Madrid shares AFX at a glance outlook |
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Published
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Fri, 12 Jan 2007 08:42
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MADRID (AFX) - Shares are expected to open higher after a record close on Wall Street overnight and positive sentiment after upbeat comments from European Central Bank head Jean-Claude Trichet on the Eurozone economy yesterday, dealers said.Yesterday, the IBEX-35 index closed 212.7 points higher at 14,328.8, after trading in a range of 14,105-14,328 on volume of 5.9 bln eur.The January future on the IBEX-35 index closed at 14,327, down from 14,095 Wednesday on volume of about 20,813 contracts.FORTHCOMING EVENTSTODAY-Spain Dec final CPI/HICP-Banco Popular to pay gross interim dividend 0.103 eur/shrTODAY'S PRESS-ACS' Dragados unit wins 24.5 mln eur Madrid airport car park reconstruction contract (Cinco Dias)-Gas Natural seeks ways to delay Endesa bid process (Negocio)-Telefonica holds key to Sonae bid for Portugal Telecom (Expansion)-Inditex eyes some US Gap stores (La Gaceta de los Negocios P23)-Air Madrid could face suit for falsifying documents (La Gaceta de los Negocios P23)-E.ON says Fadesa's Jove bought 4 pct of Endesa in accord with Acciona (La Gaceta de los Negocios)LATE CORPORATE NEWS-Madrid court to rule on Gas Natural bid for Endesa 'next week'-E.ON seeks probe on possible Acciona, Gas Natural collusion on Endesa-Iberia reduces basic commission to travel agents to 0.4 pct from 1.0 pct-Iberia Dec passenger traffic up 4.1 pct to 2.06 mln vs yr-earlier-E.ON seeks probe on possible Acciona, Gas Natural collusion on EndesaMARKET COMMENT-The broad market is expected to open higher, continuing their recovery after a record close on Wall Street and positive outlook for the European economy.-The players in the Endesa saga will be in focus after news E.ON has asked stock market regulator the CNMV to investigate possible collusion between Acciona and Gas Natural.-Acerinox is expected to come under pressure after Goldman Sachs downgraded the stock to 'sell' from 'neutral' citing concerns about the outlook for steel prices in 2007.afxmadrid@afxnews.comped/jdy/jsa/cve/cve/jfrCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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