The Spanish stock market turns around, rises 0.33% and recovers 9,000 points

The Spanish stock market turns around, rises 0.33% and recovers 9,000 points

The Spanish Stock Exchange, which has opened today to the downside, has turned around in the first bars of the session and records gains of 0.33%, with which it recovers again 9,000 points.

Specifically, at 9.15 am, the main national indicator, the IBEX 35, adds 30.40 points, that 0.33%, to 9,027.60 integers, with which the losses of the year are reduced to 10.10% .

In the week, the national market rises 1.48%.

The Spanish stock market, after closing yesterday with losses, and again below the 9,000 points, has opened today with doubts, pending the pressure that the US debt is once again suffering, before the possibility that the Federal Reserve (Fed) raise interest rates again in December.

Yesterday, the minutes of the last meeting of the Fed were published, in which the organism reiterates the need for a "gradual and continuous" interest rate increase if the country's economic boom context is maintained.

The increase in the yield on the US 10-year bond, again above 3.2%, coincides with a new auction of the Spanish Treasury, which will appeal to the market today in a bid for long-term debt.

In addition to this matter, the market will focus on the «brexit» after yesterday the United Kingdom and Brussels will show the lack of agreement, although they were willing to continue analyzing the situation to unblock it.

In Europe, Milan falls 0.20% in the opening, while Paris rises 0.10%.

Back to the Spanish Stock Exchange, at the opening of the day, most of the big IBEX 35 shares are trading positive, minus Santander, which yields 0.01%.

On the earnings side, Telefónica is listed, with an increase of 1.25%; Iberdrola, 0.85%; Repsol, 0.46%; and BBVA, 0.38%.

After the heavy losses recorded in previous days, DIA stands out today's 4.59%, followed by Grifols, which wins 3.82%.

On the contrary, Cie Automotive is the most bearish value, falling 0.61%, while ArcelorMittal is 0.26%.

In the continuous market, Berkeley rises strongly, 12.96%, while Nyesa falls 3.21%.

In the commodity market, the price of Brent crude oil – the benchmark in Europe – drops to $ 79.97, while the euro falls to $ 1.1491. EFECOM


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