スペインの主要株式市場のIbex 35は、2'8%から1'6%減少。スペインの10年国債金利は+304で4´67%から4'6%に。
Las dudas sobre los planes de estímulos devuelven al Ibex a pérdidas anuales
La Bolsa española modera las pérdidas al 1,6% al cierre tras llegar a ceder un 2,8%
La prima de riesgo acaba el día por encima de los 300 puntos básicos
El Banco de Japón secunda al BCE y decepciona a los inversores al no anunciar medidas
El Gobierno alemán afirma que el BCE actúa dentro de su mandato
Consulta la evolución de los principales mercados
Álvaro Romero Madrid 11 JUN 2013 - 18:13 CET
Doubts about stimulus plans to return to annual losses Ibex
The Spanish stock market losses moderated to 1.6% at the end after reaching 2.8% yield
The risk premium on just over 300 basis points
The Bank of Japan seconds ECB and disappointed investors by not announcing measures
The German Government states that the ECB is acting within its mandate
See the evolution of the main markets
Alvaro Romero Madrid 11 JUN 2013 - 18:13 CET
Financial markets, which have registered a peaceful respite in recent months, have suffered on Tuesday by doubts about the stimulus. The possibility that the aid programs of the central banks do not meet expectations investors have placed defensive. The result has been an avalanche of sales, both in the stock and in debt, where the corrective has been extended to the titles of all countries, both in the periphery and the center of Europe and the U.S. both as Japan, which is unusual. In equities, the retreat has dragged the Spanish Ibex 35 annual losses.
After arriving to fall by 2.8% in afternoon trading, the selective Spanish parquet has left 1.6% at closing. After this fall, starring banks and IAG, the Ibex will open on Wednesday at 8,089 points. In the rest of the Old Continent, Frankfurt has finished giving 1% while the Paris CAC has fallen by 1.4% and Milan 1.63%. In London, the FTSE has lost less than 1%. In currencies, the euro has traded for $ 1.31.
moreThe risk premium scale to 316 points after the ECB meetingDraghi holds interest rates at 0.50%Investors curb their appetite for Treasuries Spanish
In the debt has not been good news since the risk premium has risen to 304 basis points (3.04 percentage points), about four more than yesterday. This increase has occurred by increasing the return demanded by investors to buy Treasuries, which rose to 4.6% after touching the 4.76%, its highest level in more than two months, morning. However, the Spanish risk premium has risen so much that the German bond, which is used as a reference to establish the differential, has also suffered from the sales of investors. For this reason, their profitability has advanced to 1.6%, its highest level since February.
Meeting of the Bank of Japan
Doubts have emerged in Asia at dawn after the Bank of Japan has completed its financial policy committee unannounced billionaire news regarding government stimulus plan of Shinzo Abe. The uncertainty has increased in Europe after opening with investors awaiting Karlsruhe, where the Court of Justice is headquartered German. However, do not expect a sharp rejection of the German Constitutional ECB bond buying. Thus, experts assume that will not "insurmountable obstacles", as stated by the Bankinter analysis department. However, they add, it does show some qualms.
"The uncertain market conditions after the disappointment that has caused the Bank of Japan's decision to keep its policy because, in this way, think they can do more to solve problems in the Japanese bond markets," believes Eric Bernhardt, of Umbling AG.
ECB Program
The ECB program, although it has come to be implemented, is behind the improvement in the markets since the aid was announced in August. The truce also has been strengthened in recent months thanks to the stimulus in the U.S. and especially Japan, which has flooded the market liquidity.
The key is that the abundance of money has led investors to put aside the problems of a European economy that continues to suffer from the crisis and fails to start. In fact, one of the main principles repeated in recent weeks has been that when the economy worse is now better, because that will force central banks to continue administering bellows. However, in light of what happened on Tuesday, this maxim is beginning to doubt.
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