The selective recovers more than 1% to quarterly highs supported by large values
The Spanish stock market is finding new incentives for hikes, despite still lingering uncertainty about the future of monetary policy and the risk of interest rate hikes leading to a recession.
The Ibex-35 leads gains in Europe with an increase of more than 1%, with the Repsol price rising 5% following a wave of better analyst recommendations. The latest news that has contributed to the stock’s bright outlook is RBC Capital Markets analysts who have upgraded the company’s rating from “weight” to “overweight.”
The banks are also pushing for increases of more than 2.5% for Banco Santander, BBVA, CaixaBank and Bankinter, in a session marked by the approval by the Council of Ministers of the pact between the government and the industry to help people with mortgages. helped affected by the rise in Euribor.
On the commodity market, oil prices are recovering positions after Monday’s sharp drop. The Brent-type barrel, a benchmark in Europe, rose 0.7% to recover $88, while the US West Texas rose above $80.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
