The Ibex keeps falling to half-log slope of May and the Brexit – Yahoo Finance Spain

MADRID (Reuters) – The Ibex-35 index of the Spanish stock market continued on Tuesday media session in negative territory, with the encouragement of investors dominated by the fear that London would opt for a Brexit “hard” when the british prime minister, Theresa May, detail at 11:45 GMT your exit strategy for the European Union.

With the future of americans to the poor after the holiday Monday in Wall Street and the rest of european places, opting also for falls, the selective Spanish losing the level of 9,400 points, and reduced to a few tenths of the climbs accumulated so far this year.

“In the last few weeks, it has noticeably increased the feeling that the british rulers will not seek any palliative to the Brexit, assuming a total rupture with the single european market, preferring the version harder than the Brexit. And today it is expected that it May ratify that feeling,” said Daniel Pingarrón, analyst of markets with IG.

The expectation about the speech May diminish the effect of a good data from the survey, ZEW economic sentiment in Germany, which showed a greater confidence in the evolution of the economy in coming months.

At 12:14 pm, the Ibex-35 index down 0.31 percent to 9.380,5 points, while the pan-european FTSE Eurofirst down a 0.58 per cent to 1.426,46 points.

Values pointers in the market as the textile giant Inditex and the Phone operator fell between 0.6 percent and 0.7 percent and lastraban to selective.

The banker was listed mixed, with the big of the sector, BBVA and Santander, yielding a 0.3 and 0.02 percent, respectively, while the Popular bouncing off and stood at the front of the table with an advance of 3.5 percent.

Acciona followed with a rise of 1.1 percent after announcing a contract to build a treatment plant in Australia for 52 million euros.

técnicas Reunidas also stood out among the few hikes with an advance of 0.8 percent after pointing out that the agreement recently announced in Saudi will allow you to close by 2016 with a portfolio of about 10.500 million euros.

ArcelorMittal and Acerinox were among the worst values yielding an increase of 2.2 percent and 1.4 percent, respectively, before the drop in prices of metals.

In the debt market, the Spanish risk premium stood at around 115 basis points after an auction in which the Treasury placed Letters for the amount of 5.536 million euros, something over and above what was initially planned and with a negative rate record.