Perspectives on the Spanish economy to be paid for the stock market
The European Commission forecasts for Spain, the corporate results of the day and the devaluation of the euro have led to India to lead the declines in European parks. The index closed with a fall of 1.25% to 10,356 integers. For the week has accumulated a loss of 2%.
The Stock Exchange has not received kindly Brussels forecasts to ensure that Spain will not meet the deficit targets and not grow as forecast by the government . Specifically, the Commission considers that Spanish GDP will grow 0.8% this year while the Government has ensured that growth would be 1.3%.
Oscar Moreno, an analyst at Renta 4, which also highlights the fact that "the IMF will put you in the spotlight brings you that we have a situation of the stock a bit complicated" . The analyst refers to the comparison that the International Monetary Fund has made in Spain with regard to economies rescued, Portugal, Greece and Ireland.
Notices by the European Union have led to India to be the worst day of the European index. The Eurostoxx closed with a fall of 0.79%, London has made a 0.32%, Paris has fallen by 0.11% and Germany ended with a drop of 0.55%. On the side of the euro, the currency continues to lose weight against the dollar to stand at least for six weeks.
European falls have occurred following statements by the European Central Bank President Jean-Claude Trichet, who said that "democracies do not allow" rescue again on the bench.
The corporate results have not helped to improve the pace of the Stock Exchange during the day. Between the values of India has highlighted the poor performance of techniques together (-3.19%) has presented worse results than expected and fall of Telefónica (-0.77%) whose results tamopoco have been well received by investors.
Oscar Moreno believes that "the results of Telefónica has been good at European level but still at the expense of a possible recovery in Spain, something that weighs on him every day" .
On the Technical side Reunidas this analyst believes that "the results have been neutral" and that the company has done much better than its main competitor in Italy. Despite this point investors have punished Technical Reunidas has been the value that has fallen from Ibex.
The Stock Exchange has not received kindly Brussels forecasts to ensure that Spain will not meet the deficit targets and not grow as forecast by the government . Specifically, the Commission considers that Spanish GDP will grow 0.8% this year while the Government has ensured that growth would be 1.3%.
Oscar Moreno, an analyst at Renta 4, which also highlights the fact that "the IMF will put you in the spotlight brings you that we have a situation of the stock a bit complicated" . The analyst refers to the comparison that the International Monetary Fund has made in Spain with regard to economies rescued, Portugal, Greece and Ireland.
Notices by the European Union have led to India to be the worst day of the European index. The Eurostoxx closed with a fall of 0.79%, London has made a 0.32%, Paris has fallen by 0.11% and Germany ended with a drop of 0.55%. On the side of the euro, the currency continues to lose weight against the dollar to stand at least for six weeks.
European falls have occurred following statements by the European Central Bank President Jean-Claude Trichet, who said that "democracies do not allow" rescue again on the bench.
The corporate results have not helped to improve the pace of the Stock Exchange during the day. Between the values of India has highlighted the poor performance of techniques together (-3.19%) has presented worse results than expected and fall of Telefónica (-0.77%) whose results tamopoco have been well received by investors.
Oscar Moreno believes that "the results of Telefónica has been good at European level but still at the expense of a possible recovery in Spain, something that weighs on him every day" .
On the Technical side Reunidas this analyst believes that "the results have been neutral" and that the company has done much better than its main competitor in Italy. Despite this point investors have punished Technical Reunidas has been the value that has fallen from Ibex.
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