spanish stocks jump more than 30
Monday 7 July 2025
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Spanish stocks jump more than 3.0 %

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Spanish stocks jump more than 3.0 %

Madrid - AFP

Spanish stocks continued to push higher on Monday, jumping more than 3.0 percent on belated market optimism over the eurozone debt crisis. Madrid\'s IBEX-35 index of leading stocks added 3.69 percent to 7,005.30 points after closing with a gain of 6.0 percent on Friday, with banking stocks driving the increase. \"The main reason for this strong rise are purchases of two-year (Spanish) debt on the secondary market which have pushed two-year Spanish bond yields to their lowest level in three months,\" said Soledad Pellon, an analyst at the IG Markets brokerage. \"Apparently information has been leaked that the European rescue fund could intervene in this market and the banks have gotten ahead of the action\" and are buying debt, she added. European Central Bank head Mario Draghi said Thursday the central bank could intervene directly in the bond markets and for as long as needed, but that it was contingent on governments agreeing to financial bailout conditions. Draghi also said the ECB might consider additional measures to calm markets which have driven borrowing costs for Italy and Spain back near to levels that forced Greece, Ireland and Portugal to seek massive bailouts. On Friday, Spanish Prime Minister Mariano Rajoy left the door open to the possibility that Madrid would ask for financial aid, saying he would decide once the ECB outlined its measures to tackle the eurozone debt crisis. \"In short, it seems likely that Spain will apply for and receive support from both the EFSF and ECB in time, but the funds that are currently available are unlikely to be enough to solve the country\'s problems,\" said Jennifer McKeown, an economist at Capital Economics. \"Meeting Spain\'s financing needs until the end of 2013 would cost about 200 billion euros and doing so until end-2014 would raise that to 300 billion euros. The EFSF and ECB together might just about manage this,\" she added. Meanwhile, trading on the Spanish stock market was also suspended on Monday for several hours due to a techical problem.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spanish stocks jump more than 30 spanish stocks jump more than 30

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spanish stocks jump more than 30 spanish stocks jump more than 30

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 05:17 2024 Wednesday ,07 February

Amazon to open first cashierless shop

GMT 11:14 2017 Saturday ,22 July

Smiley face found on ancient pot in Turkey

GMT 00:49 2017 Friday ,13 January

Meet Cats choreographer Gillian Lynne

GMT 09:57 2016 Tuesday ,08 November

Marks and Spencer: To shut 100 stores in overhaul

GMT 06:37 2012 Wednesday ,21 March

Toxins found in cheap jewellery

GMT 10:30 2015 Monday ,02 March

Designer to the stars dresses disabled catwalk

GMT 08:57 2017 Wednesday ,10 May

Counter terrorism strategies should be compliant

GMT 20:48 2017 Wednesday ,22 March

Sisi reiterates Egypt's support for Lebanon

GMT 06:59 2017 Sunday ,22 October

Philippines' Duterte says he will shoot criminals

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 09:36 2018 Wednesday ,10 January

Iran investigates death of young man in custody

GMT 08:51 2017 Tuesday ,15 August

HAAD implements next stage of healthcare reforms

GMT 20:22 2017 Monday ,27 November

Army attacks Saudi-paid mercenaries’ sites in Marib

GMT 08:56 2017 Thursday ,13 July

Reasons of price increase of services

GMT 08:13 2017 Sunday ,13 August

Abdul Hussain Abdul Redha passes away
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice