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The Spanish stock market closes in positive while waiting for the Fed

Apr 26 (Reuters) – The Spanish Ibex-35 index closed in positive territory on Monday, as the market awaits the meeting of the Federal Reserve and while coronavirus cases grow in India, Germany and other countries.

In the midst of corporate earnings season, investors are watching the Fed’s two-day meeting, which begins Tuesday, in search of readings on the future of the first global economy after the Euroepo Central Bank settled the bloc’s monetary policy. until June.

The values ​​related to tourism rebounded, since in Spain hopes of a return to activity are emerging thanks to a national vaccination objective that provides for the immunization of 70% of the population by July.

To this is added the fact that the EU will authorize tourism in the block to people who have been vaccinated, which should contribute to an improvement in the values ​​of the sector in the near future.

In this context, the Ibex-35 closed with an increase of 83.30 points on Monday, 0.97%, to 8,701.90 points, while the index of large European stocks FTSE Eurofirst 300 rose 0.23%.

The banking sector drove the index. Santander rose 2.35%, BBVA scored 3.36%, Caixabank advanced 2.08%, Sabadell gained 2.70%, and Bankinter revalued 2.71%.

In tourism and travel, the Anglo-Spanish airline holding company IAG led with an increase of 3.93%, while the airport manager AENA gained 2.43%, the Anglo-Spanish airline holding company IAG gained 3.93%, the group Amadeus flight bookings increased by 1.98% and the hotel company Meliá recorded 2.22% thanks to the prospects for a forthcoming recovery.

The red lantern went to the group specialized in automotive parts CIE, which was left 3.25% after, according to Cinco Días, Iberdrola and Endesa have asked to ban the sale of diesel cars in 2035.

Outside the Ibex, Duro Felguera raised a rise of 5.643% after announcing that he has agreed together with Romgaz to give himself 15 days to try to find an amicable solution to their contractual conflict in Romania.

(Information from Michael Susin and Flora Gómez. Edited by Janisse Huambachano)

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