Ibex goes back on Christmas week

Markets face the last week before Christmas with perspectives that couldn't be better. It seems that the markets, especially the Europeans and, more specifically, Ibex, took the result of the referendum in Italy as a signal to start climbing and not stopping. The Spanish index surpassed last week the highs of the year and closed above 9,400 points (9,412 points). Now, it has 'at its fingertips' the possibility of closing the year even with gains if he manages to finish above 9,544 points. At the moment, it opens with slight drops of 0.39%.

From the lows of Monday, December 5th, one day after the result of the consultation in Italy, Ibex has risen more than 10%. In addition, César Nuez, analyst of Bolsamanía, specifies that also the EuroStoxx 50 is doing very well. "It goes a few strides ahead of the Ibex. Last December 7th was already able to overcome the resistance of 3,100 points", he explains. At the same time, as it could not be otherwise, the American stock markets are still packed, marking historical highs day after day, especially the Dow Jones. "The Dow Jones offers an unbeatable technical aspect. Since Trump's victory, the American index has revalued more than 11%," says Nuez.

This year, the Christmas holidays coincide with the weekend, but that will not prevent this week from being characterized by a lower volume of business and greater peace of mind. Or not. Because, when some rest, others take advantage to make their particular August, and this week could be moved again, especially because the lower volumes of business usually translate into more sudden movements in the indexes.