The Ibex opens with a mild progress in the transition journey – Investing.com Spain

MADRID (Reuters) – The opened Friday with a slight increase based on the rescue of the Italian bank Monte dei Paschi (MI:) by the Italian State, but the character seminavideño of the day limited the activity, and places a certain level of caution among investors.

The banking sector was in the spotlight after the expected rescue of the financial institution most ancient of Italy, as well as of the agreements of Credit Suisse (SIX:) and Deutsche Bank (FROM:) to put an end to lawsuits related to securitisations of mortgages.

In Spain, the two large financial institutions showed upticks moderate, 0.5 percent in Santander (MC:) and of 0.8% in BBVA (MC:).

The Spanish banking sector still digested the blow received this week with a ruling by the European Court of Justice european that could lead to the entities to return up to 4,000 million euros charged improperly with the controversial clauses soil.

Among the rest of great values, the insurer Mapfre (MK:) and Telefonica (MC:) earned almost 1 percent, while ArcelorMittal (MC:) highlighted in negative, with a fall of 1.3 percent in a context of fall of the raw materials.

At 09:27 hours, the Ibex-35 index rose 0.22 per cent to 9.354,0 points, accumulating in the week, a fall of 0.6 per cent. In Europe was almost flat.

market players pointed out that, in principle, does not expect major developments in the macroeconomic during the day, beyond the us consumer confidence prepared by the University of Michigan and housing data of the US market.

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