European markets fall ahead US employment report
Sunday's vote will be vital for European markets
- Brent barrel trades above 53 dollars
Last session of the week in the European exchanges, which face the Italian referendum and that will be a turning point for European policies. In the markets, the falls by 0.7% and is trading around 8,600 points, remaining in the range 8,600-8,700 in which it has been trading in recent weeks.
The Spanish Index, like the rest of European exchanges, is already focused on the Italian referendum, in which not only the future of Italy is played, it will mean a covert referendum on the policies being carried out by the Union European. The rise of populism in Europe is becoming a major concern of investors and a "no" to the reforms of Mateo Renzi would open the door to this type of movements.
On the business front, investors in Spain are centered on Banco Popular, which on Thursday decided to remove Angel Ron after the difficult situation that the bank is going through. The substitute will be Emilio Saracho, an investment banker with whom they intend to restore the confidence of the markets in the entity. The bank's shares fell 6% on Friday and are trading at around 0.88 euros.
In the oil market, the Brent barrel continues its escalation after the agreement of cut of production released by the OPEC and, despite the correction of this Friday, the oil rises already until the 53,5 dollars per barrel.