Madrid shares AFX at a glance outlook |
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Published
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Mon, 15 Jan 2007 09:00
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MADRID (AFX) - Shares are expected to open higher, buoyed by Wall Street's firm close Friday and gains in Asia overnight, dealers said.Friday, the IBEX-35 index closed 39.4 points higher at 14,368.2, after trading in a range of 14,292-14,373, on volume of 5.9 bln eur.The January future on the IBEX-35 index closed at 14,369, up from 14,327 Thursday, on volume of about 17,398 contracts.FORTHCOMING EVENTSTODAY-Amper EGM to approve up to 17 mln eur capital hike for Landata buy-ACS goes ex-div for 0.40 eur/shr, Acciona for 1.06 eur/shrTODAY'S PRESS-SCH's infrastructure fund chalks up 500 mln eur investment in past 2 yrs (Expansion)-Acerinox to open representational office in India (Expansion)-Sacyr asks Ferrovial, Isolux chairmen to testify in Europistas collusion allegations(Cinco Dias)-Renfe, ACS in jv for railway maritime transport (La Gaceta de los Negocios)-Repsol YPF secures 14-32 pct return on Bolivia investment (El Economista)WEEKEND PRESS-Indra wins 10 mln eur contracts from govt for border security services (weekend edition of El Economista)-Sacyr creates energy division (weekend edition El Economista)-Iberia seeks to speed up wage negotiations with pilots to develop long-haul routes expansion (weekend edition El Economista)-Telefonica to double stake to 64 pct in Morocco's Meditel if Sonae's bid for PT successful (weekend edition of Expansion)LATE CORPORATE NEWS-Acciona denies E.ON accusations of collusion with Gas Natural over EndesaMARKET COMMENT-The broad market is expected to open higher, buoyed by Wall Street's firm close Friday and overnight rises in Asia, although gains could be capped over the session as little fresh direction is expected later in the day with the US markets closed.-On specific stocks, the energy sector will once again grab the limelight this week as the market awaits comments Thursday from sector watchdog CNE on the new draft regulation affecting tariffs for wind energy companies. The CNE is also due to rule on whether ACS' voting rights in Iberdrola will be restricted to 3 pct, given its existing stake in peer Fenosa.A Madrid court is also expected to decide Thursday or Friday on whether to lift the suspension on bids afffecting Endesa.afxmadrid@afxnews.comped/jdy/vlbCOPYRIGHTCopyright 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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Madrid shares AFX at a glance outlook 