The Ibex falls 1% in a session led by falls in worldwide stocks

Few green values ​​in the Spanish index this session. Inditex has been the most bullish value and has risen 1.04%, followed by Siemens Gamesa (+ 0.97% and Gas Natural (+ 0.38%), which has sold to Allianz and CPPIB 20% of the gas distribution network for 1,500 million, Abertis (+ 0.22%) was one of the few values ​​in green, waiting for Tuesday if ACS and Atlantia present the joint bid for the company.

On the other hand, Grifols led losses after dropping 3.81% on Monday, followed by ArcelorMittal (-3.31%) and Repsol (-3.02%).

But, undoubtedly, the largest movement was recorded in the companies of the main board. This session highlighted the strong increases in Audax Renovables (+ 15.98%) or Tubos Reunidos (+ 30.76%). In the case of the first, the corporate director, Eduard Romau, has granted an interview to 'Bolsamanía' in which he explains in the opinion of the company what the good behaviour of his titles is due this year. As for Tubos Reunidos, it has issued a statement to the National Securities Market Commission (CNMV) raising its strengths in the face of the doubts of its auditor, PwC, which has led to significant declines in stock markets.

FCC also shot up 5.46% on Monday after selling Aqualia's 49% to the Australian fund IFM.

On the side of losses, highlights Sniace, which has dropped 14.8% after announcing a capital increase. Finally, we highlight Vértice 360º, which has not yet managed to mark the first change. The company plummeted more than 42% on Friday amid the CNMV's warnings about its solvency.

EUROPE

Nerves are palpable in the atmosphere during this week, both in the European and American stock markets. Red numbers in all the major indexes of the Old Continent, especially the Dax 30 and the Footsie 100, with losses higher than 1.4%.

The market is awaiting the next meeting of the Federal Reserve and the meeting of the European Council on Thursday. On Wednesday, the conclusions of the first Federal Reserve interest rate meeting with Jerome Powell as president will be announced, in which, in turn, the first rate hike of the central bank of the three planned will be announced.

It should be noted that, in addition to the Fed meeting, this week there is a Bank of England (BoE) type meeting, on Thursday, and a key meeting of the European Council, also on Thursday, in which the main focus will be Brexit. It should be noted that on Monday it was announced that the European Union has accepted a biannual transition period with the United Kingdom.

On the other hand, this Monday Vladimir Putin is the focus, who has been re-elected president of Russia again in the elections on Sunday with more than 70% of support

TECHNICAL ANALYSIS

José María Rodríguez, technical analyst of 'Bolsamanía', highlights that the Ibex draws a "return to the island" just when the Nasdaq falls above 2%. The expert explains that this formation, when it occurs after a strong 'rally', as it is the case, "usually comes with important falls". Therefore, he warns: "Be very careful with our Ibex, which is also the weakest of all the major European indexes."

In addition, Rodriguez adds that the rebate of Santander fits in a 'pull back' to the "clavicular line of a formation (confirmed) in 'head and shoulders' that could take you in the coming days / weeks to 4.8 euros" .

Finally, the analyst explains that "it makes us equal to list at 9,600 or 9,850 points" since the recovery of the index is to close above 9,950 points. In this situation, Rodriguez believes that "we can not rule out a return to 9,500 points or even the 9,250 points."