The Ibex (+ 0.41%) has closed its fourth consecutive day in green reaching 9,362 points with most of the values in positive. The rise has been largely driven by the telecommunication companies that have skyrocketed after rumors of a possible merger between Orange and Deutsche Telekom. (Masmovil 3.23%, Telefónica 1.51%)
- 11.510,200
- -1,41%
Liberbank and Unicaja return to the present with speculation about their merger. Bolsamania has published on Wednesday that both entities are closer to closing their union with an equation of 59% for Unicaja and 41% for Liberbank. The resulting bank would raise its dividend by 50% if a merger agreement is reached. Liberbank has closed the session with a rise of 0.67% while Unicaja has increased by 4.31%.
On the other hand, it has been news Endesa after announcing that it cuts back its 'pay out', in this case up to 70% in 2022. Likewise, we talk about Iberdrola because the judge has charged his security officer for the contracts with Villarejo.
US
"Apart from the macro data, any news about China and the US will be the center of attention this Wednesday. The talks are lengthening, but we believe that an agreement will be reached before December 15, when Trump plans to increase plus tariffs on China, "say optimistic from Danske Bank. "We believe that the president of the United States will want to avoid this tariff increase since it would harm the US economy more than the previous ones," these experts add.
The Gross Domestic Product (GDP) of the United States has grown to 2.1% in the third quarter, better than the 1.9% previously estimated and above the 2% growth recorded by the economy in the previous three months, according to the data published this Wednesday by the Department of Commerce.
In other markets the barrel of Brent is trading at $ 62.76, which has meant a fall of 0.74%. On the other hand, the euro has registered slight declines and is trading at $ 1,0994.
TECHNICAL ANALYSIS
"Fourth consecutive session of increases in our selective. In fact, as we said over the last two weeks, any possibility of restructuring upwards passed and continues happening because the support of 9,130 points is respected at all times," explains José María Rodríguez, technical analyst of 'Bolsamania'.
"At no time has it been drilled. As far as trading bias is concerned, although without a great euphoria everything has to be said, it is more bullish than bearish. Although in reality the analysis remains exactly the same as the one commented in recent days: we continue to look at the resistance of 9,500 points (the October highs) and above the annual highs at 9,588 points (April highs).
"Meanwhile more of the same, we have new all time highs on Wall Street and our European neighbors are approaching the annual highs zone again. Nevertheless, let's look at things with perspective: the Ibex rises somewhat less in the year 10% vs. 25% on average for European stock exchanges" he concludes.
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