Wednesday, June 29, 2016

Madrid advances extended by heavyweights – Newscasts Televisa

MADRID, Spain, Jun. 29, 2016.- The Ibex-35 expands its progress throughout the morning and 2.8% to 8054.7 points, supported by the great values ​​and the banking sector is noted.

Repsol Rallies 5.6% , encouraged by rising oil prices, leading to Arcelor Mittal and Tecnicas Reunidas to revalue more than 4 percent.

Telefónica wins 5.8%, Santander scores a 3.5% and Inditex advances 2.5 percent.

on the opposite side, Abertis 2.3% after OHL sold 7% of capital discount to the share price at the close on Tuesday left.

on Wednesday, leaders of the European Union meet in Brussels, this time without UK, to discuss the bloc’s future without one of its members.

Although the Ibex-35 and the main European markets strung two sessions rebounding after two days of sharp declines, Bankinter cautions that this behavior will not be representative of what happens in the coming days.

“we expect a net drip down some bags which will continue dominated by uncertainty for some time. Probably the rebounds will be inconsistent, but undoubtedly the will, “says the bank, which believes that these advances are” unreliable “.

In the agenda, highlight the CPI advance June Germany, and, in the United States, income and personal income in May;. the pending home sales in the same month, and the weekly report oil reserves

in addition, at night the results of the know latest revision of capital US banks.

TFO

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