The Ftse remains in the red in a session of consolidation – Yahoo Finance Spain

MADRID (Reuters) – The selective of the Spanish stock market kept falling Monday media session in a day of consolidation following the rise in the accumulated of the last week of more than one percent, while the macro-economic data also offset the trend.

In Japan, gave a loose data and industrial production in Germany to retail sales in September disappointed the dial a minimum of two years.

“There is a slight selling pressure by a consolidation process (…) in anticipation of meetings of several central banks that, in principle, will not give surprises significant but are holding onto the money,” said Juan Carlos Castillo, director of Analysis of Capital Stock.

The US Federal Reserve begins on Tuesday their two-day meeting of the Committee on Open Markets, while the Bank of Japan holds a meeting on monetary policy that is expected to end on Tuesday.

At 12:04 hours, the Ibex-35 (.IBEX) went down a 0,62 percent to 9.144 points. The pan-european STOXX 600 (.STOXX) lost 0.5 percent.

In Spain, financial values and Telefónica were the few that were enduring in the positive. Caixabank (CABK.MC) rose 0.76 per cent, accompanied by Sabadell (SABE.MC) (+0.40 per cent) and Santander (SAN.MC) (+0.06 per cent).

In exchange, BBVA.MC (BBVA.MC) regressed 0.15 percent. The rest of the banking median also fell in a range between 0.36 percent and 0,98 percent.

Telefónica (TEF.MC), had a 0.15 percent after heavy falls last week by announcing his plan to cut dividends.

Among the big losers, the manufacturer wraps the meat and Viscofan (VIS.MC) fall back again a 2,23 percent, after being presented Thursday to close some accounts, worse-than-expected as it continues to be penalised by the decrease in the consumption of processed meats.

however, the falls were led by Cellnex (CLNX.MC) with cuts of 3,35 percent, despite having submitted the Friday results are in line with expectations.

In the meantime, Inditex (ITX.MC) fell to 0.64 percent, while Repsol (REP.MC) regressed a 1,19 percent.

On the political front, the market had already discounted the unblocking of the political situation in Spain, whose Spanish Congress of Deputies gave the sabbath the confidence of the president of the Government, Mariano Rajoy, to lead a new Executive.

In the fixed income, the profitability of the bonus Spanish 10-year was stable in the 1,22 percent, while the risk premium on the debt German stood at 107 basis points.