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Spanish stocks - Factors to watch on Tuesday

Source: Reuters - Tue 27th Jul 2010

The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:


The bank was the first Spanish bank to issue debt since Friday's stress test results, issuing 400 million euros in mortgage-backed securities on Monday.


Testing the strength of European banks against severe shocks is a good long-term investment, Spain's central bank Governor Miguel Angel Fernandez Ordonez said on Monday after a meeting of central bankers and regulators.


Spanish savings bank CAM on Monday said its board had approved a merger with three other banks, the last of a recent wave of consolidation driven by the Bank of Spain to strengthen the financial position of the smaller ones.


Spain's third largest retail bank is due to present first-half result before the market opens on Tuesday.


The Spanish power utility and midstream gas trader is due to post first-half results and a strategic plan to 2014 on Tuesday before the market opens.

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