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スペインの株式市場は2'2%から1'75%上昇し、スペインの10年国債の金利は+520で6'60%?
La Bolsa sube más de un 2% y la prima baja a la espera de señales del BCE
El diferencial de interés con el bono alemán cae por debajo de los 525 puntos
El Ibex aumenta su avance hasta el 2,48% y toca los 6.781,6 puntos
Archivado en:
- IBEX 35
- Prima de riesgo
- BCE
- Euro
- Crisis deuda europea
- Indices bursátiles
- Deuda pública
- Zona euro
- Financiación déficit
- Moneda
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- Bolsa
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The stock rises more than 2% premium to the expected low signal of the ECB
The interest rate differential with the German bond falls below the 525 points
The Dow increases to 2.48% advance and touch the 6781.6 points
See the evolution of the main markets
Lafont Isabel Madrid 30 JUL 2012 - 16:35 CET
The interest rate differential with the German bond falls below the 525 points
The Dow increases to 2.48% advance and touch the 6781.6 points
See the evolution of the main markets
Lafont Isabel Madrid 30 JUL 2012 - 16:35 CET
The markets started the week with moderate optimism, after the avalanche of statements of support for the euro and hope, encouraged by the president of the European Central Bank (ECB), a release on the public debt crisis in particular European-Spanish and Italian-in the form of purchases of securities by the bailout fund and the European Central Bank.
The Ibex 35 has opened the session with a fall of 0.1%, but pared losses shortly after and went on a comeback that has led up to 6,763.2 points, or 2.2% above its close on Friday. Around 13.20, the advance is moderated to 1.75%.
The risk premium or extra yield investors demand to 10-year Spanish bond over its German equivalent remains under the soothing effect of the words of Mario Draghi last Thursday and today low of 520 basis points (5.2 percentage points ) following the opening shot up 542 points.
All European stock markets enjoyed a bullish day, with the focus on the meetings this week will keep the bodies responsible for monetary policy in the eurozone and the United States. London gained 0.63% to 13.45 NAS, like Paris. Frankfurt is recorded an increase of 0.97% and 1.93% Milan forward.
The debt auction held today by the Italian Treasury has contributed to the serenity of the day, placing securities for an amount of 5.479 million euros, close to the 5,500 million provided maximum. The five-year bonds have been paid at 5.29%, compared to 5.84% on June 28 and 10-year debt has been paid to 5.96%, compared to 6.19% from the previous auction. Have also been issued securities maturing in November 2015 with a yield of 4.49%. The risk premium has fallen to 446 Italian basis points after the auction, but then went back to 465, having started the day at 455.
Prices for Spanish public debt, however, continue to reflect the loss of confidence in sovereign creditworthiness and bond investors demand to Spanish 10-year profitability still dangerously close to 7%. That level is doubly unacceptable, the interest burden it poses to the public purse and the expulsion of the private sector funding (effect known expression in English as crowding out) since, at least, companies should pay for the the type of loan debt.
The risk premium, a measure of market confidence in the solvency of the Spanish sovereign risk reached on July 25 the 649 basis points, so that bond yields reached 10-year stand at 7.751%. This fueled the fears of Spain ends need outside help to maintain the overall state and regional machinery in addition to the € 100,000 already committed by Europe to clean up the banking sector, which would become the fourth European country, after Ireland, Greece and Portugal to be rescued by the so-called troika: the European Union, the ECB and the International Monetary Fund (IMF).
Last Thursday, ECB President made official what appears to be a turning point in the management of the European debt crisis stating, during Inversment Gobal Conference held in London, a meeting of economic and financial leaders around the world that in the framework of its mandate, the ECB is willing to do "whatever it takes" to protect the euro, "And believe me, will be sufficient," he said Drahi. But he went further to describe the paralysis of the interbank market and pressure on risk premiums, "To the extent that the magnitude of those premiums sovereign hinders the operation of the transmission channel of monetary policy, these fall within our mandate" .
Draghi the back of the common currency has been followed by statements, almost verbatim, spoken from Berlin, Paris and Rome. According to sources cited by Bloomberg, the ECB president's plan would allow the European rescue fund go to the primary market for government debt, while the issuer of euro bonds acquired in the secondary, all backed by additional cuts in the price official money and more long-term loans to banks in the eurozone. The Eurogroup chairman Claude Juncker, has confirmed over the weekend in an interview with German publication Sueddeutsche Zeitung, the European Financial Stability Fund (EFSF), the instrument created in 2010 and will expire next year to leave their permanent place on European Stability Mechanism (MEDE) is working with the ECB on a plan to reduce financing costs in the euro area. The entry into force of MEDE pending the decision of the German Constitutional Court, scheduled for Sept. 12.
Any decision involving the purchase of bonds will have to overcome the resistance of the Bundesbank, which last week reiterated his opposition to the ECB to buy sovereign debt more. Draghi was scheduled to have contacts with the German central bank president, Jens Weidmann. The credit rating agency Moody's has moderated today the enthusiasm generated in the markets pro statements Draghi and points in its weekly report on prospects of credit, the commitment to defend the euro "is a necessary but not sufficient" to resolve the debt crisis and, with them, what does the ECB is "buy time", although the institution, by itself, will not suffice as a solution.
The week was full of quotes presented may shed light on the future evolution of the debt crisis and mired Europe is no stranger to the world. Today, the U.S. Treasury Secretary Tim Geithner will meet with German Finance Minister, Wolfgang Schäuble, and Draghi. Tomorrow, the Italian prime minister, Mario Monti, will be with Schäuble. Monti also visit Madrid on Thursday, where he will seek a common position Rajoy to address the situation.
Many doubts were resolved on Thursday, after the monthly meeting of the Governing Council of the ECB and the press conference will offer Draghi at the end of it. Investors also maintain the expectation of the two-day meeting of the Open Market Committee Federal Reserve, which begins tomorrow. Not ruled out further monetary stimulus measures by the institutions that govern Ben Bernanke, about the fragility of growth in the United States in the form of a third round of purchases of long-term assets (which in English is called quantitative easing ), a new extension of the program to buy long-term debt and short sales of securities (operation twist, designed to lower interest rates more distant maturity) or, following the example of the ECB cut the rate it charges banks for their excess reserves, in order to encourage the placement of such funds in the market and not the Federal Reserve.
The Ibex 35 has opened the session with a fall of 0.1%, but pared losses shortly after and went on a comeback that has led up to 6,763.2 points, or 2.2% above its close on Friday. Around 13.20, the advance is moderated to 1.75%.
The risk premium or extra yield investors demand to 10-year Spanish bond over its German equivalent remains under the soothing effect of the words of Mario Draghi last Thursday and today low of 520 basis points (5.2 percentage points ) following the opening shot up 542 points.
All European stock markets enjoyed a bullish day, with the focus on the meetings this week will keep the bodies responsible for monetary policy in the eurozone and the United States. London gained 0.63% to 13.45 NAS, like Paris. Frankfurt is recorded an increase of 0.97% and 1.93% Milan forward.
The debt auction held today by the Italian Treasury has contributed to the serenity of the day, placing securities for an amount of 5.479 million euros, close to the 5,500 million provided maximum. The five-year bonds have been paid at 5.29%, compared to 5.84% on June 28 and 10-year debt has been paid to 5.96%, compared to 6.19% from the previous auction. Have also been issued securities maturing in November 2015 with a yield of 4.49%. The risk premium has fallen to 446 Italian basis points after the auction, but then went back to 465, having started the day at 455.
Prices for Spanish public debt, however, continue to reflect the loss of confidence in sovereign creditworthiness and bond investors demand to Spanish 10-year profitability still dangerously close to 7%. That level is doubly unacceptable, the interest burden it poses to the public purse and the expulsion of the private sector funding (effect known expression in English as crowding out) since, at least, companies should pay for the the type of loan debt.
The risk premium, a measure of market confidence in the solvency of the Spanish sovereign risk reached on July 25 the 649 basis points, so that bond yields reached 10-year stand at 7.751%. This fueled the fears of Spain ends need outside help to maintain the overall state and regional machinery in addition to the € 100,000 already committed by Europe to clean up the banking sector, which would become the fourth European country, after Ireland, Greece and Portugal to be rescued by the so-called troika: the European Union, the ECB and the International Monetary Fund (IMF).
Last Thursday, ECB President made official what appears to be a turning point in the management of the European debt crisis stating, during Inversment Gobal Conference held in London, a meeting of economic and financial leaders around the world that in the framework of its mandate, the ECB is willing to do "whatever it takes" to protect the euro, "And believe me, will be sufficient," he said Drahi. But he went further to describe the paralysis of the interbank market and pressure on risk premiums, "To the extent that the magnitude of those premiums sovereign hinders the operation of the transmission channel of monetary policy, these fall within our mandate" .
Draghi the back of the common currency has been followed by statements, almost verbatim, spoken from Berlin, Paris and Rome. According to sources cited by Bloomberg, the ECB president's plan would allow the European rescue fund go to the primary market for government debt, while the issuer of euro bonds acquired in the secondary, all backed by additional cuts in the price official money and more long-term loans to banks in the eurozone. The Eurogroup chairman Claude Juncker, has confirmed over the weekend in an interview with German publication Sueddeutsche Zeitung, the European Financial Stability Fund (EFSF), the instrument created in 2010 and will expire next year to leave their permanent place on European Stability Mechanism (MEDE) is working with the ECB on a plan to reduce financing costs in the euro area. The entry into force of MEDE pending the decision of the German Constitutional Court, scheduled for Sept. 12.
Any decision involving the purchase of bonds will have to overcome the resistance of the Bundesbank, which last week reiterated his opposition to the ECB to buy sovereign debt more. Draghi was scheduled to have contacts with the German central bank president, Jens Weidmann. The credit rating agency Moody's has moderated today the enthusiasm generated in the markets pro statements Draghi and points in its weekly report on prospects of credit, the commitment to defend the euro "is a necessary but not sufficient" to resolve the debt crisis and, with them, what does the ECB is "buy time", although the institution, by itself, will not suffice as a solution.
The week was full of quotes presented may shed light on the future evolution of the debt crisis and mired Europe is no stranger to the world. Today, the U.S. Treasury Secretary Tim Geithner will meet with German Finance Minister, Wolfgang Schäuble, and Draghi. Tomorrow, the Italian prime minister, Mario Monti, will be with Schäuble. Monti also visit Madrid on Thursday, where he will seek a common position Rajoy to address the situation.
Many doubts were resolved on Thursday, after the monthly meeting of the Governing Council of the ECB and the press conference will offer Draghi at the end of it. Investors also maintain the expectation of the two-day meeting of the Open Market Committee Federal Reserve, which begins tomorrow. Not ruled out further monetary stimulus measures by the institutions that govern Ben Bernanke, about the fragility of growth in the United States in the form of a third round of purchases of long-term assets (which in English is called quantitative easing ), a new extension of the program to buy long-term debt and short sales of securities (operation twist, designed to lower interest rates more distant maturity) or, following the example of the ECB cut the rate it charges banks for their excess reserves, in order to encourage the placement of such funds in the market and not the Federal Reserve.
株式は、ECBの予想低い信号に2％以上のプレミアムを上昇
ドイツの債券との金利差は525ポイントを下回る
ダウは2.48％の進歩に増加し、6781.6点に触れ
主要市場の進化を参照してください。
ラフォンイザベルマドリード30 JUL 2012 - 16:35 CET
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