This week's data from Spain, Europe's fourth largest economy provided further evidence that economy is gathering pace with recovery in employment.
- Today's employment statistics indicated that in April another 118,900 people joined payroll. This gain is highest since July last year and surpassed average estimate of 64,000 gains.
- Monday Markit economics released its PMI report that showed Growth was slower compared to prior but PMI still stands at 54, second highest in Euro zone only second to Ireland.
- Underlying trend indicates that domestic demand is picking up as well as export orders driven by weaker Euro.
Spanish benchmark stock index IBEX (ESP35) is currently trading around 11380 level, far from its pre 2008 crisis high.
Possibilities are high that recovery in Euro area and Spain would lead stocks to pre-crisis level. IBEX is rising with solid trend line support since 2012, Euro zone crisis low. Long term trades are recommended.
Key supports to consider 11200, 10800, 10400.


Smartphones are helping filmmakers tell the stories the movie industry overlooks
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone
Vietnam’s population hit the 100 million milestone. Where’s it headed?
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 



