Spanish stock market rises 0.57 percent, closes at 8,546 points

Madrid, April 13 (IANS) The Spanish stock market index Ibex-35 rose 0.57 percent on Tuesday to close at 8,546.30 points, up from the 8,497.60 points of Monday.

On Tuesday session, Tecnicas Reunidas shares led rises climbing 3.44 percent, followed by Repsol, ArcelorMittal, DIA, Mapfre and Endesa that rose 3.28 percent, 3.25 percent, 2.54 percent, 1.78 percent and 1.32 percent respectively, Xinhua reported.

On the other hand, Grifols shares led falls losing 2.72 percent, followed by Bankia, Merlin, Caixabank, Sacyr and Abertis A that lost 1.39 percent, 0.80 percent, 0.79 percent, 0.54 percent and 0.21 percent respectively.

Meanwhile, Spain’s risk premium closed at 138.30 points, falling slightly from the 140.50 points of Monday closing time, and Spain’s 10-year bond interest rate stood at 1.5 percent, showing no differences when compared with Monday’s.

Chinese shares open higher

Beijing, April 13 (IANS) Chinese stocks opened higher on Wednesday with the benchmark Shanghai Composite Index up 0.59 percent, at 3,041.36 points.

The smaller Shenzhen index opened 0.62 percent higher at 10,599.22 points, Xinhua news agency reported.

The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, gained 0.64 percent to open at 2,278.52 points.

US stocks tick up on surging oil

New York, April 13 (IANS) Helped by solid gains in oil prices, US stocks rose as investors awaited the first batch of earnings from the first quarter of the year.

The Dow Jones Industrial Average rose 164.84 points, or 0.94 percent, to 17,721.25 on Tuesday, Xinhua news agency reported.

The S&P 500 jumped 19.73 points, or 0.97 percent, to 2,061.72. The Nasdaq Composite Index increased 38.69 points, or 0.80 percent, to 4,872.09.

Oil prices surged for a third straight session on Tuesday, with both US oil and Brent crude soaring over 4 percent, as media reports showed that top producers Russia and Saudi Arabia have agreed to freeze output ahead of a much-anticipated producers meeting Sunday.

Lifted by the spiking oil prices, the energy sector jumped 2.84 percent as the biggest advancer among the S&P 500’s ten sectors.

Traders were also watching closely big banks earnings this week, starting with JPMorgan Chase & Co on Wednesday.

Tokyo stocks surge on oil price rebound

Tokyo, April 13 (IANS) Tokyo stocks surged on Wednesday as a rise in prices for crude oil and a comparatively weak yen sent a broad swathe of issues higher including energy-linked shares and the market’s key exporters.

The 225-issue Nikkei Stock Average climbed 421.03 points, or 2.64 percent, from Tuesday to 16,349.82, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, jumped 31.63 points, or 2.43 percent, to 1,330.98.

All industry categories on the main section advanced, with insurance, mining and banking-linked shares comprising the morning’s notable winners.

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