Tag: last-minute

Greece Market

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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

Greek Markets

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Year and a half later, the Greek crisis has been carried forward by Ireland and Portugal and already is threatening two of the major eurozone countries: Italy and Spain. Europe remains grounded in sterile discussions on the participation of the private sector in the debt restructuring. And banking joins alerts, with a very discussed solvency tests that last Friday left eight dropout (five of them in Spain) and the feeling that anything can happen from tomorrow in the markets. Tension force Europe to take a step forward: the Summit of Heads of State and Government on Thursday hinted at momentous, to the point that in Brussels is deck launch two new features. After the failure of the last meetings, the eurozone will discuss the reduction of interest rates that pay countries rescued by aid and, above all, how to increase the potential of the bailout fund European, with the possibility to intervene directly in the markets with the purchase of bonds or through loans to Athens so that it is the treasure Greek who intervene. Source of the news:: EU raises the massive purchase of debt to save Greece.

Government Tax

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Job creation and the demands to the banking, big players. Education and health care in the public system, some of the aspects that has dndido. Bets on the part-time contract, as well as by giving workers more flexibility to employers and more safety. The praise to the German electoral model and the request for discussion on a possible reform in this regard in Spain, some of the highlights. The candidate of the PSOE for the Presidency of the Government, Alfredo Perez Rubalcaba, has unveiled some of its main proposals and commitments for the coming years, believes ambitious and realistic, headed by the demands to the financial system. Author shines more light on the discussion. Undertakes to find a quick way to create employment and guarantees that there will be money, because soon it will be time to ask banks and savings banks that leave part of their profits to create jobs.Banks and boxes can and cannot wait for young people. He defends redistributive policies and raises recover the wealth tax without taxing the middle classes, but the large estates. The time has come, he admits, rethink or rectify some decisions made in recent years.

It proposes a reform of the electoral system to increase its proportionality and praises the German model that, among other issues, has small constituencies that favor the relationship between citizens and candidates. A commitment to put an end to tax havens in collaboration with other European partners, because their existence is intolerable, indecent and absolutely immoral. He advocates implanting in the EU a solidarity tax on financial transactions with countries more poor with the aim that then extends to the whole world. It calls for a European credit rating agency and European bonds. It calls finish as soon as possible with the restructuring of the financial system to allow flow of credit; If the State should provide capital to clean up a box, must be present in the management of those resources so that Spaniards do not lose a single penny.