- This Friday there are expiration of options and futures on both sides of the Atlantic
Banks again ballast the Ibex 35. The selective closes this Friday with a fall of 1.07%, to 9,851 points after having reached about 1.5%, in a day of losses also for the rest of European stocks. Despite the fall, the weekly accumulated is positive for the selective, with a rise of 1.1%.
- 11.473,900
- 0,33%
CaixaBank was the most bearish value of the session, standing at around 3.8%, although none of the banks managed to close in green: Bankia (-2.92%), Bankinter (-2.56%), Santander (-2.19%), BBVA (-1.92%), Sabadell (-2.38%). The losses of ArcelorMittal (-3.58%) have also been highlighted.
Mapfre, another of the securities in red this Friday (-1.59%), has fallen in the session after the sale of its operations in the United States to the North American insurance group Plymouth Rock Assurance.
On the other hand, Colonial has led the gains with a 1.5% rise, along with Merlin (+ 0.91%) and Iberdrola (+ 0.78%), along with a few others.
In the main board, Duro Felguera is news this Friday (-4.65%) pending the outcome of its general meeting, which must approve the 125 million capital increase to which the refinancing of the debt is subject.
NH also stands out (+ 0.24%) after the Thai Minor has acquired 16.8% of the hotel that owned the Chinese HNA. Finally, Pescanova has been the most bearish value of the Continuous (-10.75%) after yesterday warned that the payment of the bonds imposed by the judge, in the framework of the trial for the alleged make-up of the group's accounts , could cause a "temporary insolvency" of the company.
QUADRUPLE HOUR WITCH
"Options and futures on indexes and equities expire both in Europe and on the other side of the Atlantic, which usually translates into a day of high volatility, but I would say that, in general, these sessions are characterized by a greater increase in the volume of contracting and not so much the volatility ", explains the expert of 'Bolsamanía', José María Rodríguez. Rodríguez points out that this increase in volume is beginning to be felt since the beginning of the week and that, little by little, it may increase as the expiration date approaches.
All in all, the ECB's decision, announced Thursday, to end the QE in December (and reduce the amount destined for the purchase of bonds in the last quarter of the year) and maintain the rates, continues to "kick" on Friday. without changes "at least until summer of 2019". The euro, which fell on the last day with strength, has touched a minimum of two weeks this Friday, at 1.1550 euros, and is on its way to finalizing its worst week since the end of 2016.
Wall Street closed on Thursday with a mixed sign (decreases of 0.10% in the Dow Jones but rises of 0.85% in the Nasdaq) while in Asia has also dominated the mixed sign and moderate movements. There, the Bank of Japan has left its monetary policy unchanged, as expected. "This cautious attitude (of the Bank of Japan) may have something to do with the fact that today the White House is expected to reveal a list of 800 to 900 Chinese products that will impose tariffs, raising concerns about possible reprisals. and an escalation of commercial tensions ", warns the head of analysis of CMC Markets in London, Michael Hewson. Donald Trump will finally approve a package of tariffs worth 50,000 million dollars.
The Ibex backs up and moves away from the 10,000 points, which does not stop being a purely psychological level. "The real resistance is at the maximum of May, the 10,290-10,300 points", experts from 'Bolsamanía'.
As for the calendar of macro data of the day, the CPI of the Euro Zone shoots up six tenths in May, up to 1.9%.
