Spain Stocks Rise on Hedging Amid Queen’s Jubilee: Madrid Mover
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Spanish stocks rose for a second day after short interest fell in the biggest traded company and the City of London, home to many hedge funds, shut down to celebrate Queen Elizabeth II’s Diamond Jubilee.
Spain’s Ibex-35 rose as much as 1.5 percent after posting its biggest gain in three weeks yesterday, also a U.K. holiday. The index traded 0.3 percent higher at 11:00 a.m. in Madrid, led by Bankia SA.