スペインの株式市場は0'60%上昇し、スペインの10年国債の金利は+526で6'80%に
La deuda española mejora por la especulación de que el rescate está cerca
Las palabras de Rajoy, que no descarta pedir la ayuda "si es razonable", motiva a los mercados
La prima de riesgo entre los bonos del Tesoro con los alemanes baja 18 puntos, hasta los 525
El Ibex avanza un78%, en línea con el resto de Europa y se sitúa sobre los 7.100 puntos
Consulta la evolución de los principales mercados
Álvaro Romero Madrid 14 AGO 2012 - 18:30 CET
Spanish debt relieved by speculation that the rescue is close
Rajoy's words, would not rule out asking for help "if reasonable" market motivates
The risk premium between Treasury bonds with the Germans down 18 points to the 525
The Dow advanced un78%, in line with the rest of Europe and is situated on the 7,100 points
See the evolution of the main markets
Alvaro Romero Madrid 14 AGO 2012 - 18:30 CET
The insistence of the Prime Minister, Mariano Rajoy, in order not to discard the help of European funds has been well received in markets where the pressure against the country's debt has improved visibly. "If it seems reasonable, we will do the same" as with the banks, said on Tuesday Rajoy from Palma de Mallorca. His words have served investors to reaffirm their view that Spain is getting closer to the rescue, which would allow the European Central Bank (ECB) start buying Spanish debt and keep prices under control.
Immediately after the intervention of the President at 13.30 (CET Spanish), the risk premium, which represents the premium required of Spanish bonds compared to German reference for its stability, the improvement has acelarado accumulated throughout the morning. Thus, this indicator has gone down by about five points to be reduced by up to 18, so that the differential stood at 525 basis points. In the end it closed at 526. This was possible because the yield on the benchmark 10 year Treasury has improved enough to trade down 6.8%. Also bonds have recovered the rest of time.
Bankia has terminated the bump and its shares are up 11% to 1.13 euros per share
Regarding the situation of Italy, which could support to Spain and could also seek help from EU funds, the risk premium has fallen 12 basis points to 437 (4.37 percentage points).
In the stock, the data better than expected growth in Germany, where GDP rose 0.3% in the second quarter, today encouraged shopping in the streets of the Old Continent reference even though it has been confirmed relapse the eurozone, which has closed the same period with an economic contraction of 0.2%. Among the European reference parquet the Spanish Ibex 35 advanced 0.78% and on Wednesday opened in 7,124 points.
The main driver of investment decisions, always anticipating the future awaiting their orders to buy or sell, is the surprise, because the unexpected is forcing them to move. For this reason, the resilience that has shown the European locomotive address the crisis, something that did not have the analysts, who expected a greater slowdown in Germany, has been more influential than the string of negative economic news known in the last hours. These include the deterioration of the whole euro area, which was already discounted in the markets.
more informationSpanish banks in July increased its reliance on credit of the ECBThe eurozone economy looks to the recession in the second quarter
Within the index values, Bankia has stemmed the thud of the last two days, which left a third of its value, and its shares have soared 11%. With this increase, its stock has traded at 1.13 euros. Inditex, meanwhile, has been the value that has declined with a decrease of 1.16% to 85.47 euros per share.
For the rest of European reference Bags, Frankfurt has picked up 0.94%, 0.70% Paris and London 0.56%. Milan, meanwhile, closed with a rise of 0.85%. In currency markets, the euro has remained almost level against the dollar, which at the close in Europe has changed by 1.234 units of the greenback. Before the opening in Europe, Asia stock markets have ended the day with gains in all parks, encouraged by expectations of possible support measures by central banks against weakening economy.
On the other references of the day, investors have not paid much attention to economic confidence data in Germany, which has fallen by 5.9 points for the fourth consecutive month, up to -25.5 integers, according to data from the Institute of ZEW economic research. The decline in the indicator shows that the financial market experts expect the economy to cool the next six months and believe that exports could be affected.
Bankia bearish bets is reduced from 1.07% to 0.76%
E. P.
The bearish bets on Bankia have declined since the entry into force of its ban in late July to 10th August from 1.07% to 0.76% of its capital, which amounted to some 18 million euros to the closing price of that session.
For her part, BBVA has been reduced from 0.51% to 0.30% of its capital, equivalent to about 91 million euros. With these percentages, the bench headed by Francisco Gonzalez ranks as the bets that were under the floor of the publicly traded entities. Experts say that these are positions that remain open and entities that have been reported after the veto.
During this period, namely between 27 July and 10 August, Bankia strong stock market subión 74.3% to 1.213 euros per share. On Tuesday, however, traded at 1.13 euros. Meanwhile, BBVA was revalued by 9.5%.
For the rest of entities, short sales remain at 0.85% stake in Santander, or about 444 million at Friday's close. About the People there is a position of 5.96%, while against Bankinter arrive at 6.16%, which makes it the more pressure the Ibex. Banesto, these operations are maintained at 0.53%, while in Sabadell remain at 3.08%.
Short sales involve borrowing a stock to sell and then repurchase them at a lower price on the market, so the intermediary pockets the difference. That is, the borrower is confident that the value paid acquires describe a downward trend until the time when the deadline agreed to return.
Also, while frightening, the resurgence of the recession in Portugal has not conditioned to investors. Luso GDP fell 1.2% in the second quarter versus the first, when it fell in just one tenth. The country, which is under an assistance program and subjected to harsh settings, has also seen the deterioration has led to the unemployment rate to make records after reaching 15% in the same period. The deterioration may complicate the aspirations of the Portuguese Government to reduce the deficit.
Without leaving the country facing future or rescued as Spain, could ask for more aid, the German Constitutional Court has given a reassuring message on to announce that it finds no reason to delay its verdict on the European Financial Stability Mechanism ( MEDE). His sentence is key to the fund enters into force, what should have happened as early as July. The resolution of the high court is scheduled for September 12. The MEDE, following the agreements of the last European summit, will provide direct aid to Spanish banks and, if so requested by the Government and accepts the conditions, to buy debt markets to reduce the cost of financing.
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