Despite changing during the session between profits and losses, the Ibex 35 closed the session in red, in line with the other European exchanges. Specifically, the Spanish selective has yielded 0.5% Thursday, down to 9,314.5 points, so it stands above the support it has in the 9,300 points despite the falls.
- 11.473,900
- 0,33%
However, the declines in the Ibex have not been as sharp as those experienced by other European parks. In the cases of the London Ftse 100 and the Parisian Cac 40, the losses of the session have been higher than 1%. This despite the fact that the day has been quieter than yesterday in terms of news from Italy.
And, throughout this Thursday, investors have been very aware of all the news from the transalpine country. Also Brexit and Theresa May, Prime Minister of the United Kingdom, which on Wednesday made a speech defending its exit model from the European Union while dancing to ABBA, something that did not convince experts. The date to close an agreement with Europe is approaching and the PM faces challenges coming from the opposition party.
Also, today investors have been attentive to Greek banks. This Wednesday there was a massive sale of shares of financial institutions in that country. Greek banks are under pressure due to persistent market concerns about the possibility of reducing their delinquent portfolio at the expense of their shareholders.
GRIFOLS LEADS PROFITS
Back to the Ibex, it should be noted that Grifols was the most bullish value of the session after rising in valye by 3.4%. Yesterday it was, however, the company that fell the most after suffering a rating downgrade from UBS analysts, adding to many others who have expressed their doubts about the company because of the threat posed by anti-FcRn technology for their sales. of immunoglobulin. However, the company defended itself after the market closed claiming that the impact of the FcRn is its sales will be minimal.
Grifols followed in the Caixabank profits (+ 1.84%), despite the fact that the Audiencia Nacional decided to open an investigation into the purchase of the Portuguese bank BPI, and Bankinter (+ 1.71%).
Finally, Thursday's losses at the Ibex were led by Inmobiliaria Colonial (-3.35%), Acciona (-3.29%) and IAG (-2.71%).
TECHNICAL ANALYSIS
For José María Rodríguez, a technical analyst at Bolsamanía, "there is not much to say about the Ibex, as we have spent the whole week in a range of prices, in round numbers, between 9,300 and 9,400 points".
"The support is at 9,300 and the resistance is at 9,670 points, below the 9,300, in closures, the annual minimum in the 9,111 points, and little more," adds the expert.
However, he points out that "the key to all the European stock exchanges is in the EURO STOXX Banks (or SX7E)", as this "presents critical support, key, in the September lows that in turn coincide with the minimum of this Monday: 102.86 points and above, on the side of resistance, we have the maximum of last month at 113.28 points. "
"So, in summary, if annual minimums are not drilled, we understand that the conditions exist to try again upwards, but the confirmation that the downward trend started at the end of January has been left behind, we will have it only above the September highs, so before looking at the day to day of any European index, it is much better to keep an eye on this index, since the financial sector is one of the main drivers of the stock market but the most important " , concludes Rodríguez.
FALLS IN WALL STREET
Meanwhile, on Wall Street, red predominates after the last two days in which the Dow Jones has added new records. The index finished yesterday with increases of 0.20%, while the S & P added 0.07% and the Nasdaq 0.32%. However, today the three are down 0.9% on average at the close of the Spanish stock market before the escalation of the US bond market.
