- The crisis with Syria could be the next big problem for the markets, analysts say
European stock markets have reacted to Trump's last words about Russia with losses. The Ibex 35 has increased losses to end the session with a fall of 0.28%, but remains above the 9,700 points (9,735 points).
- 11.435,700
- -0,28%
In the Spanish selective, Cellnex has led the gains by rising 2.88%. At the top of the table were the energy companies, mainly Iberdrola (+ 1.76%) and Red Eléctrica (+ 1.1%). This Wednesday, the president of Iberdrola, Ignacio Sánchez Galán, has been willing to continue leading energy until 2023.
As for the losses, Colonial Is highlighted, which has dropped 2.65% after the merger with Axiare was approved on Tuesday. The real estate will pay a first of 6% to buy 13% of the socimi. Also in red, Siemens Gamesa, which lost 2.41%, and IAG, with 2.05%.
BUSINESS
Técnicas Reunidas has also closed in green this Wednesday, rising 0.76%. Francisco García Paramés explained on Tuesday his international and national bets during the annual conference of investors of Cobas Asset Management, and opined that "it is an optimal moment of purchase in Técnicas Reunidas".
Meanwhile, the largest retailer in the United Kingdom, Tesco, has shot up more than 7% after exceeding the forecasts with its results, to obtain a profit of 1,640 million pounds in its last fiscal year.
US, RUSSIA AND CHINA
The bags keep moving to the tune of Donald Trump's tweets. This has become clear after seeing the decreases increase after the last message on Twitter of the US president directly aimed at Russia. Trump warns Russia that it must prepare for the "beautiful, new and smart" missiles that "will come".
If the trade war between China and the United States has been the subject of the last few weeks - and still is - the possible response of Donald Trump and his allies after the chemical weapons attack in Syria begins to become a worrying issue, among other things because of the position of Russia, which supports Syria, and because of this frontal clash between the United States and the country led by Vladimir Putin in regard to this matter.
As for the trade war, more and more experts believe that China and the United States will eventually reach an agreement, especially after the last words of Donald Trump and Xi Jinping. "After the escalation of the dispute that took place at the end of last week, we have seen several signs that support the idea that an agreement will be reached," say experts at Danske Bank. This Tuesday night, Donald Trump continued with his tuis and said: "I am very grateful to President Xi for the kind words of China on tariffs and automobile barriers ... also, for his words on intellectual property and transfers of technology, we will make great progress together! "
THE PETROLEUM MARKS ANNUAL MAXIMUM
One of the protagonists of the day is the price of oil, which has marked annual highs above 72 dollars in the case of Brent crude, a reference in Europe. The raw materials in general are having a good performance after the opening message launched by China, which has been welcomed by the market.
TECHNICAL ANALYSIS
According to Jose Maria Rodriguez, technical analyst of 'Bolsamanía', the Ibex can not with the resistance of the 9,800-9,810 points, "and therefore we can not rule out that in the short term set course to the support that presents in the bullish gap of April 5, "close to 9,550 points. In addition, the analyst notes that "after a rebound close to 6% from the minimum two weeks ago, we began to observe a slight 'overbought' in daily chart," although notes that in the weekly are clearly 'oversold'. Therefore, Rodriguez believes that this supports the idea that we could attend a "small adjustment proportional to previous hikes."
In terms of securities, the analyst highlights the "renewed weakness of the banks" and the fact that Telefónica will try again (without success) to leave behind the resistance of 8.22 euros. Rodriguez also points out that the most benefited from this session have been, among others, gold, silver and oil: "Something logical, on the other hand, taking into account the statements of Trump." "In any case, what we must be very clear about is that, as we have said a few days ago, any possible recovery in terms of the medium and long term is to respect yes or yes the minimum two weeks ago, the annual minimums", concludes the analyst.