July 15, 2020

The Spanish stock market rises 1.46% driven again by the tourism sector

The Spanish stock market rises 1.46% in the early stages of this Tuesday, above 6,900 points, in a new day of optimism due to the progressive de-escalation worldwide and the economic reactivation, and in a session in which they return to being protagonists the values ​​linked to tourism.

At 9.15 am, the main indicator of the Spanish Stock Exchange, the IBEX 35, adds 101.80 points, that 1.46%, to 6,958.60 points. Annual losses are reduced by 27.11%.

In Europe, Paris also rises 1.23%; Milan, 1.15%; and Frankfurt, 0.79%.

London is back to business today after yesterday’s close with gains of 1.95%.

With the rise of this Tuesday, the Spanish stock market maintains the upward trend of the previous session, in which it rose strongly thanks to greater economic optimism for the reopening of the different countries and the values ​​linked to tourism, and despite the fears that They exist about the new tensions that could be generated between the United States and China due to the situation in Hong Kong.

Today, the domestic market maintains its momentum thanks to the progress made in Asia, where investors also celebrate that world economic activity is slowly recovering after the coronavirus.

The Nikkei, the main index of the Tokyo Stock Exchange, has risen 2.55%, after Japan has lifted the state of sanitary emergency due to the coronavirus.

In China, the Shanghai stock market has also risen more than 1%.

In the US, where Wall Street did not trade for a holiday yesterday, US index futures also point to strong gains, fueling increases in Europe, where consumer confidence data for May is expected today.

In the raw materials market, Brent, the benchmark in Europe, rises 2.05%, to $ 36.26.

Within the Spanish market, the values ​​of the tourist sector rise again with force after the previous day soared after announcing the President of the Spanish Government, Pedro Sánchez, over the weekend, that the tourist season may begin in the country in July.

Thus, Melia Hotels stands out by rising 5.68% on the IBEX 35, while Edreams shoots 12.57% in the continuous market, followed by NH Hoteles, 10.26%.

In the IBEX 35, the most bearish value is Viscofán, which falls 1%, while in the continuous market, Vocento stands out by leaving 2.51%.

Of the great values ​​of the IBEX 35, Santander rises 3.58%; BBVA, 2.98%; Inditex, 2.34%; Repsol, 1.91%; and Iberdrola, 0.83%, while Telefónica falls 0.50%.

In the debt market, the yield on the Spanish 10-year bond falls to 0.701%, with the risk premium at 116 basis points.


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