The Ibex opens with new upturn by reducing the fear of Brexit – Investing.com Spain

MADRID (Reuters) – Following up on Friday 2 percent, continued on Monday with a breakthrough before a newsfeed aimed at lower odds that the UK exit the European Union.

the United Kingdom will vote on EU membership on June 23 and although polls indicate that the end result could be very tight, betting indicated on Monday that the vote could opting against Brexit.

Moreover, in the Spanish markets investors were preparing for general elections next Sunday, with expectations of a parliament fragmented without have materialized to date possible agreements between the parties to form government.

at 0928 hours, the Ibex-35 rose 3.1 percent to 8,625 points while the pan-European index gained 2.88 percent to 1,317 points.

progress in Madrid was led by IAG (MC :), the holding company for airlines that controls British Airways, up nearly 7 percent.

also other companies with significant exposure to Telefonica UK market, Iberdrola (MC :), Santander (MC :), Ferrovial (MC and Sabadell- rose above 3 percent.

Outside selective, travel portal eDreams (MC gained 4.4 percent after reporting results slightly above their estimates.

(Reporting by Thomas Cobos and Robert Hetz, edited by Jose Elias Rodriguez)

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