Monday, October 24, 2016

The Spanish stock market goes up in block to average session, confident a new government – Reuters Spain

MADRID (Reuters) – The Ibex-35 index of the Spanish stock exchange exceeded that on Monday, the dimension of the 9.200 points with a rebound, without just exceptions supported in the gear of other places foreign and in the perspective that the current week could put an end to ten months of functioning government in Spain.

Virtually all of the components of the selective forces operating with hikes, highlighting the influential banking sector, dominated blips above the two percent (Bankia, Sabadell, Bankinter and Santander) and even the three percent (Caixabank, BBVA or Popular).

This weekend, the PSOE opened up the doors to a investiture of Mariano Rajoy as president of the government after ten months of disagreements when deciding whether to abstain in a new attempt endowment to unlock the institutional paralysis.

“The market has received the news with pleasure. It is not that the lack of government has had a huge effect on prices, but on this occasion it was withheld that would facilitate an agreement, and we have seen positive reactions,” said an operator.

The large, non-bank contributed to the rebound with a different momentum. While the largest group by capitalization of the country, Inditex, added 0.5 per cent, Telefónica and Repsol earned more than one percent.

With the market slope of the cascade of quarterly results begins to occur this week, the Ibex-35 rose at the edge of noon in Madrid 1.5% to 9.240 points. The pan-european STOXX 600 advanced 0.47 percent.

© Thomson Reuters 2016 All rights reserved.

LikeTweet

No comments:

Post a Comment