Expansion / The rush of Friday gives way to a new brake in the future of the european stock markets. The Ftse could get stuck below 8,800 points. In the currency market, the dollar reached highs since July against the euro after the president of the Fed to bolster the idea of a rate rise in December.
investors cooled the optimism with which you ended last week. The data is more favorable on the chinese economy, a greater containment in the collapse of the pound and a number of business outcomes, encouraging repeated purchases in the european equity. The progress touched even by 2%, as it was an Ibex that went back to a 1.85 per cent. But a few hours after Wall Street put the brakes on this optimism and closed practically in tables. The president of the Federal Reserve, Janet Yellen, confirmed the expectations of an upcoming rebound in interest rates in the US and the dollar came out strengthened.
The foreign exchange market kept the dollar near its highest since July against the euro . The common currency is repeated just below the barrier of 1.10 dollars. Except surprises, the data of inflation of the eurozone will confirm this morning, a rise of 0.4%, hence the attention begins to shift towards the ECB meeting next Thursday. The pound , for its part, is again suffering the downward pressure common from the Brexit. The currency of british falls to 1,21 dollars, and the euro gains above 90 pence.
The exchange rate in the foreign exchange plays a prominent role in the incipient season of presentation of business results . In the case of the Spanish Stock exchange, the avalanche of accounts will begin from tomorrow, from the hand of Enagás. The highest concentration of results will occur at the end of next week.
waiting for the earliest references in the form of results, the Spanish Stock market is facing the day with attempts of correction. The future in Europe invite you to a slight pick-up of benefits, after the rush of 1.85% from last Friday. The cuts could stall the Ibex in the environment of the 8.700 points.
banks striving to consolidate the scale last Friday, when the ups came to exceed 3% in Santander and CaixaBank. Thanks to this rebound, Santander was able to regain the level of 4 euros per share. Banco Popular aims to strengthen its mattress above the level of a euro, after you raise their fall by over 60% so far this year. Repsol does not find too many stimuli to continue their assault to annual maximums. On the contrary, Day receives the support of the analysts of Deutsche Bank, which advised ‘buy’ with a potential of up to 6.2 euros per share. In the real estate sector stands out the purchase of a 15% of the socimi Axiare on the part of Colonial, for a total amount of 135 million euros. The entry into the capital of Axiare has been made at a price of 12.5 euros per share, a premium of close to 12%, compared to the 11,18 € closed on Friday.
european stock markets affect also the remarkable increases achieved last Friday. The red numbers crop up in the future, with cuts, in any case, moderate. This situation puts in danger the level of 7,000 points on the London Stock exchange. The financial sector has been the subject of a new during the weekend. The shareholders of Banca Popolare di Milano and Banco Popolare approved the last Saturday of their fusion, which gives rise to the third largest Italian bank by assets. Outside of banking, in the automotive sector, highlighting the new savings plans proposed additional by Volkswagen to cope with the impact of the scandal over the misrepresentation of the emissions.
Next expansion.
SPAIN: The Ibex 35 returns to slow down below 8,800 points
With Information Expansión
http://entornointeligente.com/articulo/9101728/ESPANA-El-Ibex-35-vuelve-a-frenarse-por-debajo-de-los-8800-puntos
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