MADRID (Reuters) – Spanish selective bag was placed in positive territory at mid-session after opening lower, on a day aimlessly with investors awaiting jobs data from the United crucial US to expectations of a rise in interest rates from the Federal Reserve.
the expected employment data on Friday will be known could show that US companies kept in August its strong pace of hiring, although there is still resistance among Fed officials to delay a hike interest rates at the September meeting.
“from the publication of unemployment data in USA, which seems to be positive, we will see if the rises of around one percent in European markets remain, “said Angel Perez, an analyst at Renta 4.
” Although the market tends to overreact to interest rate hikes, the US increases arises means that its economy progresses positively and this is good news, “he added.
at the national level unemployment data also met in Spain, where unemployment rebounded in August after five months of declines in July and touching its lowest level in seven years.
in this context, at 1244 hours the Ibex-35 rose 0.44 percent to 8,801 points, while the pan-European FTSEurofirst 300 index was up 0.73 percent.
Natural Gas again noted with a rise of 1.75 percent, after Repsol and Criteria- Caixa announced that it is negotiating the joint selling about 20 percent of the gas. Caixabank, however, collected benefits with a decline of 0.24 percent, while oil was up 1.10 percent.
At the top of the table, values more defensive accompanied the gasística . Enagas was written down 2.03 percent, while Red Electrica added 1.60 percent and 1.43 percent Endesa.
Telefonica was up 0.17 percent at 9.05 euros, after JP Morgan cut its price target of 12 euros to 11.2 euros.
The banking placed at the bottom of the table. Santander was left 0.59 percent while BBVA dropped 0.30 percent. Medium-sized banks also fell, with Sabadell dropping 1.29 percent and 0.38 percent Bankia.
In the bond market, the Spanish risk premium [ES10YT = TWEB] [DE10YT = TWEB] rallied to the 113 basis awaiting this afternoon held a second vote of investiture in which its candidate, Mariano Rajoy, likely will fail in forming a new government points, which is the continuation of the blockade . politician in Spain after more than eight months
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