The Ftse bounces at the start of the new season results – Investing.com Spain

MADRID (Reuters) – The kept the hikes to half-day sessions on Tuesday with the momentum of the big banks, in a day in which Enagás (MC:) opened the season results corporate in Spain.

“The market has been accelerated by the morning and has remained high, thanks especially to the banks, especially large banks,” said Jesus de Blas, analyst Mercagentes.

The analysts believe that the sector has benefited in the last few sessions by a data environment of inflation higher, which would suggest rises in rates of the central banks that would help to finish the difficult economic situation of a negative rate affecting the profitability of the banking sector.

The british inflation rebounded in September to its highest level in two years, according to data known on Tuesday, while the Spanish returned to positive territory in data reported last week.

two days of a new meeting of the European Central Bank on interest rates, the Spanish risk premium stood at 105 basis points, with the yield of the 10-year bond at 1.1 per cent.

In this context, the Ibex went up to 1140 hours a 1,11 percent, 8.836,6 points, with only three values are negative, while the index of the pan-european wore a was 1.07 percent.

The two largest banks, Santander (MC:) and BBVA (MC:), were leading the rises with progress of the 2,054 and the 2,551 percent.

In the sector, Caixabank (MC:), Sabadell (MC:) Bankia (MK:) and Bankinter (MK:), numbering between a 1,119 percent and a 1,589 percent.

Popular was the exception in the banking sector, yielding a 0,096 percent, after announcing Tuesday that it is studying to repurchase the real estate agent Aliseda.

In the energy sector, Repsol (MC:) gave support to the highs with a rise of 1.7 per cent, while companies linked to raw materials such as ArcelorMittal (MC:) or Acerinox (MC:) rose more than one and a half percent on the high side of the rise.

Other large industrials like Inditex (MK:) and Telefonica (MC:) amounted to 0.79 to 0.36 percent, respectively.

In the results section corporate, Enagás gave a 0.35 percent after the company infrastructure gas announced an increase of its net profit in results in line with its annual objectives.

The consortium of airlines IAG (MC:) rose 1,27 percent, rallying after a ‘profit warning’ from its rival Ryanair (LON:).