Monday, January 2, 2017

The Ibex opt for the ups and points to 9,400 at the start of the year – Investing.com Spain

MADRID (Reuters) – The main stock index Spanish rubbed off on the Monday at noon of the rise in other markets of the euro zone and attacked 9,400 points in the first session of 2017, marked by public holidays in most of the large financial marketplaces.

With major markets in Asia closed for New Year’s, along with the United Kingdom and the united States, purchases were laid in Madrid in the middle of a volume of quote limited, boosted by good data from the manufacturing sector in Spain and in the euro zone.

“The year 2017 will be marked by a high volatility, a result of the numerous appointments policies in Europe, which will generate interesting investment opportunities throughout the year”, said analysts of the brokerage Renta 4, (MC:) in your note daily.

These observers say the elections in various european countries in 2017 (Germany, France, the Netherlands, possible advance of elections in Italy), as well as the uncertainty about the economic policies of the new president of the USA, and the ultimate impact of Brexit.

The index of the main values of the euro-zone rose to a half-session half-point, to its highest level since December 2015 with the Italian to be highlighted as the best of the eurozone, with gains of 1.3 per cent, to its highest level since January of last year.

After close to 2016, with an annual decline of 2 per cent, the left behind the drops early and went up to 12:00 hours a 0.49 percent to 9.397,9 points.

The front of the table stood the group of airlines IAG (MC:), which was an increase of 2.5 per cent after being the second worst value of the Ibex in 2016 (-38%) in a context of increase in the price of , after Popular (-66%), which tries to clean up its balance sheet ballast housing.

The bank also opened the year with increases of 1.3 per cent.

The rest of the financial sector also contributed to the increases of the Ibex, with Santander (MC:) and BBVA (MC: a) overcoming their initial decreases, and earning a 0.2 and 0.5 percent, respectively.

Other values that are highlighted in the selective were ACS (MC:) and DAY (MK:), with gains of 1.8 per cent, while that of the Merlin (MK:) gained 1.3 percent after announcing the sale of a portfolio of hotels to 535 million euros.

Among the market heavyweights, Inditex (MK:) gained 0.3 percent, while Telefonica (MC:) and Repsol (MC:) rose 0.1 percent.

The exceptions bears the protagonizaban técnicas Reunidas (MC:) and Endesa (MC:), which were 0.2 and 0.1 percent, respectively.

The bond market also started the year strongly, with a fall in the profitability of ten-year bonds Italian, Spanish and Portuguese of approximately 8 basis points on the day

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