The Ibex 35 experienced a 2.16% rise in the mid-session on Tuesday, which led the selective to stand at 7,639.3 integers at 12:01 am, after the heads of state and government of the Union European countries have reached an agreement to create a recovery fund of 750,000 million with which to relaunch the economies of the community bloc, especially those of the countries hardest hit by the Covid-19 pandemic, such as Spain and Italy.

This reconstruction plan, which will be financed by an unprecedented issue of joint debt by the European Commission and will last three years, will be added to a Community budget for the period 2021-2027 of 1,074 billion euros.

Specifically, of the 750,000 million euros to overcome the coronavirus crisis, approximately 140,000 million euros will be used to finance reforms and investments in Spain. Of this amount, 72.7 billion will be in transfers and the rest in loans, which in practice means almost 5 billion less in non-refundable subsidies.

The values ​​that most rose mid-morning were Meliá (+ 9.26%), Banco Sabadell (+ 6.97%), IAG (+ 5.57%), Bankinter (+ 4.44%), Banco Santander (+ 3.96%) and CaixaBank (+ 3.65%). Viscofán (-0.51%), Acciona (-0.4%), Grifols (-0.36%) and Siemens Gamesa (-0.21%) were on the loss side.

The rest of the main European stock markets welcomed the agreement with the same optimism as the Ibex 35, especially the Milan Mib, which was up 2.33%. For its part, the Ftse 100 in London rose 0.75%, the Cac 40 in Paris 1.5% and the Dax in Frankfurt 1.95%.

In this scenario, the barrel of West Texas Intermediate (WTI) oil, benchmark for the United States, was trading at $ 41, while Brent crude, benchmark for Europe, was priced at $ 44.2.

For its part, the Spanish risk premium advanced positions up to 84 basis points, with the interest demanded on the ten-year bond at 0.338%, while the price of the euro against the dollar stood at 1.1442 'green notes'.

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