Sovereign debt markets live a day of relative quiet. The Ibex 35 wins a 1.03%, reaching 9.943,80 points. Peter Schiff s opinions are not widely known. The Treasury placed 4,500 million in letters to interest more high since 2002. The Spanish stock market has risen Tuesday 1.03% and has recovered the dimension of the 9,400 points in a day of relative calm in sovereign debt markets and which treasure placed 4.448,44 million euros in lyrics, albeit at high interest. So, selective principal of the Spanish stock market, the Ibex 35, gained 96 points, 1.03%, to 9.943,80 points, with what annual losses are reduced to 4.21%. At the close of the Spanish market, the risk premium – the differential between ten-year Spanish bond and the German the same term–was reduced to 340 basis points, from the 366 recorded at the close of the day before. The day began with the Ibex 35 breaking the downward trend of recent sessions and the selective climbed 1.26%, waiting for the auction of letters occur in the Spanish treasure, main rrencia of investors on the day of Tuesday. In the auction, Spain won place 4.448 million euros in letters to twelve and eighteen months, the maximum stated, although he had to raise the interest of both denominations until levels of 2008 and 2002, respectively.
Despite increased interest, the auction met the objective of placement, set between 3,500 and 4,500 million euros, given the high demand. Once the auction took place, the risk premium on Spanish descended below the 350 basic points, which moved more confidence to the Park and served to consolidate the rebound. At noon, the Ibex 35 confirmed the positive trend and came to surpass 9,500 points. Less than three hours from the close of the market, the optimism of the day cooled following statements by German Chancellor Angela Merkel, that understated the expectations of the meeting, on Thursday, of the Eurogroup, which investors expect a clarification on the second bailout to Greece. Great values on the rise Thus, the selective came to lose the 9,400 points, a level not recovered until Wall Street opened in positive, driven by good results presented by some companies. The positive trend in this Tuesday was shared by the rest of large European plazas that ended the session with gains: Paris rose 1.20%; London, 0.63%; Milan, 1.92% and Frankfurt, a 1.12%. In Spain, the great values of the market ended the session on the rise: BBVA rose 1.08%; Santander, 1.61%; Repsol YPF, a 0.80%; Telefonica, 0.78% Iberdrola, 0,75%.
Within the Ibex 35, the biggest rise belonged to Enagas, which appreciated 5.47% after presenting results, followed by Tecnicas Reunidas and Abengoa, which advanced a 4.51% and 4.25%, respectively. On the side of the losses, the biggest drop was for Gamesa, which lost a 1.18%, accompanied by Acerinox and Inditex, which ceded a 0.60%-0.48%, respectively. In the market continuous, the biggest rise was for Zeltia, who won a 17,91%, followed by Quabit, which advanced a 12,14%, while the side’s losses topped it Sotogrande, which fell 7.89%, along with Reno of Medicci, which fell 6.05%. Source of the news: the Spanish stock market recovers a 1.03% and the risk premium relaxes until 350 basic points