FINANCIAL REPORT

CONTINUOUS MARKET
The Madrid Stock Market General Index closed this week at 739.12 points, which
shows a rise of 2.27%. The Financial Services sector (Banks, Insurance and Holdings)
went up by 3.24%; the Communications and Information Services sector
(Telecommunications; Telematics and Software; Publicity, Press, Radio and TV)
behaved positively and increased by 3.85%; the Market Services sector (Leisure,
Tourism and the Hotel Trade; Transport and Distribution; Car Parks and Freeways; Real
Estate; and Other Market Services) closed with a rise of 0.49%; the Consumer Goods
sector (Foodstuffs, Drinks and Tobacco; Retail Trade; Textiles; Clothing and Footwear,
and Other Consumer Items) finished positively, gaining 3.13%; The Investments and
Intermediaries sector (Metalurgy; Construction Materials; Paper, Wood and Chemicals)
improved on their stock price by 2.48%; the Energy sector (Electricity, Oil, Gas and
Other Fuels) fell by 0.57%; the Construction sector gained ground with a 0.25%
increase.
COMMENTS
On balance, the Spanish Market this week behaved positively. Concerns about the
Brazilian economy were calmed thanks to the reassuring revaluation of the FMI. At the
same time, the calling of the Argentine elections was also well received by the Market.
On the other hand, the lack of information from Wall Street, due to the 4th July
festivities and operations being limited to a half-day session on Friday, meant that
traders took advantage of the situation to take up positions on the stocks most seriously
affected. Notwithstanding, caution was felt among investors while awaiting the next
results publication, accountancy irregularities en the U.S. and the recovery rate of the
economy.
The Ibex-35 closed at 7,078.4 points and rose by 2.39% on the previous week.

Traducir al Ingles
BOLETN FINANCIERO
MERCADO CONTINUO
El ndice General de la Bolsa de Madrid cierra la semana en los 739,12 puntos, lo que
supone un ascenso del 2,27%. El sector Servicios Financieros (Bancos; Seguros; Cartera
y Holdings) avanza un 3,42%; el sector de Comunicaciones y Servicios de Informacin
(Telecomunicaciones; Telemtica y Software; Publicidad, Prensa y Radio TV) se
comporta de forma positiva, y aumenta un 3,85%; el sector Servicios de Mercado (Ocio,
Turismo y Hostelera; Transporte y Distribucin; Aparcamiento y Autopistas;
Inmobiliarias; Otros Servicios de Mercado) cierra con una subida del 0,49%; el sector
Bienes de Consumo (Alimentacin; Bebidas y Tabacos; Comercio Minorista; Textil,
Vestido y Calzado; Otros Bienes de Consumo) termina de forma positiva, ganando un
3,13%; el sector Bienes de Inversin e Intermedios (Metales; Materiales Construccin;
Papel, Madera y Qumicas) mejora su valor un 2,48%; el sector de la Energa
(Electricidad; Petrleo, Gas y Otras Fuentes) pierde un 0,57%; el sector de la
Construccin gana terreno, un 0,25%.
COMENTARIO
El balance de la semana en el mercado espaol es positivo. Las preocupaciones sobre la
economa brasilea se vieron apaciguadas gracias a las tranquilizadoras valoraciones del
FMI, al tiempo que la convocatoria de elecciones en Argentina tambin ha sido bien
acogida por el mercado. Por otra parte, la escasez de referencias de Wall Street, por la
festividad del 4 de julio y la limitacin de la operativa el viernes hasta media sesin,
fueron aprovechadas por los comerciantes para tomar posiciones en los valores mas
castigados. No obstante, la cautela se palpa entre los inversores al estar pendientes de la
prxima publicacin de resultados, las irregularidades contables en EE.UU. y el ritmo
de recuperacin de la economa.
El Ibex-35 cierra en los 7.078,4 puntos y aumenta un 2,39% respecto a la semana
anterior.