The Ibex 35 index of the Madrid Stock Exchange has started the session on Monday with a rise of 1.1% that allowed the Spanish selective quote at 8,989.5 points in an opening starring the generalized increases in the banking sector and marked for the meeting this Thursday ofGoverning Council of the European Central Bank(BCE), as well as the recent downgrade of a rating step by Italy by Moody's, a more benevolent decision than the market expected, since the agency decided to assign a stable outlook to the note of the trans-Alpine country, which situates in 'Baa3', within the investment grade.
The banking sector, after the Supreme Court announced last Friday that it will review in a plenary session the decision on who should pay the mortgage tax, recorded strong increases at the start of the trading day, with Caixabank (+ 1,964%), BBVA (+ 1,940%) and Santander (+ 1,793%) leading the advances of the Ibex 35.
For its part, therest of bank securitiesthat are part of the selective Madrid also recorded increases in the opening. Thus, Bankia earned 1.781%, while Sabadell advanced 1.658% and Bankinter 1.376%.
Last Friday, Moody's downgraded Italy's solvency rating by one step, to 'Baa3', a decision discounted by the markets, which have been positively surprised by the rating agency's decision to assign a "stable" outlook "instead of negative to the solvency of the sovereign debt of the transalpine country.
Thus, the FtseMib of the Milan Stock Exchange has started the day on Monday with a rebound of 1.7% the largest among the main exchanges of the Old Continent, where the Frankfurt Dax was noted a rise of 1% in the opening , while the Cac 40 of Paris advanced 0.9% and the Londoner Ftse 100 rose 0.3%.
In the currency market, the euro remained stable against the dollar and was exchanged for 1.1540 'green notes', while in the secondary debt market the Spanish risk premium relaxed below 120 basis points, when the last Friday it reached over 140, with a profitability of 1,748%.