The Ibex (+ 1.03%) closes its ninth session in green driven by the banking sector

The Ibex remains no further than 100 points from the key resistance of the 9,671 points, which will mark a possible change of trend in the Spanish index. Cie Automotive has led the rises this Thursday with an increase of 2.62%, followed by Técnicas Reunidas (+ 2.41%). Telefónica was the other bullish value of the day, with an increase of 2.39%. The operator aims to move away from the danger zone, in the Brexit lows (6.6 euros) with monthly 'oversold' levels not seen since 2012, as explained by the 'Bolsamanía' technical analyst, José María Rodríguez.

Also in greenthe banking sector, with profits of over 2% for Sabadell (+ 2.15%) and Bankia (+ 2.04%). Rises above 1% also for Santander (+ 1.73%) and BBVA (+ 1.47%). Caixabank closes as the only bank in red of the selective (-0.55%). Likewise, earnings of 1.94% for Inditex.

On the data side, catches of 2.37% for Indra, which closes as the most bearish value. Few values ​​in red, among them Meliá (-1.25%), Repsol (-0.68%) or DIA (-0.5%).

Wall Street closed this Wednesday with a predominance of green numbers (Dow Jones: + 0.61%, S & P: + 0.13%, Nasdaq: -0.08%) while in Asia it was also a mostly positive day. The stock markets are quiet after having maintained as they were despite the commercial tensions between China and the United States. In Europe, also day of rises of more than 1% for the CAC 40 and around that figure in the DAX 30.

TECHNICAL ANALYSIS

José María Rodríguez highlights that the Ibex continues to approach the important resistance of 9,671 points. "This level is key in the sense that it is the first step to be able to build, later, a back figure," explains the analyst. Rodríguez points out that since May we have "impeccable falling highs", which means jumping over (real in closing prices and with ease) would be the first sign of strength (real) of the last five months.

Above that level, the expert explains that the next resistance zone is at 9,850-9,950 points. And his feeling about the Ibex is that "it improves every day" because the banks support the rebound of the selective. "In fact, the European index of banks" (Euro Stoxx Banks) marked last week in recent years. And it did, at tick, from the adjustment / recession level of 61.8% of the whole rise of the Brexit minimums ", adds the analyst, which, he explains, means that at the moment everything is a simple rebound, but that can be used again, if the minimums of the last week are always respected, the figure of the return is built and restructured upwards in the medium term terms: "It is a scenario that can not be ruled out".

THE POLICY MARK THE DAY

At the national level, political tension remains the predominant note. The media continues to speak of Pedro Sánchez's "flight forward", now in the form of what is described as a "trap" to take the Budgets forward. Each measure announced by the President of the Government will be assessed as more desperate, and early elections are increasingly tangible.

Within these measures of the government, today the decision is taken to suspend the tax of 7% on the generation of electricity announced yesterday afternoon, valued by the experts as "negative" for the sector. The Minister of Ecological Transition, Teresa Ribera, reported the news during his appearance in Congress.