Monday, June 20, 2016

Ibex 35 and European stocks: Strong gains by lower expectations ‘Brexit’ 20/06/2016 (06/20/2016) – Yahoo Finance Spain

Quote of the European market

European stock markets closed with strong gains, awaiting the referendum on the Brexit on Thursday 23 June. The CAC earns 3.50%, the Eurostoxx up 3.29%, the DAX 3.43% and 3.04% FTSE 100.

The week started sharply higher, after that new surveys in the UK reflect the EU the option to ‘leave’ loses some strength (from 47% to 42%), although it is true, the number of undecided voters remains high (13%).

In the afternoon, US equities also traded advances. Today we have not had macroeconomic references of interest.

This week we will watch the referendum ‘Brexit’ and elections in Spain on Sunday 26 held although we believe that the market will focus on the outcome of the referendum in the UK by global implications the same.

in this context, the Spanish risk premium stands at 143 points, with the interest rate of the 10-year bond at 1.479%.

macroeconomic news affecting market quote

in the Eurozone construction output fell 0.2 April% (vs. -1.0% previously revised), while in annual terms the fall was 0.4% produced ( . vs. + 0.5% previously reviewed)

in the UK, the housing price index Rightmove (London: RMV.L – news) by 0.8% in June increased (vs. + 0.4% previously). Annual rate rose 5.5%.

The producer price index for Germany rose 0.4% in May (vs. + 0.1% and + 0.3% above e) , while in annual terms fell by 2.7% (-3.1% vs. -2.9% prior and e).

The Spanish trade balance ended in April with a trade deficit 637,300 million euros, compared with a deficit of 759,900 million in March.

in Japan, exports of goods fell by 11.3% yoy in May to 5,091 billion yen (49,000 million dollars) after declining 10.1% in April. In monthly terms, exports fell 1.3% in May. Imports fell 13.8% in May to 5.132 trillion yen, marking its seventeenth month of falls. The trade balance showed a deficit of 40,700 million yen.

oil prices and exchange rate euro dollar a European closing

In the derivatives market futures oil trading higher, trading on the environment 49.25 dollars. In the forex currency market the euro gained ground against the dollar, so that the junction between two currencies is set in the vicinity of 1,132.

Business News

The company Inabensa, owned 100% Abengoa, and the UGT and CCOO unions have reached an agreement at the last meeting of negotiating the Record of Employment Regulation, laying down to 72 redundant workers. According to a press UGT, by agreement, culminated on Friday, 220 workers at most be included in a dossier Temporary Employment Regulation.

The city of Naples has communicated to CAF (Madrid: CAF.MC – News) the provisional award of a framework of 6 year which includes the supply of 10 units of 6 cars for Line 1 contract the city metro, with an option to request up to 10 additional trains during that period. This is art trains that will have the most advanced technology in vehicles of this type. This project for the Metro (Other OTC: MTRAF – news) Naples is funded with 98 million euros of public funds

Quote Ibex 35

In Spain the Ibex 35 closed with a rise of 3.41. % in the level of 8647.1 points IAG, Ferrovial (Other OTC: FRRVF – news) and Indra (Madrid: IDR.MC – news) highlighting with the biggest gains. . On the opposite side of the table, Gamesa stands out as the only value in negative

The biggest variations were selective:



Cierre Blue Chips positive for the market. Telefonica up 3.23% to close at 8,816 euros, Repsol (Amsterdam: RP6.AS – news) won 2.68%, Iberdrola (Amsterdam: ID6.AS – news) 3.55%, Santander March 1, 94% and BBVA (London: 931474.L – news) 2.93%

Close intraday Ibex 35:



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