Week of breather and increases in Stock Exchange

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15-03-2009 | Lluisa Llamero

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The week closed on Friday with his fourth consecutive increases day and the Ibex 35 recovered again 7.000 points that it had lost during last week; in particular it closed 7.427. In the Friday closing day the Ibex a 1,19 % has been revalued, and 7,08 % in the week, an increase that was not happening from the first three days of the year. The recovery of this week does that selective Spanish remains in losses of 19,23 % in what it goes of year. In whole, in the latter five days of market it has gained 7,08 %, the biggest profit give of ends of November, 2008, when the volatile nature was making to register falls and very marked increases.

The makers of the weekly increase have been the banks, authentic indicators of the crisis, with profit that have been from the Santander, 3,14 % and the BBVA of 2,6 %. All the big values, less Repsol, which has fallen down a 1,46 %, have registered increases in a day that has cooled down with the opening of Wall Street and in that the principal index of the bag of Madrid was gaining more than 2,2 % to half a meeting. Some specialists, nevertheless, make sure that the Spanish market remains without tendency and that the information that generates Spain for the safe-conduct of the financial system has economic impact small in contrast to what it happens in the United States.

The international stage threw on Friday an upward day to us in the European Stock Exchanges, which expecto the German, there registered increases cheered up by the positive information of Wall Street that closed his indexes with Dow Jones (+53.92 / +0.75 %) and Nasdaq (+5.4 / +0.38 %). The Stock Exchange of Values of London closed to the rise and his principal index, the FTSE-100, raised a 1,12 % up to 3.753 points. The index DAX 30 of the Stock Exchange of Fráncfort lowered 0,07 %, up to 3.953 points. While, the Stock Exchange of Paris closed with profit and his principal indicator, the CAC-40, it raised 0,42 % to 2.705 units.

The stock-exchange upturn of this week has been led by the banks, as we were saying, especially thanks to the fact that Citigroup and Bank of America announced his return to benefits during the first two months of the year. Also, also the debate has influenced on the elimination of “mark to market”, a countable norm that forces to value at market price the assets that a bank has in his balance. Nevertheless, the IMF warned on the slow banks cleanliness and in Europe the president of the Central Bank, Jean-Claude Trichet, in spite of an initial optimistic speech on good expectations pronounced on Monday, Thursday in his monthly bulletin was discarding a recovery before 2010. The week reached the imprisonment of Bernard Madoff who admitted to be the author of the biggest swindle of the history of the United States.

To read more on: Economic actuality, Stock Exchange
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