Ibex seeks to 'shore up' the 9,400 points

European stocks are on the rise on Wednesday, after UK Prime Minister, Theresa May, added some clarity on the way of leaving the European Union. Ibex is 0.2% up and remains above 9,400.

In the Spanish market, Banco Popular continues in the focus of investors. Since the confirmation of Emilio Saracho as a relief in the presidency of Angel Ron, volatility has taken over the entity, which this Wednesday corrects 2% after rising 6.65% in the last session. Another hot value is IAG. British airline owner Iberia was the second best performer on the last day, taking advantage of the rebound of the pound, although that session also cut 1.27%.

At the international level, British Prime Minister, Theresa May, confirmed on Tuesday what the market expected, a 'hard Brexit' scenario. UK will control its own laws and also its borders. May also said that although they will leave the single market, they will work on an ambitious trade agreement with the European Union and with other countries. These words reassured the market, which bounced timidly the appearance of the prime minister.