The Ibex has taken the opposite to the rest of European stock exchanges. A situation that is usual, but not positive. This Friday, the selective has risen 0.04% to 9,724 points, while the other indices of the Old Continent have opted for red after the statements of US President Donald Trump.
- 11.656,600
- 0,39%
Siemens Gamesa has been the value that registered the highest increase. The company has advanced 4.75% to 12 euros, without there being any news or communication. Cellnex Telecom has gone side by side with him in the upper part of the table with a rise of 2.56%. The third highest value was Enagás, which has revalued 1.6%.
The energy company, together with two European companies, has closed the purchase of a Greek gas distributor. The European consortium formed by Enagás, Snam and Fluxys has signed the agreements with the Asset Development Fund of the Hellenic Republic (HRADF) and Hellenic Petroleum for the acquisition of a 66% stake in Desfa.
Of the large stocks, Iberdrola registered a rise of 0.48%. On the other hand, Telefónica and Inditex closed with an increase of 0.3% and BBVA rose 0.28%. However, Banco Santander has been the 'blue chip' that has not followed the trail of the others and closed with a fall of 0.04%.
However, it has not been the value with the highest drop in the Ibex. ArcelorMittal has returned to be the red lantern of the session with a fall of 2%. In addition, Cie Automotive has fallen 1.75% and Mapfre, 1.33%. On the other hand, Santander has not been the only bank in negative, since Banco Sabadell has also dropped 0.8%. The entity was yesterday one of the protagonists for its sale of brick. A decision that analysts have celebrated.
In the main board, MásMóvil has risen 1.62% after it announced that it has acquired 5G Eurona spectrum for 30m euros. Highlight the falls of Duro Felguera 15% after it has completed its expansion and awaiting the result. However, banks will save the bankruptcy engineering even if it does not reach 125m euros. On the other side, Pescanova has shot up 10.5%.
OTHER MARKETS
The rest of the stocks of the Old Continent closed with falls. The German DAX 30 has fallen by 1.08%; the French CAC 40, 0.37%; and the FTSE 100 in London has lost 0.13%. For its part, Wall Street is trading higher, despite the fall of the dollar against the euro and the resurgence of the US trade war with China.
The week has been marked by Donald Trump from its beginning to its end. Thus, at the beginning the 'big issue' was undoubtedly that summit at the highest level between Donald Trump and Vladimir Putin that hardly had an impact for market purposes.
US President Donald Trump has once again shown that he has no problems interfering in the exchange rate of the dollar. In an interview on CNBC has charged against the strength of the 'greenback', which is a problem for exports, according to his words. And it has gone further by criticizing the pace of rate hikes by the Federal Reserve (Fed). The euro rises 0.5% to $ 1.1706.
"The comments of the US president, criticizing the pace of the rise in interest rates of the Fed, as well as the strength of the US dollar, particularly against the Chinese yuan and the euro, caused the US dollar to fall from its levels. higher levels this year, US markets also fell for the same reasons, "said Michael Hewson, chief analyst at CMC Markets in London.
"Traditionally, US presidents should not comment on monetary policy given the independence of the Federal Reserve, however, these are not traditional times and, although the comments have surprised and provoked many criticisms, in the long term it is unlikely to delay the trajectory of interest rates of the Federal Reserve, something the president will have to get used to, "adds this expert.
On the other hand, the president of the United States, Donald Trump, has said that he is prepared to apply tariffs to all Chinese products imported to the United States if necessary. "I am ready to reach 500bn," the president said in an interview with Joe Kernen, from CNBC's 'Squawk Box'.
TECHNICAL ANALYSIS
"If this Thursday we closed far from the highs of the session this Friday we do it far from the lows of the day," says José María Rodríguez, technical analyst at Bolsamanía. "But in reality everything remains the same," he adds. There are no changes in the technical aspect. The Ibex is still inside the channel and we are still in the no-man's zone, far from the key supports, such as 10,060 points above and 9,470 points below. And meanwhile we can only wait for the price, once and for all, to be decided.
Among the large securities, it is worth mentioning the supports that present some of the most important securities, such as: BBVA (5.8), Santander (4.45), Telefónica (7.16) and Inditex (28.75) . To the extent that they hold, it is possible to maintain the hope that, finally, our selective will break above the triangle. Note also the numerous resistances in our index are within the price range of 9,970 and 10,070 points. "It will not be easy to leave them behind," concludes José María Rodríguez.
