Thursday, August 25, 2016

The bag closes with profit taking waiting for the Fed – Yahoo Finance Spain

MADRID (Reuters) – The Ibex-35 of the Spanish stock market took a breather in Thursday’s session and took profits in a market that maintains a selective tone, with low volume and sights on the speech to be delivered on Friday the president of the Federal Reserve.

in the framework of the meeting of central bankers held Thursday and Friday in the US, some operators rely that the highest executive of the Fed providing clues about the direction of interest rates in the world’s largest economy.

Meanwhile, the few investors, most institutional part, which are present in the market chose to take profits after three consecutive days of gains in a market with little depth.

the most cherished values ​​in recent days were generally those who suffered most, with cuts in the banking sector ranged Santander 0.2 percent and four percent in People passing by declines of more than one percent in BBVA and CaixaBank.

the most heavily weighted value of the Spanish market, Inditex, fell by 1 , 1 percent after also capitalized major purchases in recent sessions. Also collected benefits the airline group IAG, with a loss of 2.45 percent yesterday after being selective the best value.

Among the few bullish exceptions, only featured a defensive value, lagged in recent days, Enagas, the Merlin SOCIMI and wind turbine manufacturer Gamesa which appreciated slightly.

Pro GDP data announced early had no impact on the market despite exceed expectations and demonstrate the strength of the bottom of the economy despite the political break.

the Dow ended down 56 points, 0.65 percent to 8,599 points while the pan-European Eurofirst 300 left a 0.7 percent

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