Thursday, February 9, 2017

SPAIN: The Ibex 35 doubt in search of his first climb of the week – EntornoInteligente

the Expansion / The european stock markets become to contain the changes in a day without great references, except for unemployment weekly in the US, and with investors focused on a new battery of results. The banking encourage slightly to the climbs at Société Générale and Commerzbank. The Ibex, in his attempt to cut a streak of three falls, returns to haunt the 9.352 points that closed in 2016.

The Spanish Stock market suffered three consecutive days of declines. But except for the Monday, of-1.1%, the remaining two have involved changes very mild, the -0,28% and -0,02%. This weakness is a reflection of the greater relaxation which provided the financial agenda of the week in the overall markets. The session now includes a new stop on the season of presentation of results in the Ibex. The references in the outside also does not have a clear sign, so that the Ibex could be repeated near the 9.329 points with which closed yesterday.

The day put back to test the continuity of the streak bassist of Banco Popular. At the close of yesterday completed its tenth consecutive days of declines, with an accumulated loss of close to 17%. The protagonism in the banking moves to CaixaBank. The entity has completed the takeover of Portuguese bank BPI . Finally, will disburse € 644 million to reach 84.5% of the capital of BPI. The two largest banks, Santander and BBVA, behind yesterday in the Ftse, they receive a rebate of recommendation on the part of BNP Paribas, from ‘sobreponderar’ up ‘infraponderar’. A day after publishing its accounts, Natural Gas receives a slight improvement in its valuation of 18.2 to 18.5 euros. Outside the Ibex, OHL has announced a new divestment to reduce debt, the sale of 50% of Canalejas by 225 million euros.

european stock markets face another day without references to macro highlighted in the local scope. The changes may be reduced, depending on the host that has the new wave of presentation of business results. This section highlights today, the financial sector, with the accounts of Société Générale, Commerzbank and KBC. The French bank has seen a reduced 40% of their benefit, while both the German and belgian have been able to overcome at least the forecasts considered by the analysts. In the oil sector, france’s Total has surprised with his plans to make new purchases of assets, in a sector characterised up to now by the drastic cuts in investments.

The forex market has parked in recent days the turmoil of earlier dates, coinciding with the worst drought in references, macro and monetary. Further data expected in the session today will be the unemployment weekly of the united States . The figures could be kept in line with those registered the previous week, in the environment of the 250,000 requests for unemployment benefit.

pending further developments, the euro repeats one more day below 1,07 dollars, far from the maximum annual registered ago just a week, 1,082 usd. The pound , for his part, returns to suffer in order to preserve the level of $ 1.25.

Largest movements have been registered in the last few sessions the market of public debt. The wave bassist with the one that started the week has given way to a remarkable comeback. The interest required to the bonus Spanish ten-year is listed now on the threshold of 1.7%, after overcoming the 1.8% in the week. The risk premium is cooled step below 140 basis points. In Italy low of 200 points, and France contracting by up to 70 points.

In the commodities market, the stability in the price of oil contrasts with the rises in returns to chain the gold price . The metal price continues to gain appeal as a value refuge from the political instability, and rubs as the threshold to 1240 dollars per ounce. The oil , for its part, repeated at the usual levels since the start of the year. The barrel of Brent consolidates at $ 55, and West Texas, reference in the USA, amagan getting close to the 53 dollars.

SPAIN: The Ibex 35 doubt in search of his first climb of the week

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http://entornointeligente.com/articulo/9606447/ESPANA-El-Ibex-35-duda-en-busca-de-su-primera-subida-de-la-semana

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