The Ibex increases its losses (-0.8%. 9,621 points) under pressure from cuts in securities such as Endesa, Telefónica or Inditex. The experts of Bolsamanía recognize that the daily overbought subtracts 'momentum' from the selective and that a short-term correction makes sense before attending the probable attack on the 9,900 points. At the moment their forecasts are being fulfilled and the index remains below 9,700, the new highs of the year set last week.
- 11.656,600
- 0,39%
"Optimism is still at its peak. But after an excellent year, we began to have some fear of heights," Divacons Alphavalue analysts point out in their daily report. Outside the Ibex, it is also worth highlighting what many small values are doing, with sharp declines in Deoleo and significant increases in Duro Felguera, PharmaMar or Sniace, among others.
Asian stock exchanges have ended with a mixed sign this morning, with increases in China and 0.8% falls in Japan. Investors remain attentive to any developments related to China and the US, while remaining alert to everything that may happen with North Korea. At a meeting of the Workers Party, North Korean leader Kim Jong Un asked his military and diplomats to prepare "offensive measures", without specifying which ones, to protect the security and sovereignty of the country. This meeting, which began on Saturday, is followed over the concern that Kim may suspend the stalled nuclear negotiations with the US and return to a more confrontational approach, which would make North Korea a problem again. in 2020.
On the trade agreement between China and the US, the White House's commercial advisor, Peter Navarro, said the document "will probably be signed next week." In this regard, he added that "we are just waiting for the translation".
In Spain, and at the business level, today investors are awaiting Técnicas Reunidas (+ 5%), which has announced that an important project has been awarded for the integral construction of a new oil refinery in Algeria and has announced that it expects sales of up to 5.5 billion in 2020.
In the macro data chapter, the CPI has risen four tenths in Spain in December and ends the year at 0.8%. On the other hand, GDP grew at a rate of 0.4% in the third quarter. It should be noted that the week will be atypical for holidays. This Tuesday, 31st, some stocks will close throughout the day for the end of the year celebration. In the case of the Ibex, it will open only during half a session (until 2 pm), as it did on December 24. Wall Street will operate normally throughout the day. On January 1, all bags will be closed for the new year.
Finally, it should be noted that in Spain investors are still awaiting the investiture of Pedro Sánchez, which seems to be moving forward. Bolsamanía publishes today that the plan is to have a government on January 5. So far, today the State Advocacy has asked the Supreme Court that Junqueras can collect his MEP minutes and the PNV has reached an investiture agreement with Sánchez.
In addition, PSOE and Podemos have presented in an expanded manner their programmatic agreement, which includes tax increases for high incomes, updating of pensions with the CPI, repeal of the labor reform, greater tax burden for companies and greater control over the Sicavs , among other draft measures.
In other markets, the barrel of Brent oil rises 0.6%, to $ 68.61. In addition, the euro increases in value 0.21% and changes to $ 1,1201. Finally, the profitability of the Spanish ten-year bond rebounds to 0.46% and the risk premium remains at 64 points.
