Spanish risk premium finishes week below 400 point mark

The Spanish risk premium finished this Friday's trading on 394.40 points, to remain below the 400 point mark it dipped below on Wednesday. The IBEX-35 stock market in Madrid lost 0.5 percent of its value during the day, but ended the week on 7,934 points, a rise of 0.3 over the week as a whole and 1.2 percent for the month of November. This data makes November the fourth month of consecutive rises for the IBEX-35, the first time the market has had four positive months since the period between March and September 2009. A busy week for economic news has helped to clarify several pending issues, such as the approval of funds to aid Greece and the announcement that Spain's four nationalized banks will receive 37 billion euros (48.1 U.S. billion dollars) of EU aid. This news helped the Spanish stock market and were key factors in the falling risk premium, despite predictions by the International Monetary Fund (IMF) and the OECD that Spain's economy will continue to contract in 2013 and not see growth until 2014.