Monday, August 29, 2016

Ibex taking profits after the Fed speech and before investiture session – Yahoo Finance Spain

MADRID (Reuters) – The Spanish Ibex-35 closed Monday down session typically low summer volume, returning some of the profits made on Friday, after investors digiriesen a speech by Federal Reserve faces a rise in interest rates in the United States.

“(the Ibex-35) is correcting a bit, not for anything in particular, except for comments (from Fed president Janet) Yellen, “said Oscar Germande, an analyst at BNP Paribas IP.

Yellen said on Friday that the case for a rise in interest rates have been gaining strength in an expected appearance that brought up US markets on Monday.

In domestic key the market virtually ignored the extension of the institutional blockade that Spain is heading, after the leaders of the two most voted formations to maintain their disagreement the day before a new session of investiture, except surprises, is doomed to failure.

the Spanish risk premium, expressed in the differential of the Spanish bond yields and German benchmark, remained in the vicinity of 101 basis points.

in this context, the Ibex-35 dropped 0.5 percent to 8616.4 points in a European context downs.

the related raw materials, such as Acerinox and ArcelorMittal, led the declines with values ​​falls 1.98 and 2.74 percent respectively.

The values ​​linked to oil fell, in line with oil prices. Repsol and Tecnicas Reunidas fell 1.32 and 1.72 percent.

Big titles such as Inditex, Telefónica and Iberdrola followed the downward trend and fell between 0.22 and 0.63 percent .

In the banking sector, Santander fell 0.386 percent and BBVA into an 0.295 percent.

Among the only three values ​​upward, the bank nationalized Bankia added a 0.135 percent while the airport operator AENA was the best value with an increase of 0.55 percent.

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