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スペインの株式市場は、5'44%の急落したが、終盤に1'1%の下落に留まる、スペインの10年国債の金利は+642で7'547%?から、+631の7'437%?に(おろかな欧州中央銀行総裁がスペインとイタリアの国債を買わないと言ったので、異常高値)
El Ibex frena las pérdidas al cierre pero la prima de riesgo se mantiene en máximos
El diferencial con el bono alemán marca un récord histórico en 642 puntos básicos
El abanico de temores de los inversores va desde el rescate a la quita o el impago
La prohibición de las operaciones en corto resucita a la banca y frena las pérdidas en la Bolsa
El euro marca mínimos frente al dólar desde octubre de 2010 en 1,20 unidades del 'billete verde'
Archivado en:
- Crisis deuda europea
- Prima de riesgo
- Deuda autonómica
- Deuda pública
- Crisis financiera
- Financiación déficit
- Finanzas autonómicas
- Déficit público
- España
- Mercados financieros
- Finanzas públicas
- Finanzas
- Economía
The Ibex slows losses at the end but the risk premium remains at maximum
The spread with German bonds marked a record high of 642 basis points
The range of fears of investors ranging from rescue to remove or unpaid
The prohibition of transactions in the bank raises short and slows losses in the stock
The minimum mark euro against the dollar since October 2010 at 1.20 units of the 'greenback'
So have closed European markets
The Country Madrid 23 JUL 2012 - 17:58 CET
The spread with German bonds marked a record high of 642 basis points
The range of fears of investors ranging from rescue to remove or unpaid
The prohibition of transactions in the bank raises short and slows losses in the stock
The minimum mark euro against the dollar since October 2010 at 1.20 units of the 'greenback'
So have closed European markets
The Country Madrid 23 JUL 2012 - 17:58 CET
Not a moment's respite. After the disastrous day on Friday when an improvised but not unexpected demand for ransom in the Valencian Community to open markets triggered the alarm, the pressure against Spain continues and has set new highs due to the uncertainty of whether you need a comprehensive rescue its economy . In the Exchange, the Dow has managed to close with a decrease of 1.1% after arriving to play in intraday trading lows of the past nine years plunging 5.44%. The origin of this improvement has been in a decision by the CNMV to prohibit trading in short, which has risen to the bench, who finished the session in green. The euro has also deepened its lows against the dollar.
With the market doubts about the fourth largest economy of the euro triggered, the premium that investors demand for Spanish bonds to ten years versus the Germans have played on Monday for the first time the euro was the 642 basis points (6.42 percentage points), but finally the day has slowed the advance to the 631 points. The profitability of securities maturing in 2022 has exceeded 7.5%, a level not seen since 1996. On Friday, the country risk ended the week at 610 points. Never since the economic news agency Bloomberg compiles these data, 1993, had passed the barrier of 600 points.
Also, to add more fuel to the fire, Greece, whose situation had happened to the background waiting for the new government was put in place, has returned to capture the attention of investors. The reason they have been rumors that the IMF will leave his fortune to the country, as published this weekend in the German weekly Der Spiegel. Despite denials from both the self-released International Monetary Fund and from the European Commission has confirmed that the next tranche of aid is expected in September, the accumulation of problems facing Athens has raised fears that the country has to abandon the euro. The mission of the troika (EU, IMF and ECB) will arrive tomorrow to Greece to analyze the evolution of his reforms.
For the Government, the situation shows the "irrationality" of markets, as noted by the Minister of Economy, Luis de Guindos, at the beginning of his speech in Congress. "Markets overreact," he added before stressing that in such moments, you have to adjust their swings. Guindos, asked by reporters, he added that "of course" discard a set of state intervention.
more informationDraghi: "We're not solving financial problems"Experts see potential total surrenderFeature: And if this fails, what do we do?
With this scenario of high uncertainty about the future of the eurozone and no news of the ECB, the only one able to stop the bleeding with the launch of the purchase of bonds by the bailout funds, the risk premium Italian has also started the session with strong gains. Sales on the Alpine country's debt led to its differential with Germany to rise by 26 basis points to list on 528, a maximum 24 hit in November. His 10-year debt was at 6.358%. On the other side, Germany has seen the continued rise in demand for its securities reduced the interest on their bonds to 10 years to a record low of 1.127%.
Both Greece and Portugal were forced to seek rescue when risk premiums were below the current level of suffering Spain. In the case of Ireland, the differential was 662 points. However, the yield on its bonds was higher, as more than 8%. This is because the German titles were not as low as now.
The experts consulted by this newspaper seems unlikely in the current situation will not be forced Spain to ask for total surrender to the eventual risk of default. Guindos Minister, after appearing before the committee Monday Economics Congress to explain the bank bailout, will travel tomorrow to Berlin for talks with his German counterpart, Wolfgang Schäuble. The Bank of Spain issued the first preview of GDP in the second quarter, showing a worsening of the recession in a quarter drop of 0.4%, one tenth more than the start of the year. At this point, the forecast of an economy will not grow back to 2014 scared as long as no recovery of activity there will be no money to pay the debt.
The Government takes weeks repeating the 10-year debt above 7% is unsustainable for the country to continue to finance on their own, the key to be doomed to a comprehensive rescue line for Greece, Portugal or Ireland. However, the rise of the questions is also taking its toll on other segments of the role of the state.
Thus, both the two-year bond as due 2015 or 2017 have also played the maximum was 6.744% in the euro, the 7.332% 7.388% and. Italians, however, still remain far from its records. At the same time, the price of insuring against a possible default by Spain (known as CSD) has hit record highs, which proves the thesis that the country is losing the confidence of investors in a rush and that the fear of default is present in the markets. The Treasury, which last week and was forced to pay interest on its debt record in the long term the market will return tomorrow to issue letters to three and six months in a storm with the aim of capturing up to 3,000 million.
In the stock and currency markets have also increased sales of assets related to Spain and the euro during the morning, which has led to the Spanish Ibex 35 fell to a 5.44%-has yielded 6,000 points to touch their lowest level since 2003 at 5,906, while the whole single currency has deepened its lows against the dollar over the past two years (1,208 dollar units). In all other places of reference of the Old Continent only Milan has dropped with the same intensity as the Spanish index, has in fact reached suffer another 5% cut.
But after a few hours warning, both the Dow and the FTSE Mib have discouraged the bump and at the end, have been left by 1.10% and 2.76% respectively. The Spanish stock market regulator's decision and its Italian counterpart to ban gambling in short has been behind this improvement. In fact, banks have managed to turn around and ended up more than 1%.
On the opposite side, the losses have widened as the session progressed in the other European stock markets after the lunch break. Frankfurt has been left at the end was 3.18%, Paris fell 2.89% and 2.09% London. The red lantern of the day was Athens, which has plunged 7.10%. On Wall Street, the red numbers have been declining as the end approached in Europe, which has been the trigger for sales across the Atlantic. At the end of the session in the Old Continent, the Dow was down only 1.2% and the Nasdaq 2%. Fruit of uncertainty, the index that measures market volatility has increased by 25% in one day, something not seen since November.
The approval of the Eurogroup of package of up to 100,000 million euros in aid to Spanish banks last Friday has not helped to dispel the uncertainty about the Spanish debt, increased even after learning of the decision of the governments of Valencia and Murcia to ask the adherence to regional liquidity mechanism approved by the Council of Ministers at its meeting on July 13. And may not be the only ones to compel the attendance of a State which, in turn, has had to seek European support to recapitalize their banks.
Meanwhile, the European Central Bank (ECB) also announced that stops accepting for the moment the debt instruments issued or fully guaranteed by the Greek government as collateral in monetary policy operations of the Eurosystem. In this sense, the words this weekend by the president of the company, Mario Draghi, the role of the issuing authority stating that "the ECB is not to solve the financial problems of the States" have worsened the situation more so . On Monday it was confirmed that the central bank has now 19 weeks without buying debt of the countries under pressure.
With the market doubts about the fourth largest economy of the euro triggered, the premium that investors demand for Spanish bonds to ten years versus the Germans have played on Monday for the first time the euro was the 642 basis points (6.42 percentage points), but finally the day has slowed the advance to the 631 points. The profitability of securities maturing in 2022 has exceeded 7.5%, a level not seen since 1996. On Friday, the country risk ended the week at 610 points. Never since the economic news agency Bloomberg compiles these data, 1993, had passed the barrier of 600 points.
Also, to add more fuel to the fire, Greece, whose situation had happened to the background waiting for the new government was put in place, has returned to capture the attention of investors. The reason they have been rumors that the IMF will leave his fortune to the country, as published this weekend in the German weekly Der Spiegel. Despite denials from both the self-released International Monetary Fund and from the European Commission has confirmed that the next tranche of aid is expected in September, the accumulation of problems facing Athens has raised fears that the country has to abandon the euro. The mission of the troika (EU, IMF and ECB) will arrive tomorrow to Greece to analyze the evolution of his reforms.
For the Government, the situation shows the "irrationality" of markets, as noted by the Minister of Economy, Luis de Guindos, at the beginning of his speech in Congress. "Markets overreact," he added before stressing that in such moments, you have to adjust their swings. Guindos, asked by reporters, he added that "of course" discard a set of state intervention.
more informationDraghi: "We're not solving financial problems"Experts see potential total surrenderFeature: And if this fails, what do we do?
With this scenario of high uncertainty about the future of the eurozone and no news of the ECB, the only one able to stop the bleeding with the launch of the purchase of bonds by the bailout funds, the risk premium Italian has also started the session with strong gains. Sales on the Alpine country's debt led to its differential with Germany to rise by 26 basis points to list on 528, a maximum 24 hit in November. His 10-year debt was at 6.358%. On the other side, Germany has seen the continued rise in demand for its securities reduced the interest on their bonds to 10 years to a record low of 1.127%.
Both Greece and Portugal were forced to seek rescue when risk premiums were below the current level of suffering Spain. In the case of Ireland, the differential was 662 points. However, the yield on its bonds was higher, as more than 8%. This is because the German titles were not as low as now.
The experts consulted by this newspaper seems unlikely in the current situation will not be forced Spain to ask for total surrender to the eventual risk of default. Guindos Minister, after appearing before the committee Monday Economics Congress to explain the bank bailout, will travel tomorrow to Berlin for talks with his German counterpart, Wolfgang Schäuble. The Bank of Spain issued the first preview of GDP in the second quarter, showing a worsening of the recession in a quarter drop of 0.4%, one tenth more than the start of the year. At this point, the forecast of an economy will not grow back to 2014 scared as long as no recovery of activity there will be no money to pay the debt.
The Government takes weeks repeating the 10-year debt above 7% is unsustainable for the country to continue to finance on their own, the key to be doomed to a comprehensive rescue line for Greece, Portugal or Ireland. However, the rise of the questions is also taking its toll on other segments of the role of the state.
Thus, both the two-year bond as due 2015 or 2017 have also played the maximum was 6.744% in the euro, the 7.332% 7.388% and. Italians, however, still remain far from its records. At the same time, the price of insuring against a possible default by Spain (known as CSD) has hit record highs, which proves the thesis that the country is losing the confidence of investors in a rush and that the fear of default is present in the markets. The Treasury, which last week and was forced to pay interest on its debt record in the long term the market will return tomorrow to issue letters to three and six months in a storm with the aim of capturing up to 3,000 million.
In the stock and currency markets have also increased sales of assets related to Spain and the euro during the morning, which has led to the Spanish Ibex 35 fell to a 5.44%-has yielded 6,000 points to touch their lowest level since 2003 at 5,906, while the whole single currency has deepened its lows against the dollar over the past two years (1,208 dollar units). In all other places of reference of the Old Continent only Milan has dropped with the same intensity as the Spanish index, has in fact reached suffer another 5% cut.
But after a few hours warning, both the Dow and the FTSE Mib have discouraged the bump and at the end, have been left by 1.10% and 2.76% respectively. The Spanish stock market regulator's decision and its Italian counterpart to ban gambling in short has been behind this improvement. In fact, banks have managed to turn around and ended up more than 1%.
On the opposite side, the losses have widened as the session progressed in the other European stock markets after the lunch break. Frankfurt has been left at the end was 3.18%, Paris fell 2.89% and 2.09% London. The red lantern of the day was Athens, which has plunged 7.10%. On Wall Street, the red numbers have been declining as the end approached in Europe, which has been the trigger for sales across the Atlantic. At the end of the session in the Old Continent, the Dow was down only 1.2% and the Nasdaq 2%. Fruit of uncertainty, the index that measures market volatility has increased by 25% in one day, something not seen since November.
The approval of the Eurogroup of package of up to 100,000 million euros in aid to Spanish banks last Friday has not helped to dispel the uncertainty about the Spanish debt, increased even after learning of the decision of the governments of Valencia and Murcia to ask the adherence to regional liquidity mechanism approved by the Council of Ministers at its meeting on July 13. And may not be the only ones to compel the attendance of a State which, in turn, has had to seek European support to recapitalize their banks.
Meanwhile, the European Central Bank (ECB) also announced that stops accepting for the moment the debt instruments issued or fully guaranteed by the Greek government as collateral in monetary policy operations of the Eurosystem. In this sense, the words this weekend by the president of the company, Mario Draghi, the role of the issuing authority stating that "the ECB is not to solve the financial problems of the States" have worsened the situation more so . On Monday it was confirmed that the central bank has now 19 weeks without buying debt of the countries under pressure.
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