スペインの株式市場は1'46%から0'73%上昇し、スペインの10年国債の金利は+547から+517で6'50%?に
La prima baja de 520 puntos ante la expectativa de una intervención del BCE
El diferencial con el bono alemán cede a 517 puntos
El Ibex modera su avance y cierra en 7.488,2 puntos, con un alza del 0,73%
El tipo de la deuda a dos años se relaja hasta niveles de mayo
Evolución en directo de los principales mercados
Isabel Lafont Madrid 4 SEP 2012 - 17:52 CET
The low premium of 520 points in anticipation of an intervention by the ECB
The spread with German bond yields to 517 points
The Ibex moderates its advance to close at 7488.2 points, up 0.73%
The type of debt in two years relaxes to May levels
Evolution live in major markets
Lafont Isabel Madrid 4 SEP 2012 - 17:52 CET
Spanish markets remained cautious optimism today, at the prospect that next Thursday the European Central Bank (ECB) will launch the announced program to buy sovereign debt in the short term. The day was marked by intense schedule of meetings between European leaders, engaged in a race against time to save the eurozone from its fragmentation.
The president of the European Union, Herman Van Rompuy today has traveled to Berlin to meet with German Chancellor Angela Merkel, while Italian Prime Minister, Mario Monti, Rome has received French President François Hollande.
The Dow started the day with an advance of 0.28% and has been extended forward to touch up at 7,542.8 points, up 1.46%. At the end of the session moderated this upwards to 0.73% and stood at 7488.2 points. The Spanish risk premium, excess return that investors demand to the U.S. 10 years for the Germans, who are considered risk-free investment, has come to fall to 516 points to reach closure in 517 basis points (5, 17 percentage points), after finishing yesterday at 547. The differential Italian has given up 424 points, 10 below its previous close, to finish at 427.
The Global Exchange, however, have retreated, after knowing that industrial activity in the U.S. fell in August for the third consecutive month, according to the latest reading reflects the ISM index of purchasing managers. London has fallen by 1.53%% 1.42% Paris, Frankfurt and Milan 1.06% 0.29%.
On Wall Street, the Dow Jones lost 0.72%, Standard & Poor's 0.48% and the Nasdaq 0.7% in early afternoon trading.
In the minds of economists, investors and politicians are the plans of the European Central Bank (ECB) to intervene by buying bonds of countries under increased pressure in the eurozone, Spain and Italy, announced on 2 August by the President of The institution Mario Draghi.
This measure, which has the strong opposition of Germany, personified by the Bundesbank President Jens Weidmann, Draghi was defended yesterday during a hearing in the European Parliament. Responsible for the formulation of monetary policy in the eurozone said the ECB could buy bonds with maturities of two to three years and stressed that such operations would not constitute a breach of European Union treaties.
The Spanish Treasury seems to have taken note and, confident of that intervention, today announced that on Thursday will auction securities maturing in 2014, 2015 and 2016, the time just seems willing to buy the issuer of the euro.
Also in anticipation of this movement, the yields on Spanish and Italian debt two years are now experiencing sharp declines. For the first, investors in the secondary today demanded a yield dropped to 3.074%, which returns to levels not played since last April, after finishing yesterday at 3.509%. On July 25, this period reached 7.147% crazy. A four-year Spanish debt has fallen to 4.49% today after closing yesterday at 5% (on 25 July also marked a record high at 7.375%), record that last touched in May.
In the case of Italian titles, profitability has given two years to 2.369%, a level not touched since March.
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