• Acciona has led the earnings followed by Siemens Gamesa
  • In the main board Prisa and Saeta Yield have been decisive
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The Ibex 35 manages to close in green in spite of the red numbers that have settled in the European stocks this Monday. The Spanish index has gone up a 0.5% which has left the doors open for the 10,500 points (10,467). The session has been atypical because Wall Street is closed due to the Martin Luther King holiday.

IBEX 35

  • 11.531,600
  • 0,50%

On the side of the rises, Acciona has led the earnings after closing with an increase of 3.36%. Siemens Gamesa has followed (2.57%), that has accumulated rise over 11% in 2018 after being one of the worst values of the Ibex in 2017. The third value that has risen the most has been Endesa with a 1.43%.

IAG has been the value that has dropped the most with 2.57%. It has been followed by DIA (-1.79%) and Grifols (-1.1%).

In the main board the rises of 9.02% of Saeta Yield are a highlight, under the close look of the Canadian Brookfield fund that may buy the company. Likewise, Prisa should be highlighted, that closes with a rise of 8.47% with the knowledge that there could be an agreement close by with their creditor banks.

EUROPE, CURRENCIES AND COMMODITIES

In spite of everything, the Ibex and the rest of the European stocks have started the week without the reference of Wall Street with a fairly empty agenda this Monday. The only thing that is worth mentioning is the trade balance of the Eurozone this November that has been placed in the 22,500 million euros in line with the 22,400 millions predicted.

Except for the Ibex, the European stocks have closed in red although with light losses (Dax 30: 0.33%; Footsie 100: -0.11%; CAC 40: -0.04%).

Aside from the variable income, the main character is still the euro that is still rising above the 1.22 (1.2264 + 0.52%). The latest news coming from the European Central Bank, with that open possibility of rising the rates quicker than expected and a political agreement in Germany where the coalition of Angela Merkel and Martin Schulz’s parties have catapulted the European stocks last week.

As for other references, gold is on the rise, boosted by the weakness of the dollar. No it’s at 1,341.7 dollars an ounce, a 0.51% increase. As for petrol, at the close of the Spanish market (Brent barril: +0.19%. 70.00 dollars. Barril WT: +0.4%. 64.56 dollars).

It should be highlighted that this week the publishing of the business results of the final quarter and the whole of 2917, specially in the US. On Tuesday we will know the accounts of Citigroup and on Wednesday the Bank of America and Goldman Sachs’, among others.

TECHNICAL ANALYSIS

José María Rodríguez the technical analyst of Bolsamanía has explained that in the last five sessions, the Ibex has just moved between 10,400 points and 10,500 points. Nevertheless, it places itself at 1% of the important resistances of 10,600 points, highs of November. “Only over this resistance and preferably during the week and with a bit of room will we have the important sign of strength,” says the analyst. Also he points out that the banks are still a symbol of strength and “only with them will we manage to go over the resistance successfully”. Although, Rodríguez adds that what would be ideal is that Inditex and Telefónica would go along with the bank.

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