The Ibex collects benefits in a session led by banks – Investing.com Spain

MADRID (Reuters) – The Spanish stock market closed Wednesday’s session in red despite the good performance of the most exposed to the floor clauses banks, by endorsing an adviser to the court EU temporarily limit the refund to consumers.

The Advocate General of the Court of Justice of the EU considers that the decision of the Spanish justice temporarily limit returns in clauses called floor of the mortgage is consistent with Community law, in a non-binding decision but the court usually taken into consideration.

the entities increased exposure led advances. Sabadell (MC rose 2.89 percent, Popular scored 1.51 percent and CaixaBank (MC closed with a rise of 1.45 percent. Outside the selective Liberbank (MC soared 13.3 percent.

Santander (MC :), which has no ground clauses, allowed 2.02 percent, while BBVA (MC fell 0.73 percent.

after four days in positive, the Ibex-35 ended down 0.38 percent at 8,473 points, in line with Europe, which fell 0.13 percent to 1328 points.

“They start to skip certain alarms overbought, and some investors are opting for profit taking,” said Jose Antonio Martin, an analyst at IG, said in a report.

Among the great values, Inditex (MC closed flat, while Iberdrola (MC rose 1.50 percent. Repsol (MC :), however, fell 1.19 percent after the barrel recorded a drop of four percent to $ 46.

Telefónica (MC fell by 1, 81 percent to new rumors in the press about the sustainability of its dividend.

After the good performance of steelmakers in recent days on rumors of consolidation in the European market, Acerinox (MC rose 2.44, while rival ArcelorMittal (MC yielded 1.95 percent.

At the market fixed income, the risk premium most two basis points from the opening to the 129, after the PSOE said it will not facilitate the inauguration to the presidency of Mariano Rajoy while continuing the political impasse in Spain after six months of caretaker government .

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