Spain’s opposition People’s Party would win the general election (Nov. 20) if the election were held now, according to polls conducted for four newspapers.
The PP would win 45.4 percent of the vote, compared with 30.9 percent for the Socialists, according to a poll carried out Oct. 18 to Nov. 8, El Pais reported. The PP would get 192 to 196 seats in the parliament, compared with 110 to 113 seats for the Socialists, according to the report.
Newspaper El Mundo said the PP would win 47.6 percent of the vote, or 198 seats, while similar surveys conducted for ABC and Vanguardia gave the PP 45.5 percent and 44.7 percent, respectively.
EARNINGS: The following companies to report earnings on Nov. 14 (with average analyst estimates for the quarter): * Realia Business SA: loss of 2.1 million euros ($2.9 million). * Banca Civica SA: 243.6 million euros. * Obrascon Huarte Lain SA: 216.4 million euros. * Almirall SA: 103.9 million euros. * Campofrio Food Group SA: 37 million euros. * Vueling Airlines SA: 17.5 million euros. * Actividades de Construccion y Servicios SA: 1.01 billion euros. * Unipapel SA: 47.5 million euros. * Corp. Financiera Alba SA: 287 million euros. * Uralita SA: 4 million euros. * Banco de Valencia SA: loss of 28 million euros. * Vertice Trescientos Sesenta Grados SA, Indo Internacional SA and Quabit Inmobiliaria SA also are scheduled to release third-quarter earnings.
MARKETS: *The IBEX 35 Index rose 3 percent to 8,556.1 on Nov. 11. *The spread between Spanish and German 10-year borrowing costs narrowed to 396 basis points.