The tension escalation between the US and Iran that has put pressure on the stock markets on Wednesday. The main European indexes have finished the session in green (Ibex: + 0.12%; Cac: + 0.17%; Dax: + 0.60%) after the appearance of Donald Trump. The US president has spoken after Iran has responded to the death of Qasem Soleimani by bombing its military bases in Iraq, an attack that has not had any casualties. The Tehran regime has said that "revenge has begun" and has promised more attacks. At the moment there have been no Trump reactions beyond a tweet pointing out that "Everything is fine."
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The question right now is whether this whole situation will go further or if it will end up deflating. Iran's Foreign Minister, Zarif, described the retaliatory measures as self-defense and proportionate in relation to the United States assassination of General Soleimani last week. On Twitter, he stressed that "we are not looking for an escalation or a war, but that we defend ourselves against aggression."
"The attacks mark a clear escalation and the next big thing to be aware of is the US response, which is likely to be a function of the actual damage caused by the attacks this morning. Therefore, we will be aware of the flow of news about the damage, "Danske Bank experts say in their daily report.
In addition, this Wednesday Boeing is back in focus after the terrible accident of one of its 737 that has caused 170 deaths. The device belongs to the Ukraine International Airlines (UIA) company; It left Imam Khomeini's Iranian airport bound for Kiev and, due to technical problems, rushed to the ground shortly after takeoff. The firm has closed the session with a 1.2% drop in the stock market
In Spain, investors are still pending the new government after the investiture of Pedro Sánchez on Tuesday. For now, it is known that Sanchez will wait until next week to announce his Executive, an unexpected delay that some media accuse the president's interest in waiting for different resolutions on Catalonia.
However, in other markets, it should be noted that oil deflates and falls by about 3% at the close of the European market. For its part, gold stands at $ 1,570 after having climbed to 1,600.
As for other aspects of the day, Samsung has anticipated that its profits will fall less than expected in the fourth quarter. Also, in the United Kingdom it is necessary to highlight the collapse in NMC Healthy the falls in Sainsbury's after announcing results below expectations.
TECHNICAL ANALYSIS
"The most interesting thing about this Wednesday's session is that it has become clear that at the minimum that the market corrects. The correction from the highs of the beginning of this year / the end of 2019 is only 200 points. Let's say that the Ibex is moving at 200 points: 9,500 below and 9,700 points, "explains José María Rodríguez, technical analyst at Bolsamania.
"Meanwhile the price is time consuming, instead of falling into depth. And that is a good sign. In fact, the clavicular line of the inverted 'head and shoulders' that we have been talking about in the last sessions is still intact. And it seems that this support area, before resistance (red line) is being able to stop the falls, "he clarifies.
"In short, to the extent that the upward gap of 9,468 points does not close, we understand that we are simply draining the previous excesses in a narrow lateral movement. Paving the way for what may be the next upward stretch. In fact , if the return figure is finished complying, it is possible to bet on a movement towards the area of 10,500 - 10,600 points (the height of the 'head' of the formation) ", concludes the expert.
