The Spanish Stock Exchange rises 0.54% due to lower political and financial tension By EFE

© Reuters. The Spanish Stock Exchange rises 0.54% due to lower political and financial tension

Madrid, Sep 4 (.) .- The Spanish Stock Exchange has risen on Wednesday 0.54% driven by international markets by relaxing some of the political and financial tensions affecting the parquet, according to experts consulted and market data.

Thus, with the risk premium at 82 basis points at closing and the profitability of the Spanish long-term debt at 0.15%, the national market benchmark, the, gained 47.4 points, 0.54 %, up to 8,856.6 points. The annual increase increases to 3.71%.

In Europe, with the euro at this time at $ 1,102, Milan rose 1.58%; Paris 1.21%; Frankfurt 0.96% and London 0.59%.

The 1.1% fall in Wall Street on Tuesday did not prevent the Spanish Stock Exchange from starting the day with considerable gains due to the news about the "brexit" and the advance of Asian squares.

The agreement adopted on Tuesday by the British parliament to curb a hard "brexit" and extend until January 31 the date of departure from the United Kingdom (this can be truncated if the elections are anticipated or if the House of Lords rejects it) , together with the decision of the Hong Kong authorities to withdraw the extradition project to China, encouraged the initial rise.

Hong Kong ended the session with a rise of 3.9%, while the CSI 300 advanced 0.85% and Tokyo 0.12%.

In addition, the price of the pound was recovered (it would rise to 1.22 dollars), the oil rose (the price of the barrel would rise in the afternoon to more than 60.7 dollars) and there was a diversion of funds from the debt towards the variable income (the yield on Spanish ten-year bonds reached 0.11% from yesterday's close to 0.17%).

The national stock market momentarily exceeded 8,900 points, a level that had lost sight of last August 9 due to the government crisis in Italy.

The formation of the new executive in this country by the coalition formed by the Democratic Party and the M5S collaborated in the stock market advance.

The national parquet collided with that level and would reduce its profits despite having other supports.

Among these, the one of the next president of the European Central Bank (ECB), Christine Lagarde, was prepared to continue for a longer time with the monetary stimuli for the situation of the European economy and the challenges she faces.

In addition, Wall Street opened with profits close to 1% and markets in Argentina also recovered after the fall of the day before (the Buenos Aires stock market fell 11%), but the result of the national stock market was weighed down by some of the great values.

The rise of the pound due to the possibility of a "hard brexit", the withdrawal of the extradition law in Hong Kong or sales in the debt market and the recovery of oil, encouraged stock market advancement.

Of the great values ​​they only fell Iberdrola (MC :), 0.29%, the Inditex (MC :), 0.25%. Repsol (MC 🙂 1.88%, while Telefónica rose 1.02%; BBVA (MC 🙂 0.63% and Santander Bank (MC 🙂 0.25%.

Although US President Donald Trump continued to threaten new tariffs on China, ArcelorMittal commanded the IBEX rises with a 6.02% rise, while Cie Automotive gained 4.27%; Acerinox 2.65% and IAG (LON 🙂 1.93%.

Only five IBEX values ​​fell: Grifols 0.56%, followed by Ferrovial, with a decrease of 0.34% and Iberdrola, while Red Eléctrica fell 0.27% and Inditex took the last position.

In the continuous market, where almost 1,200 million euros were exchanged, the increase of 51.27% of Gam stood out, while Service Point Solutions fell 3.49%.