MADRID (Reuters) – The Spanish stock market failed to hold at the close of Thursday, the rebound made gestures of correction for part of the day before the elevated concern among investors over the outcome of the u.s. elections next week.
“There is a lot of fear about the issue of the united states,” said Sonia Late, operator of CM Capital Markets, in reference to the fear that Donald Trump will give the surprise and imposed to the democrat Hillary Clinton, considered as the most favourable in the financial markets due to the uncertainties on a management of the republican.
“Well, this morning the market has moved by the Brexit, a topic that will surely bring more ups and downs in the coming months,” he added.
The news that the british Government will have to ask permission to Parliament to break with the European Union caused moments of volatility in the financial markets of the Old Continent and caused the take-off in the shares of IAG.
The airline, which includes British Airways and Iberia, was the value that most went up in Madrid with an advance of over 3 percent.
In the domestic sphere, the eyes are today on the announcement of the next cabinet of the Government after the recent investiture of Mariano Rajoy.
After being left more than 300 points in three days previous, the Ibex-35 index rose 0.07 per cent to 8.879,9 points, unable to pass the psychological level of 8.900 points.
For its part, the pan-european Eurofirst 300, which had a streak less negative than the selective Spanish in the previous session, fell by 0.07 per cent.
After a recent and strong punishment, the domestic banks drove Thursday to the selective Spanish, to receive with enthusiasm the accounts of their european colleagues, and the announcement of the british court on the brexit, with advances between 1 and 3 percent for Caixabank, Sabadell, BBVA and Santander.
The oil company Repsol turned around and jumped more than 1 percent after posting a few results in which the control of expenses more than compensated the fall in crude oil prices and refining margins in the third quarter.
instead, the manager airport Aena, which will be released on Friday its quarterly accounts, fell by almost 2 percent amid speculation in the press that the Government could sell an additional participation in order to avoid a tax increase.
Among industrials large cap, Telefónica ended barely changed at 9 euros, and Inditex was left at 0.5 percent.
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