Wallinside

he stock closed today espaola higher, encouraged by the new pact to boost the competitiveness of the euro area and the enlargement of the bailout fund to spend with problems this region, and ignores the economic consequences that may result in the earthquake and tsunami that have hit Japan.
The main selective Stock Exchange, the IBEX 35, went, eq2 plat, up 17.50 points today, 0.17% to 10,415.90 points, led by banks, which made annual earnings increase to the 5.65 %.
By contrast, the echoes of natural catastrophes Japny the debate on the future of nuclear energy has been open to reason nuclear alert sparked by problems in central Japan have Fukushima fact that Wall Street opened with losses and major European markets closed in, eq2 gold, red.
The market most affected has been precisely to Frncfort, which listed the main European nuclear companies, which fell 1.65%, followed by Paris, which baj 1.29%; London 0.92%, and Milan, 0.27%.
However, analysts polled by believe that what happened in Japan will have no short-term effects for Spain.
Renta 4 analyst Natalia Aguirre indicated that while it is "too, global agenda credits, early" to assess the impact of the earthquake, the good news in the euro area impulsarn the recovery of the economy.
In turn, the analyst at Atlas Capital Ignacio Cantos seal the Spanish GDP will be affected not "for nothing" by the disaster, and explained, by way of example, that Japan is nicamente 5% of the total turnover of Amadeus, one of the most vibrant Spanish companies in this country.
Also noted that the GDP japons fall "slightly" but that the decision taken today by the EU member passes, including Spain, to review its nuclear plants, may affect the quotation of the Spanish electricity that have invested in this source of energy.
For its part, the financial services company Citi nipn believes that GDP fell from 1% to 2%.
As for the credit califications Japanese debt, Saxo Bank analysts say that not seeing an economy affected because of the size of the ramifications of the catastrophe "SERN less severe" in another "Smallest."
Moody's believes that the earthquake did not cause a fiscal crisis 'imminent' in Japan because the Japanese economy can absorb the impact of the disaster, but said it's possible to reach a turning point if the market loses confidence in the creditworthiness of Japanese finance.
Moody's also predicted "heavy losses" for insurance companies and reinsurance companies, something that matches the Claims director of Willis, Pedro Antonio Gonzalez, who told that the cataclysm har that the actions of multinational companies such as Lloyd's, Munich or fall on the parqus Scor.
Aadi insurers vern Spaniards are not affected by the earthquake, since practically no are present in Japan.
On the other hand, Bankinter analysts believe that the main factor that can affect the recovery of markets is the instability in North Africa and the Middle upcoming, and, above all, the possibility of riots spread to Saudi Arabia, which produces 12% of the petroleum in the world and accounts for 20% of oil reserves.
Anyway, for Bankinter "worst come this week," to know the true magnitude of what happened in Japan, and analysts believe that "too many obstacles in the short term" may end convirtindose "a problem long term. "
Despite these forecasts, the majority of the great values aaof the IBEX 35 index closed higher today, as the BBVA rose 3.43%, the Santander, 2.31% and Iberdrola are revalued 0.30%, while Telefnica baj 1.76%, and Repsol YPF was 2.05%.

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