- Inditex, Santander and Telefónica leave more than 5% in August
The Ibex 35 closed Thursday with a rise of 0.52% to 10,299 points, although in August the selective has left 1.93% after a month markedly bearish. On Thursday, the highlight was the fall of Inditex that leaves a 3.59%, its biggest reduction since the celebration of Brexit on June 24, 2016, when it fell 6.8%. The textile with this crash loses more than 3,000 million of value. The rest of European stock markets have also closed above half a percentage point.a'.
- 11.426,800
- 0,39%
Amadeus has stood out as the most bullish index in the session (+ 3.99%) against a Société report that places it as a favorite to enter the EuroStoxx 50 in the next review. Cellnex (+ 2.54%) and Grifols (+ 2.41%) were located behind Amadeus. In the falls in addition to the company controlled by Amancio Ortega, have been located DIA with a reduction of 0.71% and Meliá Hotels by 0.4%. In addition, in the accumulated of August highlights that three of the selective heavyweights have left more than 5%, such as Inditex, Santander and Telefónica.
On the business front, this Thursday has been news that BBVA has confirmed that it is negotiating the sale of BBVA Chile with Scotizabank, although it has stated that it is still not possible to determine if this negotiation will end in agreement. The bank is up at this time (+ 1.81%). Out of our country, the Carrefour crash (-13.85%) stands out after publishing on Wednesday results that have disappointed and cut its sales estimates for the year.
In the meantime, investors are still struggling with the harrowing storm of the euro, which is also shrinking, shifting to $ 1.1864, when it climbed to 1,206 on Tuesday, and everything Has to do with the open crisis between North Korea and the United States. To all this must be added the talks for the Brexit, which continue this Thursday in which it is the last day of the third round of negotiations that are celebrated in Brussels. British Prime Minister Theresa May has been in Japan where she has discussed politics and trade relations between the two countries.
"It's all pointing to the fact that Korea's issue will remain very dormant for some time, negatively impacting the stock markets on a recurring basis," Link Securities experts said in its daily report.
Regarding the schedule of the day, retail sales have risen by 1.1% in July in Spain while the unemployment rate in Germany has been at 5.7%, in line with expectations. Inflation in the Eurozone has risen by 1.5% in August, up from 1.4% forecast, although core inflation has remained at 1.3%. The unemployment rate in the Eurozone in July was 9.1%, as expected.
Personal consumer spending in the United States grew just 0.3% last July, fueled by low inflation and rising salaries, the Commerce Department said Thursday. Contracts to buy second-hand homes in the United States fell unexpectedly in July by 1.3%, the fourth drop in five months as the housing market continues to struggle with a shortage of properties that are for sale.
"Profit session that closes away from the highs of the day due mainly to the significant falls of the largest company in our market, Inditex. Despite the increases of the last two days the truth is that everything remains the same, no We have changes.We still have resistance to beat the 10,445 points and above we have the top of the bearish channel of the last four months, now in the 10,630 points.As a support zone we have the lows on Tuesday at 10,134 and the MM200 (Simple moving average of 200 sessions) in 10,090 points", explains José María Rodríguez, technical analyst at Bolsamanía.
"At any rate, the Ibex 35 has to be raised so that we can somehow suggest the end of the current corrective phase. In fact, the key resistance at the moment is found in the 10,758 points. Rebounds that always remain below the previous maximum and so do not rise, "says Rodriguez.