The Ibex and the rest of European stock markets rebound after the new shock of the Korean crisis

The most revalued values ​​on Wednesday are Acerinox with a rise of 4.7%, ArcelorMittal has climbed 2.77% and Ferrovial has risen 2.66%, while the largest decreases have been for Endesa (-1, 19%), IAG (-0.47% ), Inditex (-0.36%), Iberdrola (-0.29%) and Red Eléctrica (-0.24). Among the selective blue chips, Repsol has climbed 1.61%, Aena 1.19%, Banco Santander 0.69%, Telefonica 0.32% and BBVA 0.25%.

Investors are still very much awaited by any reaction from the United States, North Korea or China regarding the responses and sanctions following the launch of the last missile. King Jong Un, the Korean leader, has warned that the launch of the missile is "a prelude to an attack on the island of Guam." The United States has already said that it is considering tightening sanctions in North Korea and does not rule out any response to its latest weapons challenge.

Apart from North Korea, Storm Harvey still worries the markets. At the close of the European market, oil increased its declines and cut 1% on average (Brent trading at 51.1 dollars and West Texas at 46.1 dollars). Crude yields to reduce demand from refineries due to the hurricane. Even so, there is other news that is keeping the price of oil relatively stable, such as the interruption of Libya's supply and Colombia, or new speculation about the OPEC (Organization of the Petroleum Exporting Countries) production cut-off agreement.

The evolution of refugee assets (gold, yen, Swiss franc ...) due to the flight of investors as tensions increase with North Korea and, of course, the evolution of the Euro, which surpassed in the past day 1.20 against a dollar that does not stop being pressed by too many uncertainties. The single currency now yields slightly against the greenback, 0.55% to $ 1.1908.
On the agenda of the day, Spain's CPI has risen to 1.6% in August due to rising fuel prices. Meanwhile, Eurozone economic sentiment in August has risen more than expected (up 111.9) thanks to greater optimism in industry and services among consumers. While the German CPI stood at 1.8% in August, compared to 1.7% in July and 1.6% in June, according to provisional data released today by the Federal Statistical Office (Destatis).

The US GDP has grown 3% in the second quarter of the year. The second estimate of GDP by the Bureau of Economic Analysis has surpassed what was expected by Reuters analysts, who put the growth at 2.7%. This increase is one tenth higher than that recorded in the first estimate (+ 2.6%). While the private sector has created 237,000 jobs in July in the US, a figure that is higher than expected.

"The Ibex 35 closes at the doorstep of the zone of resistance that presents in the bearish hole of this Tuesday in the 10,286 points.Close it would be a first sign of strength of very short term.Above the next zone of resistance we place it In the 10,444 points and above the top of the bearish channel that has been displacing the price for four months In fact and every time the index has been based on the channel of the channel (by definition support zone) has tried Look for the top Of it, "explains José María Rodríguez, technical analyst at Bolsamanía.

"In any case what we should know is that, bounces apart, the short-term trading bias remains bearish." Long as the decreasing highs and lows are still there, it is not good to have any illusions about the slightest bounce. The market has told us that we do not jump over the 10,758 points here, nothing has happened, but we will begin to look at our index with other eyes, "says Rodríguez.