The Ibex 35 ended the session this Thursday with a fall of 0.13%, at 9,567 points. In the last session, the index stayed caressing the 9,600 points, but in this one it has moved away from this level. Moreover, the selective has lost the opportunity to chain four positive sessions.
- 11.435,700
- -0,28%
The best values in the market were Técnicas Reunidas (+ 1.10%), Acciona (+ 0.57%) and Cellnex Telecom (+ 0.49%). For their part, the companies that led the declines were Aena (-1.45%), Arcelormittal (-1.06%), Aena (-1.23%) and DIA (-0.83%). The steelmaker has been affected by the possibility that the Italian government could cancel the sale to the Ilva company for being"illegitimate".
On the other hand, it is worth highlighting the strong rise of MásMóvil in the main board. The 'teleco' has shot up more than 8% after the support of Barclays, which has raised the recommendation.
The national stock market has used the truce of the Turkish crisis to chain three sessions in positive, with a BBVA (-0.52%) that continues to stain the index and ACS (+ 0.33%) that also traces its own. However there are risks for the construction of Florentino Pérez because Moody's has put in review for a possible downgrade in the rating of its partner Atlantia and the subsidiaries of this Autostrade and Aeroporti di Roma, as a result of the collapse of the bridge that collapsed in Genoa (Italy).
CHINA, USA ... AND TRUMP
Also, this day has been marked again by US policy, which keeps investors on alert for the umpteenth scandal of its president, Donald Trump. The latest information about the scandal of the president shows that he has accused his ex-lawyer, Michael Cohen, of "inventing stories", explaining that he knew that he had paid two of his "lovers" hush money and that the money it did not come from the electoral campaign, which would constitute a crime of illegal financing.
In fact, Trump has warned on Thursday that the market would "collapse" if he is impeached. It should be noted that on Tuesday former head of electoral campaign Paul Manafort was sentenced to prison for eight charges of tax and banking fraud.
Both the judicial situation of Cohen and Manafort, two close collaborators of Trump during his career towards the White House, could complicate his Presidency just as he approaches the equator with the midterm elections next autumn.
ECB
Another reference to which investors have paid attention this Thursday has been to the minutes of the last meeting of the European Central Bank. In them, the body chaired by Mario Draghi is concerned about the threat of a protectionist escalation that, in his opinion, represents a major risk to the growth of the economy.
The trade war has returned with force this Thursday with additional tariffs between China and the US of 25%, which raise the tariff bill to 50,000 million since July coming into action today. The tariffs were introduced despite two days of negotiations between the heads of trade of both powers in which the market has put many expectations start in Washington.
OTHER STOCKS
All in all, the main European stock markets have quoted with mild or moderate falls this Thursday, as the Ibex. Most of them have turned around especially towards the end of the session.
Meanwhile, Wall Street also trades at a loss on its three main indices. On Wednesday it was affected by the scandal in the White House and the US stock exchange ended with a mixed sign.
Asia has also closed with a mixed sign on Thursday, where, unexpectedly, Chinese exchanges have ended in green (Shanghai: + 0.44% and Shenzhen: + 0.66%), although Hong Kong's Hang Seng it has closed in red (-0.45%) and the Nikkei has also advanced 0.22%.
TECHNICAL ANALYSIS
Although the Ibex 35 has marked a maximum in the session at 9,630 points, José María Rodríguez, technical analyst at Bolsamanía, explains that "the last of the bearish gaps (9,602) has not been closed, it has simply been filled in or what is the same thing canceled, for the moment the Ibex has not been able to overcome the first of the resistances, the last of the bearish gaps ".
However, "this does not necessarily mean that we have to look for new annual minimums, at 9,327 points", adds the expert. "In any case, what is really important is that the support we have at the March minimums is respected at all times (9.327) For the rest of our European neighbors the support to respect we have in the minimums of last week, the 12,100 points of the future of the Dax and the 3,330 points of the future of the Euro Stoxx 50 ".
"As long as all the supports mentioned are respected, we will leave the door open for the rebound (corrections points higher). If then said rebound ends up being something more than that, only time will tell us ", concludes Rodríguez.