Thursday, May 7, 2015

The Spanish stock market gains 0.15% after overcoming losses – holaciudad.com, Fresno

The main indicator of the Spanish stock exchange, the IBEX 35, closed today with a rise of 0.15 percent despite having contributed negative for most of the session, due to tensions on the market for elections in the UK and uncertainty over Greece.

With the risk premium to fall, at 115 basis points, the Spanish index reached 11180.30 points and the accumulated earnings in the year they reach the 8.76%.

As for the other main squares of the Old Continent, Milan has appreciated by 0.80% and Frankfurt 0.51%, while London lost 0.67% and Paris, 0.29%.

Although the Spanish index managed to save the session yesterday and closed in positive today’s session began with steep losses of over 1%, and the Investors pending a day the immediate future of Greece.

That was not the only event that prevented the European stock markets return to positive territory, as in the UK today the closest elections are held in the country for 40 years, where the current prime minister, David Cameron promises to hold a referendum in 2017 to leave the European Union if they win at the polls.

In addition, the adjusted results could abocar to Candidates have to make pacts, and the party that can establish itself as the third political force is the UKIP, party formation to leave the EU.

Given the tension of the elections, the pound has fallen into the meeting nearly 0.30% to 1.34 euros.

At noon, the losses in the IBEX 35 is extended and selective came to losing 11,000.

European markets also managed to overcome losses due to uncertainty over Greece’s future holds, especially after news that once again there will be no agreement at the next Eurogroup next Monday.

Wall Street, meanwhile , began its session in negative, affected by the decline in the securities of energy companies by the decline in oil prices, which in the case of Brent crude oil traded in Europe -of reference to the close of trading in Spain $ 66.40.

Finally, the US indices were decided by purchases, encouraged by the good data on unemployment in the week.

By the end of the session, the IBEX 35 was boosted by the rise in the German Dax and finally closed up 0.15%

The big IBEX 35 ended with no clear trend as Iberdrola gained 0.84%.; Inditex 0.63; BBVA and Santander 0.57 0.21%.

By contrast Repsol fell 3.28%, the same day that presented results, and Telefonica, 0.37 percent.

© EFE 2015

© ZGS 2015

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