The stock market wants elections in Catalonia. At least that is what has transmitted Ibex 35, main selective of Spanish market. In morning he recorded slight losses. Nothing more to know news that point to President of Catalan government, Carles Puigdemont, was going to appear, possibly announcing call of elections autonomic in December, selective index has been put in positive. Has started to climb: first 1.3%. Then 1.7%. And just as it was scheduled to speak Puigdemont, even more 2.5%. Finally president has suspended his appearance and hike has been reduced to 1.8% again.Click on picture to follow price of Ibex 35
The values that most benefits are picking up with that possible change of scenery are financiers, with all banking registering raises. Banco Sabadell after two in afternoon rose 5.19%. They follow in sector Santander (3.5%), CaixaBank (3.22%), BBVA (2.74%), Bankia (2%) and Bankinter (1.45%). Mapfre (5.56%) and Siemens Gamesa (4.66%) are also shot. Colonial (anor of values punished days ago by its exposure to Catalonia), raises 4%; Electric and tourism-related companies also rise.
The day began loose in bag, with slight falls. The Ibex woke up at 10,140 points and after a ailing morning, at 12, it began to climb. The joy of investors coincided with information that, after a long meeting last night and anor one this morning between members of Catalan government, president was going to appear and prepared to convene an autonomous elections. The news opened possibility that crisis would reduce its intensity and an alternative exit to application of article 155 of Constitution by independentist challenge is looming.
With sudden rise of midday, Spanish parquet becomes most growing this Thursday. Frankfurt, Paris, London, Lisbon and Amsterdam rise slightly (all below 0.5%).
The risk premium, differential between Spanish debt to 10 years and German considered safest, also relaxes more than four points, and is located at 112 integers.