The Ibex 35 has closed with falls of 0.39%, to 9,573.70 points, pressed by the cuts in BBVA, Santader, Telefónica and Inditex. The German Dax 30 has marked intraday highs, but has closed flat. All in all, peace of mind after a complicated Tuesday session that closed with a better than expected balance. China's coronavirus is still worrying, but the stock markets continue to show that they have endurance to face adversities. As for the Ibex, laterality and some short-term weakness persist; the selective does not lose supports (9,400) nor manages to overcome resistance (9,700).
- 11.674,800
- 0,33%
Wall Street ended the last session with contained falls while in Asia there has been a clear rebound after the sharp declines yesterday. Coronavirus cases continue to rise and experts say investors will be very aware of this issue. All this, on a day prior to the ECB meeting, the first of the year and preceding the Fed, on Wednesday 29.
In another order of things, the 'impeachment' against Donald Trump in the Senate began on Tuesday and continued well into the night. While the US president boasted in Davos of how well the US is doing thanks to him, the Democrats are still committed to the impeachment process. The duration of it is unknown, but what seems more than clear is that it will not go follow through given the Republican majority.
In the micro sphere, business results continue to be published. Netflix rose in the 'after hours' trading after presenting figures, with increased earnings and subscribers in the fourth quarter. Also a reminder that Bankinter opens the results season in Spain this Thursday.
Regarding the technical aspect of the Ibex, the experts of Bolsamanía insist on the idea of laterality, although it is possible that the ECB will be able to move the selective this Thursday. At the moment, this Wednesday session could be more of transition and some recovery after the scare of last day because of the problems in Asia.
By values, investors are still pending on the banks (which continue with their downward drip) and other securities, such as IAG, which today rises slightly after suffering yesterday 'beautifully' due to the impact of the situation in China.
On the macro level, shortage of references highlighted this Wednesday.
