Banks push up Ibex
Europe is fully open again, while Asia, with Japan still closed, reopened with rises
After the good start of the year, Ibex is trying to continue rising on Tuesday (+ 0.3%). Europe is fully open again, while Asia, with Japan still closed, reopened with rises (in China, the manufacturing PMI has come out better than expected).
The holiday season is ending in much of the world, but, in Spain, the celebrations will continue until Friday, with the traditional day of the Three Kings. For this reason, the activity could be lower than usual this week.
Investors are still looking at banks. This Monday Banco Popular closed as the best value of Ibex (+3.27%) despite the fact that there are still many doubts about the entity. The Financial Times experts, in their forecasts for this year, have warned that another big bank could be rescued and have pointed to Popular as one of the most vulnerable.
All this without forgetting the Italian banks. On Monday, the Ftse MIB index led the increases in Europe. This 2017 will be marked by the rescue of Monte dei Paschi as the entity will issue throughout this year 15,000 million euros in debt to restore liquidity and improve investor confidence.