The Ibex rises around half a point and faces the last session in the week with the objective of overcoming resistances and closing above the 9,265 points. The hangover of the decision of the European Central Bank (ECB), the scant progress of the trade talks between the US and China, concerns about global growth and geopolitical tensions will weigh on the mood of investors.
- 11.473,900
- 0,33%
In the Ibex the increases of Arcelor (+ 4.5%) and Sabadell (+ 3.5%) stand out, in addition to the fall of Merlin Properties (-1.9%).
On Thursday, the national team managed to close with slight increases (+ 0.23%), after losing all the ground gained in the morning, thanks to the Bankinter locomotive after presenting results.
The turning point was the ECB's message, which left its monetary policy unchanged at its first meeting of the year, but Mario Draghi said he sees more "downside risks" for economic growth.
The central bank postponed to March any change in its ultra-expansive measures and sent the message to the market that it is ready to trigger new stimuli if necessary.
The banking sector suffered from the almost certainty that the negative rates will not come until 2019 and entities ended with falls ranging from 2% from Sabadell to 0.4% of BBVA and Santander. Bankinter ended in the green. This Friday the bank has also woken up in red, although at the moment it is listed in green.
In the rest of the European markets, green also dominates to close the week (Cac 40 + 1.1%, Dax 30 + 1.6%, Ftse 100 + 0.3% and Psi 20 + 0.7%).
In addition, investors will remain very aware, at the geopolitical level, of what is happening in Venezuela, with the 'self-proclamation' of Juan Guaidó as president of the country. The market seems to have welcomed the challenge of the opposition leader, both the bond and the stock market. Venezuelan sovereign debt is attracting investors, who have jumped at the chance to buy bonds in anticipation of the fall of the Nicolás Maduro regime.
Maduro has accepted an international mediation and Guaidó, who has received the backing of the US and other powers, does not rule out an amnesty for the current Venezuelan president if he abandons power.
In other markets, specifically on Wall Street, the Nasdaq rose 0.68% and the S & P 500 0.14%, while the Dow Jones lost 0.09%. Investors evaluate the latest news about the trade negotiations between China and the US, after Commerce Secretary Wilbur Ross commented that both countries "are many miles away" from reaching an agreement.
The Asian parks, however, have managed to close with advances of more than 1% on average, in a day in which the Nikkei has joined the rises, with a boom of 1.17% after the CPI of Tokyo has shot 1.1% annually in January, above the forecast of 0.9%.
WHAT TO EXPECT FROM THE SESSION
Friday was marked by the publication of a series of economic surveys in Germany, a country whose macroeconomic situation is causing much concern and which has a major influence on all European markets. Among the publications highlights the Ifo index of business confidence and the current situation of Germany, which has fallen to 99.1 in January from 101 December and below the market consensus, located at 100.7.
The interannual Producer Price Index (IPP), an inflationary indicator that measures the average change in sales prices for local producers of goods and services in Spain, will be published.
Finally, investors will be alert to macro data published in the United States, highlighting that of orders for durable goods in December and new home sales.
