Europe and the Ibex remain calm while Wall Street rests

Europe and the Ibex (+ 0.04%, 10,464 points) remain calm this Monday morning, in a day that does not have the reference of Wall Street, closed with the Martin Luther King day's. At this time, Endesa and Siemens Gamesa are the best values of the spanish market while the worst are DIA and ArcelorMittal. Banks also take a break and give in right now. In the the rest of the market, the highlight is Prisa, which rises more than 10% for the information that points to the imminence of an agreement with its creditor banks.

Although the accumulated rises of last week were not excessive (+ 0.5%), the truth is that the Ibex has started 2018 with strength and without any desire to get off the rest of the places of Europe in the rises. After shooting more than 3% in the first week of 2018, the green of Wall Street is driving all the places, and with them also to the Spanish index. In addition, the behavior of financial institutions, which have so much weight in the Ibex, is getting better.

Outside of equities, the protagonist will continue to be the euro, which continues to climb above 1.22. The latest news from the European Central Bank (ECB), with that open possibility of raising rates faster than expected, and a political agreement in Germany, where the coalition between the parties of Angela Merkel and Martin Shulz has already been put on track , catapulted to the European currencies last week. The euro extended its gains to 1.2240, a record 37 months and has accumulated a boom of almost 2.5% since last January 11.

As for other references, gold is rising, driven by the weakness of the dollar. Now it is at 1,343.3 dollars per ounce, 0.69% above. Oil is also benefiting from the fall of the dollar, with Brent rising 0.20% to $ 69.71 per barrel, and the WT 0.35% to $ 64.38.