Ibex has closed in red (-0.10%. 9,581 points) unlike the rest of Europe that have starred rises this Thursday. This is mainly due to the de-escalation of the tensions between the US and Iran. Donald Trump appeared on Wednesday and merely announced sanctions on Iran instead of a military response after the Tehran regime's attack on two bases with US military in Iraq. In addition, it has been confirmed that Chinese Deputy Prime Minister Liu He will travel to Washington next week, which is the ratification that the signing of the first phase trade agreement is a fact.
- 11.431,000
- -0,32%
However, European indexes have added positions in a session that does not have large macro references beyond the unemployment rate of the Euro Zone in November, which remained at 7.5%. In this area, it should be remembered that the World Bank announced in the past day the downward revision of global growth in 2020 to 2.5%, two tenths less, while asking politicians to carry out structural reforms that boost growth .
At the business level, the protagonist of the day is IAG after its CEO, Willie Walsh, has announced his resignation. He will be replaced by Luis Gallego, current CEO of Iberia. In addition, there is also news from Tesco, which has sold more than ever at Christmas, and Marks & Spencer, which falls strongly due to weak sales in clothing and gifts.
Across the Atlantic, Wall Street is setting new record highs after Donald Trump lowered tension with Iran on Wednesday.
In other markets, Brent stabilizes in the area of $65 after having reached over $ 70amid geopolitical tensions. As for gold, it is trades at $ 1,550 at the close of the European market after having exceeded $ 1,600 last session for the same reason.
TECHNICAL ANALYSIS
"The Ibex closes clearly far from the maximums of the session, but in reality we have more of the same. That is, a narrow short-term lateral movement with support at 9,500 and resistance at 9,700 points. And until the price does not jump on either side we will have no clue about the meaning of the next short-term tranche, "explains José María Rodríguez, technical analyst at Bolsamania.
"The really important thing is that since August we have increasing minimums and maximums and so it does not fall. While it is true that we have a support at 9,500 points there is another somewhat lower and more relevant: the upward gap of 9,468 points," nuances
"Since it hasn't closed in a relevant reference, we understand that the current corrective phase fits absolutely within the normal parameters," concludes the expert.