Sun. Jul 21st, 2019

The Spanish Stock Exchange rises 0.18% and hits the 9,300 points



The Spanish stock market, which has opened this flat Friday, rises 0.18% in the early stages of the session and is close to 9,300 points, following the Wall Street record and the possibility that the US Federal Reserve (Fed) and the European Central Bank (ECB) cut rates soon.

Sponsored Ads

Advertise Here

At 9.15 am, the main indicator of the Spanish Stock Exchange, the IBEX 35, adds 15.30 points, that 0.18%, to 9.295 points, with which annual profits rise to 8.85%.

In the week, the indicator leaves 0.42%.

In Europe, the main markets have opened plans; Frankfurt leaves 0.08% while London climbs 0.15%; Paris, 0.19%; and Milan, 0.24%.

With today's gains, the Spanish stock market maintains the positive trend recorded on the eve when it rose 0.30%, encouraged by the rising expectations of falling rates in both the United States and Europe.

The minutes of the last meeting of the European Central Bank (ECB), which shows that the body is willing to "further relax its monetary policy by adjusting all its instruments" in view of the increase in uncertainty.

In addition, the ECB stresses that the measures include buying back debt and lowering interest rates.

The increase of the probabilities that in the US, the Federal Reserve (Fed) also cut rates at the end of the month added one more day to Wall Street, where its main indicator, the Dow Jones Industrial, exceeded for the first time the 27,000 points, record.

In Asia, the positive trend also prevails, and the Nikkei in Tokyo advances 0.20%.

In the day of this Friday, which will know the data of inflation in Spain, the industrial production of the eurozone, or the balance of payments of Germany, the price of Brent crude oil -the reference in Europe- rises in the start of the session above 67 dollars (67.03 dollars).

Back to the IBEX 35, of the large stocks, Santander rose 0.69%; BBVA, 0.5%; Telefonica falls 0.13%; Repsol up 0.29%; Inditex earns 0.52% and Iberdrola is 0.35%.

IAG and Caixabank are the values ​​that rise the most in the IBEX 35 with increases of 1.24%.

On the other side stands out Colonial, which loses 0.65%.

On the other hand, Oryzon is the most bullish value of the whole continuous market, registering a rise of 3.66%, while Duro Felguera, with a fall of 2%, is the most penalized of the Spanish stock market.

. (tagsToTranslate) Bag (t) Spanish (t) up (t) slash (t) points



Source link

Leave a Reply