The Ibex (-0.22%) has taken a turn and has closed with losses after the voting in of Pedro Sánchez as President of the Government and the relative international calm. Tensions between the US and Iran seem to have diminished - for now - and that has helped widespread increases across almost all of Europe. Of course, they are moderate increases and that seem to be in decline.
- 11.473,900
- 0,33%
Within the Ibex, the increases in Grifols (2.74%) (thanks to an improvement of Barclays) and Cie Automotive (3.38%) have stood out on Tuesday. On the negative side, the energy companies stand out Endesa (-2.11%), Siemens Gamesa (-2.09%), Iberdrola (-1.9%) and Enagás (-1.53%) have taken the worst part of the day. In the Continuous there is again a lot of movement, with strong increases in Quabit by the entry of Carlos Slim and a lot of volatility in Deoleo. In addition, the case of Audax Renovables is striking, unlike its competitors have closed with a revaluation of 13.67%.
"The focus remains on the geopolitical situation in the Middle East, but it seems that financial markets have already discarded the worst fears. European equity indices ended yesterday in red, but the losses were weaker than indicated in the The US equity markets managed to close in positive territory, as investors returned to large technology companies. In Asia, the Nikkei has risen 1.4% this morning, "explained the experts at Danske Bank .
Oil and gold continue in the spotlight, as they have been especially impacted by all this geopolitical tension. The first descends after the last high before the possibility that this situation affects the offer. Brent is now leaving 0.8%, to $ 68.32, and West Texas yields another 0.8%, to $ 62.75. As for gold, it cuts positions on Tuesday after advancing strongly in the last session and marking the 1,579 dollars, maximum since April 2020.
In the macro data chapter, inflation in the Euro Zone in December stands at 1.3% compared to 1% in November and 1.3% estimated. Retail sales, meanwhile, grew 1% in November. As for other highlights, this Tuesday kicks off three days of debate in Parliament about Brexit in the United Kingdom. Given the majority of Boris Johnson in the House of Commons, everything suggests that the exit should be easily approved. The focus will be after this on the "real issue", as experts say, which is none other than negotiating a trade agreement with the European Union (EU).
TECHNICAL ANALYSIS
"The Ibex closes without major changes on Tuesday, keeping intact the good 'feeling' of the short term. After all, the falls of recent days have found support at the level of 9,468-9,500 points (bullish hollow of the session of December 13). So, after partially filling it out, that not closing it, the short-term 'trading' bias remains intact, "explains José María Rodríguez, technical analyst at Bolsamania.
"The candle this Monday is a 'hammer' in support levels. Which means that as long as the price does not close below the minimum on Monday (9,492) we will not have any sign of weakness" nuance.
"Therefore, it is possible that what we have in front of us is neither more nor less than a small 'throw back' to the clavicular line of a potential inverted 'head and shoulders' that, if fulfilled, it would point towards the area of the 10,500 points as the objective of the theoretical minimum rise. Then, it should be said that the downward drip of the last two weeks fits absolutely within the normal parameters ", concludes the expert.
