Spanish Stocks Boom
Thursday, November 09, 2006
There is an on-going real-estate boom in Spain, that we have already talked about last week in this blog.
Investors aren't missing any opportunities and are pushing prices higher, not only in properties but in the country's stock market. And with a reason, with an economic growth forecast of 3.7% this year, Spain is on the lead of the developed European Union countries.
"There is an aggressive capitalist spirit running through many Spanish companies," says Robert Tornabell, a banking and finance professor at ESADE Business School in Barcelona. "And it is pushing them to enter Europe and buy."
Madrid's Ibex 35 index performance is now above 30%
European Trading will continue tracking the Spanish markets, meanwhile check the Business Week article
posted by IntoBlogs @ 5:25 PM,
