Spanish stocks soar more than 4pc after EU deal

Friday, 29 June 2012 12:42

Posted by Muhammad Iqbal

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MADRID: Madrid share prices soared more than four percent in opening trade Friday after European Union leaders agreed a deal to help Spain and Italy weather stormy debt markets.

Madrid's IBEX-35 index of leading shares leapt 4.12 percent while the EU deal on direct bailout aid for banks boosted the sector with Santander jumping 6.35 percent and BBVA 6.89 percent.