The selective is leading the rises in Europe thanks to the pressure of the big stocks
Session from less to more for the Ibex-35, which finally managed to overcome the losses of the opening with the support of banks and other majors such as Inditex or Telefónica. After exiting close to 1% at the start of the session, the roster shed nearly 8,200 points on Tuesday after rising 0.5%.
The most rising value was Banco Santander (+3.51%), followed by BBVA (+2.83%), CaixaBank (+2.35%), Bankinter (+2.34%) and Banco Sabadell (+2. 32%). Behind them were Repsol (+1.48%), Acerinox (+1.27%) and Mapfre (+0.89%). On the other hand IAG (-2.37%), Naturgy (-2.00%), Fluidra (-1.85%), Aena (-1.82%), Acciona Energía (-1, 72%) and Colonial (-1.69%).
It is also worth noting the impetus of Unicaja Banco, which ended the day with a rise of 5.48% after the Ibex Technical Advisory Committee yesterday announced its participation in the Madrid selection to replace Siemens Gamesa, which will be excluded after the success of the takeover bid made by Siemens Energy for its subsidiary in Spain.
The rest of European stock markets closed on a mixed note, following a day marked by losses on Asian markets, especially Japanese, which did not welcome the Bank of Japan’s unexpected decision to widen bond interest rate fluctuation margins with a term of 10 years.
This movement – referred to as the ‘control of the curve’ in financial jargon – could push the yield on the bond up to 0.5%, from the hitherto set limit of 0.25%. The tool implies that the institution, one of the few major developed economies that had not yet tightened its monetary policy, is now starting to do so.
Meanwhile, in the commodities market, the price of a barrel of Brent quality oil, a benchmark for Europe, stood at $79.27, down 0.60%, while Texas stood at $74.96.
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.
