スペインの主要株式市場のIBEX35は、1'6%上昇し、今週では2'9%上昇し、スペインの10年国債金利は+280で4´01%に。
Los mercados prorrogan el optimismo gracias al BCE y al empleo en EE UU
El español Ibex 35 sube un 1,6% y cierra la semana con un avance del 2,9%
La prima se estabiliza por debajo de los 300 puntos y cae a 280, su mejor nivel desde 2011
El interés del bono español a 10 años llega a caer del 4% por primera vez en casi tres años
Draghi baja tipos de interés y aplaza las medidas para el crédito
El País Madrid 3 MAY 2013 - 17:50 CET
The markets extended the optimism thanks to the ECB and employment in the U.S.
The Spanish Ibex 35 rose by 1.6% and closed the week with an increase of 2.9%
The premium is stabilized below 300 points and falls to 280, its highest level since 2011
The interest of the Spanish 10-year bond falls over 4% for the first time in nearly three years
Draghi low interest rates and postponed the measures for credit
The Country Madrid 3 MAY 2013 - 17:50 CET
The optimistic tone, broadly cross markets in recent weeks in the heat of the decisions of central banks has been extended on Friday. With this improvement, which yesterday received a boost from the hand of the ECB and the reduction in interest rates, the risk premium of Spain has come to fall from 280 basis points for the first time since August 2011. The profitability of the debt was below 4%, which did not happen in nearly three years, and the Spanish stock finished the day and week with a rise of 1.6%.
With Wall Street in sharp rise after jobs data published in the U.S., which has been higher than expected, the selective Spanish parquet, the Ibex 35 has accelerated its rise. At the end, has advanced 1.6% to 8,544 points open Monday. In the rest of Europe, Milan has advanced 1%, Paris, Frankfurt 1.4% and 2%.
moreGermany receives a cautious interest rate cutThe lack of new stimulus contains the joy in the markets
In debt, the risk premium, which is the premium demanded Spanish debt against German closed in 280 basis points, eight less than the day before and the lowest level since mid-August 2011. The decline has been possible because the return on 10-year debt has fallen 4% for the first time since October 2010, but has ended up closing at 4.01%, in line with Thursday. While the profitability of its German counterpart has picked up to 1.2% after hitting lows Thursday. In the stock also dominated the climbs.
"At the moment, it seems that the decision of the ECB is sitting well with the markets, but more help would have helped more specificity in their loan recovery plan," said Victoria Tower, Self Analysis Responsible Bank. At its opinion, "it seems that the market returns to choose to give more weight to the good news to the poor." However, it remains skeptical about improvements that do not match the reality of an economy still in recession.
The recovery of peripheral debt, especially by the Spanish, where the oscillations are stronger than in the rest of the smaller number of titles that are in circulation, is explained by the abundance of money in the markets. This environment of excess liquidity and low interest rates leads investors to look for those with a higher return assets, such as bonds from Spain and Italy, which at the same time have the safety net of the ECB plan.
Indeed, the debt of these two countries is experiencing a phase of calm in the markets since the summer, when the ECB announced the bond purchase program for countries asked the rescue. This Friday, the risk premium of Italy also managed to lose in the first moments of the session after the caution that showed the previous day. So, has fallen to 257 basis points, two less. In her case it was remarkable that the profitability of its two-year debt has traded below 1%.
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