Slight falls in the Ibex (-0.04%) that breaks its four-day green streak

On the opposite side of the table is Telefónica which has risen 1.17% on Thursday after announcing in the past day a series of news about its future business plan (it will focus on Spain, Brazil, Germany and the United Kingdom and segregate its businesses in Latin America; it will create two subsidiaries, one for the digital business and one for infrastructure).

If Bankia is the red lantern of the Ibex, DIA (-23%) takes the spot in the Continuous Market. The supermarket chain has again marked historical lows after its new shares have been put into circulation.

The red numbers of the Ibex are no exception, the European stock exchanges have closed the same, with an average drop of 0.3%. Although the Lisbon stock market has plummeted to a greater extent (-0.6%).

This is partly because China has accused the United States of "sinister intentions" after the signing by Donald Trump of a bill that supports the rights of the protesters in Hong Kong. It will be necessary to see to what extent these circumstances hinder the negotiations towards an imminent phase one trade agreement.

Across the Atlantic Wall Street has not yet been affected since today the stocks are closed due to the celebration of Thanksgiving. Tomorrow they will only open for half a day.

In other markets the barrel of Brent trades at $ 62.77 while the euro has recovered yesterday's falls and is trading at $1.1 again.

TECHNICAL ANALYSIS

"The Ibex tries, but it lacks the power. In the daily chart we see that we do not rule out a movement towards the resistance zone of approximately 9,460 points: where the straight resistance that joins the maximum decreases of October and of this month is, "says José María Rodríguez, technical analyst at 'Bolsamania'.

"But, if it gets there, you will be very tired. I would say ecstatic. And it is never good to get tired at resistances, because it takes away 'momentum' / inertia from the market with the danger of turning down sooner rather than later. But it is also true that as long as the 9,130 ​​points are not punctured, we will not have any sign of real weakness either, so what we have is a lateral movement from mid-October between 9,130 ​​points below (support) and 9,450-9,500 points above (resistance), "says the expert.

"It is worrisome that the first bank in our country, Santander, is very weak. And it should be followed closely because the drilling of the support of 3.47 euros (the minimum last week) can take us very quickly to annual minimums: 3.30 euros. And below Brexit minimums. And without Santander's support, it is difficult for our Ibex to go very far, "he concludes.