Spanish stock market rises

Madrid, Feb 26 (IANS) The Spanish stock market index Ibex-35 rose 2.52 percent to close at 8,125.60 points, up from the 8,013.70 points of the previous session.

On Thursday’s session, Mediaset shares led rises climbing 9.19 percent, followed by IAG, Telefonica, ACS and Indra A that rose 5.89 percent, 5.10 percent, 3.92 percent and 3.84 respectively, Xinhua news agency reported.

On the other hand, DIA shares led falls losing 4.50 percent, followed by Sacyr, Acerinox, ArcelorMittal, Mapfre and FCC that lost 2.4 percent, 1.2 percent, 1 percent, 0.3 percent and 0.04 percent respectively.

Meanwhile, Spain’s risk premium closed at 148.30 points, which was slightly above the 147.20 points of Wednesday.

US stocks extend gains on rising oil

 US stocks kept rising as Wall Street digested a batch of generally positive economic reports amid oil recovery.

The Dow jumped 1.29 percent, and the S&P 500 gained 1.13 percent, while the Nasdaq added 0.87 percent on Thursday, Xinhua news agency reported.

US dollar falls on mixed data
The US dollar decreased against most major currencies as the economic data from the country came out mixed.

In the late New York trading on Thursday, the euro rose to $1.1024 from $1.1013 of the previous session, and the British pound climbed to $1.3965 from $1.3922, Xinhua news agency reported.

The Australian dollar went up to $0.7231 from $0.7203.

The US dollar bought 112.96 Japanese yen, higher than 111.77 yen of the previous session.

The US dollar increased to 0.9903 Swiss franc from 0.9884 Swiss franc but dropped to 1.3540 Canadian dollars from 1.3703 Canadian dollars.

The dollar index, which measures the greenback against six other currencies, was down 0.07 percent at 97.393 in late trading.

Tokyo stocks rise in early trade

 Tokyo stocks rose on Friday as a halt in the slump of oil prices sent US shares higher overnight and lifted the market mood here.

As of 9.15 a.m. (local time), the 225-issue Nikkei Stock Average gained 275.18 points, or 1.70 percent, from Thursday to 16,415.52, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 19.61 points, or 1.50 percent, to 1,327.15.

All main section industry categories advanced, with notable gainers comprising marine transportation, iron and steel, and securities-linked stocks.

Chinese yuan weakens

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 20 basis points to 6.5338 against the US dollar on Friday, according to the China Foreign Exchange Trading System.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, Xinhua news agency reported.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese shares open higher

 Chinese stocks opened higher on Friday, with the benchmark Shanghai Composite Index up 0.69 percent, at 2,760.06 points.

The smaller Shenzhen index opened 0.78 percent higher at 9,625.37 points, Xinhua news agency reported.

The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, edged up 0.41 percent to open at 2,045.51 points.

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