The Ibex dropped 0.14% after another scare from Donald Trump

Today the European stock markets has been marked by the new threat of Donald Trump, which has raised new tariffs on Chinese products worth $200,000m.

Thus, the most bearish value of the Ibex was Indra, with a fall of more than 5.8% after a very negative report with the value by the influential US bank Goldman Sachs. Followed by, ArcelorMittal has lost 3.9%, followed by Siemens Gamesa (-1.74%).

On the other hand, banks have registered a good session, despite the fact that Citi analysts are cautious with the sector in Spain. Sabadell has been the most bullish value (+ 1.61%), followed by Caixabak and BBVA. But Santander and Bankinter have also closed the session with earnings.

The rest of 'blue chips', however, have experienced another luck: Repsol, Inditex and Telefonica have yielded between 0.1% and 0.4%.

OTHER STOCKS

Meanwhile, the falls in the stock exchanges of Germany and France have exceeded 1% for the Dax 30 and the Cac 40, although the other main parks of the old continent have also been dyed red. This morning, the Chinese stock exchanges have led the collapse of the Asian parks with the fear of an approach to a trade war between the US and the Asian giant.

Meanwhile, at the close of the Spanish stock market, Wall Street also shows sharp falls. The Dow Jones index is close to 1.4%, reaching 24,645 points.

THE TRUMP TARIFFS

Trump has threatened to take the conflict with China to the extreme and, after announcing tariffs of 25% on Friday to a thousand Chinese products whose imports total $50bn, has released a statement tonight threatening China with a new wave of tariffs, this time of 10%, on imported products worth 200,000 million dollars. "I have asked the US Trade Representative to identify Chinese products worth 200 billion dollars for additional 10% tariffs," said Donald Trump, in response to Beijing's reprisals.

If the latest plans of the US president are carried out, they will probably submerge the two largest economies in the world in a commercial war that is increasingly difficult to avoid.

"Things have changed during the night after President Trump raised the stakes by threatening other 200 billion dollar tariffs, which caused Asian markets to slow down and the refugee bond market to recover," says Michael Hewson. chief strategist at CMC Markets in London.

As for the data calendar for this Tuesday, the annual forum of the European Central Bank (ECB) in Sintra continues. Mario Draghi, president of the ECB, has spoken again and said that the growth cycle is running out and that the key lies in a greater investment of capital. In addition, regarding monetary policy, has assured that the ECB will be "patient" to raise rates in 2019.

TECHNICAL ANALYSIS

For José María Rodríguez, technical analyst at Bolsamanía, the session on Tuesday was "very interesting after falling 1.75% and marking a minimum in the session at 9,598 points." "If you remember, this Monday we talked about the importance of the support of the 9,630 points (bullish gap of the June 4 session) and we said that as long as this gap did not close there would be no reason to worry, as a fall Until then it would fit within the normal parameters ", explains the expert.

"Therefore, what the Ibex has done has been to fill in (not close) this gap in its entirety and from there it has begun to recover positions clearly, and this movement has been accompanied by a rebound, by the cent part of BBVA and Banco Santander from the annual minimums, the 5.78 euros and the 4.54 euros respectively, In fact, any potential recovery of our Ibex 35 happens because yes or yes such supports are respected "; adds the technical analyst.

"And not only have they been respected, but the upward reaction after touching them has been overwhelming. The most important thing is missing, confirming the figure of the two big banks, for which we need the prices to jump above the June highs. : 6.27 in the case of the Basque entity and 4.90 euros in the Cantabrian entity ", concludes Rodríguez.