After the rescue, restructuring

Spain was thought safe, but today it seems that ceased to be. The risk premium espaola debt rose ten basis points, from 179 to 189 points and all are due to increased interest to invest in bonds required Spaniards: increased profitability 5.23% to 5.32%, while German bonds remained at around 3.43%.
Possibly, China meti some noise in the market, deny their intention, eve isk for sale, to invest in precisely the Spaniards boxes given in the Bank of Spain shall deliver its opinion on his plans.
Perhaps it was this which made it the contention so badly dam built to stop the spread of the debt crisis will crack. Spain does not enjoy immunity from the outbreak of new fears of a possible restructuring of, wow power leveling, the debt of Greece and Portugal. The Commissioner of the Economic Affairs of the European Union, Olli Renhe says a restructuring of debt in the euro area may cause a chain reaction in the banking sector. In this regard, said that for Greece the debt restructuring is not an option.
At least, Rehn did not put into topics about the survival of the euro, World of Warcraft gold, but also ensures that share the currency is part of the solution. Although the euro exchange rate-DLAR s there was some volatility: the morning after overcoming the barrier of 1.45 dollars, fell to 1.4360 in the medium gives, to return to close to 1.45 at the close of the session. Rehn statements join the Finance Minister Aleman, Wolfgang Schaeuble, who said in an interview in the local press that will have to deal with the debt restructuring.
All this causes things cmulo debts of Greece and Portugal are particularly affected. In Greece, the interest on the bonds to ten years exceeded 13% for the first time since at least 1998. Meanwhile, the debt interest lusa to the same period rose to 8.89%, the highest level since 1997 ms, while bond yields to two years advanced to the 9, 33%.
Ireland was not spared the increase in the risk premium, although Fitch reaffirmed its BBB + credit califications. But the market also received bad news from you: the country's Finance Minister, Michael Noonan, said that Allied Irish Bank plans to buy subordinated debt and threatened to impose losses on holders who reject the offer.
Italy has not escaped the revival of the debt crisis, as debt in the auction who made the demand was slack. And while the European Central Bank in its monthly bulletin for April, continue to focus on inflationary pressures.
Bad news from U.S.
As modems, few rrences macroeconmicas in Europe. In the U.S., most were bad. On the one hand, there was an unexpected rise in weekly claims for unemployment benefits, to 412,000 from 385,000 the previous. This is the figure most higher of the two last months, even expected an improvement over last week. The monthly average rises to more high level since the first week of May last year, according to Jose Luis Martinez Campuzano, of Citi. In the case of wholesale prices in March surged 0.7%, expected an increase of 1%. The annual figure rebounded to 5.8%. The core rate, which excludes its entirety voltiles ms, rose 0.3% to an annual rate of 1.9%. This is the figure most high since August 2009. Ah that the opening of Wall Street were down. In the U.S., in addition, Goldman Sachs was putting pressure on other banks. The U.S. Senate has accused Goldman Sachs by their practices during the crisis: namely, to capitalize on their actions against the mortgage market and cheating their customers. Perhaps the publication of these rrences as negative in the United States made it possible for the euro comeback.
China also introduced uncertainties in the market. The television in Hong Kong later on March inflacin data, which may reach levels of between 5.3 to 5.4%. If as was confirmed today, rising above market forecasts.
Ibex, the second most penalized in Europe
The contagion in the bond market was limited espaola. The risk premium espaola debt increase, but not as much debt as the Greek, Irish and Portuguese. But India, after the Lisbon PSI-20, was the indicator most punished in Europe, a decline of 1.51%, to give a last change to 10,622.70 points. There follows the Milan Mib FTSE, which fell 1.19%. The rest of the European indices The session closed with declines, but less than a percentage point.
In the Spanish selective pressure was the debt also in the type of securities suffered declines. Sacyr Vallehermoso ms was the value fell, fell by 3.10%. There follows, the financial sector, Bankinter to the head, a decrease of 2.87%. The entity present on Thursday announced results for the first quarter, during which won 48.6 million euros, 26.2% less. However, its CEO, Maria Dolores Dancausa took the opportunity to reaffirm its objective of increasing net profit by 20% in 2011. Among the worst other values aaoutside the financial sector, such as Abertis, Telecinco, Repsol and Endesa, which CESTE jueveson more than two percentage points.
Green, just half a dozen bars. Grifols ms gan was that, with a revalorizacin 1.68%, followed by the Ebro, which registered a 1.07% revalorizacin. IAG, BME, Ferrovial and Amadeus completed the list of values aain green. Indra, meanwhile, closed the logon to tables.
Out of the selective, the worst values aawere Urbas and Fergo, with declines of more than 5% and more than 4%, respectively. There follows, Prisa and immediately, Banesto, which shed 3.83%. On the other side of the table, and Tubacex Montebalito, who won more than 4%.
In the commodities market, a barrel of Brent, the European benchmark, caa something more than one dollars, up 122.33. A barrel of West Texas, meanwhile, caa slightly to 106.01 dollars. The resurgence of risk aversion and inflationary fears prompted both gold and silver resumed their upward path.