The European indexes are listed with bulky falls this Thursday, as does the Ibex, which has recovered at some times of the day but returns due to its privileges (-0.7%. 9,478 points). The collapse of Siemens Gamesa, together with the pressure of all the companies affected by the coronavirus (Meliá, Amadeus, IAG ...) keeps the Spanish index in red. The experts of Bolsamanía believe that the increases of the last days have been a simple rebound to continue falling. The health crisis situation due to the coronavirus continues to be very worrying. There are already 170 dead and 7,000 infected. The number of cases increases with each passing day and Federal Reserve (Fed) President Jerome Powell said Wednesday that the Wuhan virus is the main risk for the markets right now.
- 11.536,800
- 0,05%
This Thursday continues the publication of results of banks in Spain. We will see those of Sabadell at the close of the market while Liberbank (won 0.6% more in 2019) and Unicaja (its profit rose 13% last year) have already announced theirs. Outside Spain, Deutsche Bank has reported losses of 5.3 billion in 2019.
In addition, within the Ibex Siemens Gamesa made the news, which has sunk after announcing a profit warning last night, the third since July. The news has been heavily penalized and its shares have yielded 9.08%.
As for other news, Brexit is the protagonist this week as this Friday the United Kingdom will be leaving the European Union. The issue is once again on the agenda of the European Parliament, which meets Thursday. Meanwhile, in the United Kingdom, the Bank of England has announced that it leaves the rates unchanged in what has been the last with Mark Carney at the head of the agency.
As for other references of the day's agenda, the Euro Zone strike closed 2019 at 7.4%, its lowest level since 2008, while the German CPI has increased in January to 1.7%, close of the 2% target of the ECB. In addition, the PCE and GDP of the United States were also published today.
TECHNICAL ANALYSIS
"The session on Thursday was very interesting, since the Ibex has confirmed the resistance is in the bearish hole of Monday (which may end up being a weekly one). The important rebound of the last two sessions has served to fill this gap in its entirety (not to close) it, (9,562 points) so what it has done has been to fill it and turn it down again, "explains José María Rodríguez, technical analyst at Bolsamania.
"It remains to be seen if it is to take the run down and drill the support we have in the minimum on Monday (9,358). If this support is attacked and drilled at the close, the next stop is at 9,100 points. Or said in other words, to the extent that our selective does not close above 9,562 points the bias of 'trading' in the best scenario will be lateral, "he says.
"Looking at the stocks of the Old Continent we have to be cautious in the short term, since we have at this moment the future of the Dax slightly drilling the bullish guideline that has been supporting the whole rise since last August. In short, the turn at the bottom of our index after filling the bullish gap in its entirety is not exactly a sign of strength, "concludes the expert.
