Tuesday, August 30, 2016

The Ibex rises slightly and looks at the altitude of 8,700 points – Investing.com Spain

MADRID (Reuters) – The Spanish stock market managed on Tuesday to add almost one percent and look out at the altitude of 8,700 points supported particularly in boosting banks and securities linked to tourism in a market that ignored the attempt investiture a few meters away in the courts.

while the prime minister in office, Mariano Rajoy, closed his speech to an endowment that it seems doomed, the Ibex closed the day with a rise of 69 points, 0.8 percent to 8,685.

According to official data released on Tuesday, the country received last July 9600000 of foreign tourists, an increase of 9.3 year, which points to a new record high above 70 million.

in this context they stressed upturns of 1.5 percent in the airline group IAG (MC :) and 1.3 percent in the hotel Meliá (MC.)

the banking sector was instrumental in the rise with increases of nearly two percent in BBVA (MC :) and 1.5 percent in Santander (MC:).

Among the few exceptions bearish, again highlighting steelmakers Acerinox (MC :) and ArcelorMittal (MC.)

the risk premium, as expressed by the spread between bond yields Spanish and German ten-year benchmark, jumped briefly to 104 basis points.

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