The Ibex 35 ends the session with a fall of 0.85%, with which it loses the level of 9,000 (8,997 points) despite hitting the 9,100 points during the session. DIA is once againt the worst value of the day, with a fall of 15.04%, and has marked a new historical low below the euro of contribution (0.85 euros).
- 11.473,900
- 0,33%
Along with DIA, the most bearish companies were IAG (-2.09%) and Mediaset (-1.64%), although the heavy values of the selective have undoubtedly been its main burden. Among them, Telefónica (-1.12%), which has suffered on the stock market after Credit Suisse has cut the target price to 8.10 euros (now traded at 6.95 euros). However, the operator maintains, in general, a good performance since it marked minimums of the year in September.
There were also falls of around 1% for part of the banking sector (Caixabank: -1.27%, BBVA: -1.18%, Santander: -0.93%) and for Inditex (-1.32%). Losses also of 0.55% for Iberdrola, which has announced that it sells its Puertollano solar power plant to ContourGlobal.
In green just a handful of securities, with Siemens Gamesa as the most bullish, rising 1.56%. It is followed by Merlin (+ 1.21%) and Grifols (+ 0.66%).
In the Continuous Market, the drop of 43.84% for Berkeley Energía, which has been suspended from trading in Australia and reacts downwards after rumors that the Sanchez Executive has blocked its project in Salamanca, has been the main news.
BREXIT AT EUROPEAN FOCUS
The markets remain focused on the Brexit negotiations before the European Council meeting that starts on Thursday. Experts point out that the likelihood of an agreement on leaving the UK in this meeting is "low".
In the United States, the key points of the latest meeting of the Federal Reserve (Fed) were also published. "At the moment, the market is 70% sure of a new rate hike in December, a move that we understand that the Fed has decided to do, no matter how much US President Donald Trump" kicks ", who continues to criticize the performance of the highest monetary authority in the United States, which it considers contrary to their interests ", point out the analysts of Link Securities.
TECHNICAL ANALYSIS
José María Rodríguez, technical analyst of 'Bolsamanía', explains the movements that the Ibex made in this session, which has marked a maximum at 9,140 points and has been at the gates of the resistance of 9,163 points, the bearish gap this Friday: "What the Ibex has made clear to us, is that it has not been able to surpass the first of the resistances". Although, he emphasizes that this does not mean that it cannot overcome it "later". In addition, he insists that the Ibex has come to rebound by 3.3% from Monday's lows to today's highs.
Below the resistance, we have the support of 8,800-8,850 points. "And above the bearish gap where we have stopped in the dry, we have the upper part of the bearish channel, at 9,550 points," adds Rodriguez. "What is clear is that the corrective phase is still intact and only above the enduring resistance of the 9,670 points will begin to think that, perhaps, something is beginning to change in our selective," he explains. Meanwhile, "everything is rebounding in a corrective phase"
