Tuesday, August 23, 2016

The Spanish stock market opens upward and recovers the 8,500 points – Investing.com Spain

MADRID (Reuters) – The Ibex-35 began on Tuesday the session higher and retook the level of 8,500 points with all its values ​​in green, relying on the banking sector and in Inditex (MC :), which rose after a change of recommendation from a broker.

the market ignored the decline for the second consecutive session as investors awaited clues about whether the Federal Reserve of the United States will raise interest rates this year.

“the day is expected quiet waiting for the statements made by Janet Yellen at the Jackson Hole meeting that begins Thursday. Surely new clues about the next rate hike will be thrown “, said analysts at Bankinter (MC:).

In this context, at 9.16 pm, the Ibex added 64 points or 0.76 percent to 8,532.9 points, while the pan-European advanced 0.61 percent.

Inditex led the advances in early trading with a rise of 1, 4 percent to 31.5 euros after HSBC raised its rating to “buy” from “hold”.

in addition, the dominant banking sector earned between 1.3 percent and Popular 0 , 4 percent of Bankinter, while its two heavyweights, Santander (MC :) and BBVA (MC :), rose 0.8 and 0.5 percent, respectively.

Arcelor Mittal (MC :) also was among the main values ​​of the day, with a rise of 1.2 percent, while the ACS (MC :) construction avanzazaba 1.25 percent

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