After five consecutive sessions of falls, the Ibex has rebounded 0.64% this Thursday and has reached 9,572 points. Within the selective we highlight the rise of Ence (5.85%) after announcing that it has closed the sale of 1.1m tons of cellulose. Viscofan has also risen strongly, with a rebound of 4.39%.
- 11.435,700
- -0,28%
On the negative side, the cuts in Grifols (-2.18%) have been striking, which has been the most punished company despite the fact that Credit Suisse has improved its price. However, it remains in line with the current quotation price. In addition, the firm shows certain doubts about Alzheimer's research.
Within the business field, Deoleo has returned to live a day of high volatility. After falling more than 60% in the last three days, the actions of this 'chicharro' have rebounded strongly during much of the session, although they have finally closed with a fall of 2.78%.
TRADE AGREEMENT
The 'phase one' agreement between the United States and China is already history. It has been signed and now everyone thinks of the more complicated negotiations of 'phase two'. The tariffs, of course, remain intact and, as if that were not enough, Donald Trump has again threatened Europe in recent hours with tariffs on vehicle imports if the bloc does not support him against Iran. The US president claims that the United Kingdom, France and Germany formally accuse Iran of breaking the 2015 nuclear agreement, as reported by the 'Washington Post' citing European officials.
However, "caution prevails," as pointed out by Michael Hewson, director of analysis at CMC Markets in London. "Among the negative aspects of the 'phase one' agreement, it is worth highlighting that tariffs remain in force for Chinese goods worth 360 billion dollars, and are likely to remain there for at least another 12 months," he said.
Wall Street yesterday picked up the signing of the agreement with new historical highs that is expanding this Thursday, while in Asia the day has ended with mixed out. It should be noted that all this has been spiced up by business results on the other side of the Atlantic, which continue to show that profits are being difficult to sustain. This Thursday they have met Morgan Stanley.
In the macro data chapter, the December CPI for Germany was published today (0.5% monthly versus 0.5% expected and earlier). In addition, the minutes of the last ECB type meeting have been known. The organism speaks of a weak but stable growth dynamic. In the US, watch out for retail sales. Also, the President of the European Central Bank (ECB), Christine Lagarde, will speak late in the afternoon.
TECHNICAL ANALYSIS
"As I usually say in technical jargon, the Ibex" has nailed it. "And we mean that it has found ground in the upward hollow of 9,468 points (session of the last four-hour witch hour of 2019) and just the minimum of this Tuesday, from where it is rebounding, it scored at 9,466 points, "says José María Rodríguez, an analyst at 'Bolsamanía'.
"That is, the hole has been filled but not closed. And that is good. That is a sign of strength despite the lateral movement of the last month. The daily oversold is very strong and this should, at least, lead to a rebound of a certain magnitude. In fact, it can be said that again we have the clear path to try with the resistance of 9,700 points, "concludes the expert.
