Madrid shares AFX at a glance outlook |
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Published
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Thu, 15 Feb 2007 09:03
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MADRID (AFX) - Shares are expected to open a touch firmer after Wall Street's overnight rise, although some profit-taking could set in over the morning as the market tests the key 15,000 level on the IBEX-35, dealers said.Yesterday, the IBEX-35 index closed up 81.1 points at 14,905.7, after trading in a range of 14,815-14,910, on volume of 4.6 bln eur.FORTHCOMING EVENTSTODAY-3 GSM World Congress 2007, Barcelona (last day)-Prisa FY results after market close. Net profit forecast: 106-172 mln eur vs 152 mln-Announcement on candidates pre-selected for M-30 Montreal highway concession. Ferrovial, Acciona and ACS all competing.TOMORROW-IBEX-35 Feb future expiryTODAY'S PRESS-Spain energy watchdog approves govt plan for renewable energy, recommends modifications (El Economista)-Colonial's Portillo says FCC stake a long term financial investment (El Mundo)-Sonatrach prepared to cede 10 pct of Medgaz to Gas Natural (El Pais)-BBVA and Inditex's Ortega in joint 700 mln eur bid for Occidental Hoteles (Expansion)-Ferrovial, Globalia studying bids for Acciona airports unit (El Economista, Cinco Dias)-Iberdrola lobbys CNE to block ACS voting rights request (Cinco Dias)-Telefonica to receive 110 mln eur for CANTV stake as part of nationalisation plan(Cinco Dias)-Repsol YPF to invest 2.1 bln eur in Cartagena refinery (Expansion)-Antena 3, ONO sign accord to offer pay per view television (La Gaceta de los Negocios)LATE CORPORATE NEWS-Banco Popular target price upped to 15.50 eur/shr from 14 at UBS-Reyal, Urbis to merge via 13-for-5 share swap-Sogecable sees 2007 paid-TV programming costs' increase below 2006 6.5 pct rise-STOCKWATCH Gamesa upgraded to 'buy' from 'hold' at Citigroup on sector catch-up potential-INTERVIEW Yoigo sees 9 out of every 10 calls made from mobile phone by 2010MARKET COMMENT-The broad market is expected to open firmer on Wall Street's rise, but profit-taking could set in over the morning as the IBEX-35 index tests the key 15,000 level.afxmadrid@afxnews.comcve/ccs/jsa/jdy/jdy/jlcCOPYRIGHTCopyright 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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