US employment news stimulates rise in Spain's IBEX-35 stock market

Source: Xinhua| 2017-08-05 04:48:56|Editor: yan
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MADRID, Aug. 4 (Xinhua) -- The positive data on unemployment in the United States which confirmed the creation of 183,000 new jobs and the reduction of the unemployment rate from 4.4 percent to 4.3 percent, provided a stimulus to the Spanish Ibex-35 stock exchange, allowing it to close the week on a positive note on Friday.

The Ibex began Friday's trading after a quiet week on the market on 10,549.10 points and closed on 10,660.90, a rise of 1.09 percent for the day.

Every one of the companies trading on the Ibex saw their share prices rise with Siemens Gamesa (4.75 percent), Tecnicas Reunidas (3.59 percent) and Telefonica (2.29 percent) the biggest climbers.

Meanwhile the banks, BBVA and Caixabank, were among the companies whose shares showed the slowest growths, with increases of 0.20 percent and 0.50 percent respectively.

The day's trading means that the Ibex-35 ended August with gains on 13.99 percent on the year as a whole, while the Spanish Risk Premium closed the week on 100.2 points after remaining unchanged during the day and interest on the 10-year bond stood at 1.47 percent.

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