SCOREBOARD: Spanish sting

Markets softened after Spain announced a return to recession, which was really no surprise at all.

It was in the equity space that the offer was put on and the major European indices were down 0.6 per cent on the Dax, 1.6 per cent on the CaC and 0.7 per cent on the FTSE. Across the sea on Wall Street, it was a similar story although magnitudes were better. The S&P500 was pretty much offered from the open, spent much of the session bouncing around not doing much, before a late rally developed into the close. At that point the S&P was down 0.4 per cent (1397) with tech, industrials and financials weighing most heavy, although telecoms, energy and utilities rose. It’s interesting to note that gains in energy stocks occurred even with a fall in crude – WTI was down 0.1 per cent ($104.8), Brent down 0.5 per cent to $119.2.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles