An unexpected geopolitical crisis between Iran and the US is making it difficult for the Ibex and the rest of the world stock exchanges to start. However, it seems that things are calming down (Ibex: + 0.18%. 9.598; Cac: -0.02%; Dax: + 0.22%), regarding the situations that have been happening this week, like that terrible plane crash that has killed about 180 people and is now attributed to an error from Iran, which would have shot it down with one of its missiles. Things are complicated at the beginning of the year, although the stocks are holding their own waiting for next week. If, as expected, the first phase agreement between the US and China is signed, the sensations will improve. Companies will also have a lot to say with their results, which are already being published.
- 11.659,200
- 0,35%
At the moment, this Friday there is still talk about 'local' politics (Sanchez will create a Minister of Social Security and give a more economic character to the Foreign ministry) and Brexit, because the House of Commons has approved by a clear majority the Brexit law. In addition, the macro returns to the forefront after a relatively quiet week of data with the December employment report in the United States, according to which unemployment has remained at 3.5%, a minimum of 50 years ago.
The Ibex, meanwhile, has fallen 0.5% in the accumulated this week. More negative values on Friday, which has closed with falls of 0.09% and 9,573 points, despite the push of IAG, Meliá and the electric sector.
From the business point of view, investors have been very aware of IAG (+ 4.6%) after the progress of their CEO, or the evolution of banks (highlights the falls in Bankia) or Telefónica (which yields positions and still very weak).
Outside of Spain, Boeing went up on Thursday on news that suggests that what happened with the plane was due to an Iranian missile. However, Bloomberg notes that the latest comments posted about the company (a pilot has said that the 737 MAX has been designed by "clowns" and supervised by "monkeys") threaten to ruin her efforts to solve the situation with This airplane model.
"The combination of a conflict between Iran and the US that is slowing down, recent data in the US, optimism about the trade war and a Federal Reserve that has indicated that there will be no increases, has contributed to the rise in global risk appetite during the last sessions, boosting the United States to a large extent, "said Danske Bank analysts.
TECHNICAL ANALYSIS
"There are already four weeks in which our Ibex is moving laterally. And it does so within a fairly narrow price range, with support at 9,500 and resistance at 9,700 points. And the most interesting thing about this displacement is that it is serving for the price to correct the strong daily overbought it had at the end of 2019, "explains José María Rodríguez, technical analyst at Bolsamania.
"To correct this overbought it deploys a lateral movement. Or with falls of greater or lesser depth. And in the case at hand it seems that our selective is opting for the first," he clarifies .
"As for the rest everything remains the same, with Wall Street marking maximums of all times day after day and with our European neighbors at the gates of the annual maximums that were marked at the end of the year. And in the meantime, the main index of Europe, the Dax, less than 1% away from the historical maximum, "concludes the expert
