The banking and Telephone hinder the Ibex counteracting the advance in Wall St – Investing.com Spain

MADRID (Reuters) – investors in the Spanish stock exchange opted for caution Friday, as the political concerns were given the good reception of the recent results of large european companies, and the positive trend on Wall Street.

Between the values that drew him to the found Santander (MC:), Telefonica (MC:) and BBVA (MC:), in the case of the first two after progress in the eve.

The decrease of these values was greater than the positive results of the giants of european industry like the steel company ArcelorMittal (MC:) or the automotive Renault (PA:), and that the advance of the american stock market indices, which were driven by the announcement of Trump that will approve a tax reform.

In the medium and long term, the main concern of investors in Europe, in addition to the protectionism of Trump, still the fear of further surprises in the elections that will be held during the year on the continent, in countries including France and the Netherlands.

The Ibex-35 ended with a cut to 0.64 percent, to 9.378 points, losing in this way the level of 9,400 recovered the day before. In the week lost a 0.89 per cent.

The selective pan-european FTSE rose 0.12 percent.

In Madrid, the value highlight of the day was ArcelorMittal, the largest steel in the world, which rose almost 9 percent after announcing an operating profit gross greater than expected for the last quarter of the year.

He was accompanied in the top of the table your opponent Acerinox (MK:) with an increase of over one percent, driven also by the rise of the metals after a good commercial data in China and prospects of higher demand.

Telephone, who confirmed before the opening that it has received several offers for the acquisition of a stake in its subsidiary Telxius Telecom, yielded 1.2 per cent.

The banking sector, Santander is left 1.7 percent and BBVA fell 1.3 percent.

Also contributed to the fall of the selective large values like Iberdrola (MC) and Caixabank (MC:), which was 0.9 per cent and 1.7 per ,cent respectively.

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