スペインの株式市場は0'34%減少し、スペインの10年国債の金利は+370の5'338%から+371の5'344%に下落
La prima de riesgo cae a 371 puntos tras la subasta de bonos y obligaciones
El tipo de los bonos a 10 años desciende hasta el 5,344%
El Ibex cierra con un descenso del 0,34% y se sitúa en 8.100,3 puntos
Evolución en tiempo real de los principales mercados
El País Madrid 18 OCT 2012 - 18:43 CET
The risk premium falls to 371 points after the auction of bonds and notes
The type of 10-year bonds falls to 5.344%
The Dow closed with a decline of 0.34% and stands at 8100.3 points
Real-time evolution of the main markets
The Country Madrid 18 OCT 2012 - 18:43 CET
The markets have started the day with containment, assimilating the optimism of previous days and, above all, the decision of credit rating agency Moody's, which on Tuesday decided not to lower the rating of Spanish sovereign debt. The company justified its decision that assumes that the European Central Bank (ECB) will launch its new program of bond purchases, known as direct monetary operations (OMT). To do this, Spain should request a credit line previously Preventive European Stability Mechanism (ESM) and undergo a compliance-it is understood that further reforms or adjustments, whose definition is still the key to the Spanish government decided to give the step.
The pressure on sovereign debt markets has surged in recent weeks at the prospect that the Spanish government is about to make the formal request that credit line and today has been noted in the auction of three bonds and notes, four and ten years made by the Treasury. Has raised 4614.48 million euros, above the maximum amount provided, with strong demand and lower interest rates than in previous placements to the same deadlines.
The risk premium, excess return that investors demand to Spanish 10-year bonds compared to German, which closed yesterday at 383 basis points, has fallen to 370 points (3.70 percentage points), a level not seen since April. At the end of the session stood at 371. The return that investors demand for Spanish debt to that term in the secondary market (that of the securities traded once issued) has transferred to 5.338%, but later rebounded to 5.344%. The yield on two-year debt, which yesterday closed at 2.777%, closing stood at 2.705%.
The differential Italian, who finished 313 points yesterday, has fallen back to 309 points after the Spanish auction, before rebounding to 313.
Investors in the Spanish stock market, however, decided to make profits seem to do, after advancing 2.37% yesterday scored the Ibex. The indicator, which started the day with a rise of 0.15%, then erased its advance and ended the session at 8100.3 points, with a decline of 0.34%. Mediaset (-3.74%), FCC (-2.85%) and Mapfre (-2.67%) are the values with more losses. IAG (+3,63%), Bankia (+3,39%) and Indra (+2,01%) leading the gains.
The European markets have closed with little variations. London has advanced 0.1%, 0.22% Paris, Frankfurt and Milan 0.58% fell 0.3%.
Now they have known that China's GDP grew by 7.4% in the third quarter versus the same period last year and 2.2% over the second quarter, in line with expectations.
Although the growth of the second Asian economy and recorded its seventh straight quarterly slowdown in annual terms, have also been known figures reflecting some recovery at the end of last quarter: the industrial production increased 9.2% in September, sales retailers increased by 14.2% that month and fixed asset investment rose 20.5% in the first nine months of the year.
Also at the Summit of Heads of State and Government of the European Union, which begins today in Brussels. Although Spanish aid request will not be formally discussed, dominate the climate of a meeting that will also discuss the postponement of the 2014 union bank expected and the effects this will have on the direct recapitalization of Spanish banks European funds, a battle that the Spanish government is waging to avoid overloading their already pitiful ratio of public debt to GDP.
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