The Ibex (+ 0.25%) continues its climb towards the resistance of 9,260 points

The Ibex closed with a rise of 0.25%, to 9,227 points, and continues to search for the key resistance of the entire 9,260.

In business, today it seems that the soap opera of the Abanca over Liberbank comes to an end. The Galician bank has confirmed that it has finally given up on its efforts to buy Liberbank given that you can not access the books of the entity before making the offer. After hearing this news, Liberbank has fallen strongly (-9.66%) in the Continuous Market.

Also, at the business level, this Tuesday we highlight the update of the Strategic Plan 2018-2022 of Iberdrola. Energy has a profit of up to 3,9bn euros in 2022 and a dividend increase to 0.40 euros. Their titles have not moved much, as they have finished the session with a 0.03% retracement.

In addition, several companies have published results, such as Abengoa, which posted losses of 1,4bn euros in 2018.

Within the Ibex 35, Inditex has emerged as the most bullish value, with a reimbursement of 2.90%, after the Citi experts have reiterated their purchase advice on the company. In addition, we have improved its benefits based on its price and up to 31%, which represents a potential close to 20%.

On the side of the losses, we must highlight an IAG, which has been the worst value of the Ibex with a decline of 3.28% before its next exclusion from the MSCI index in Spain, which will become effective as of March 1.

INVESTORS FOCUSED ON TRUMP AND BREXIT

All this, in a day in which investors are watching Donald Trump and his next meeting with Kim Jong-un, who has already arrived in Vietnam, and Brexit still riddled of unceirtainty, according to the latest news.

Donald Trump will hold an initial meeting with the North Korean leader on Wednesday, which will be followed by a dinner with advisers. The president of the United States is scheduled to arrive in Vietnamese on Tuesday, while Kim Jong-un will remain in the country until March 2.

The meeting in the Vietnamese capital is held eight months after its historic summit in Singapore in June, the first in a US president in offce to meet a North Korean leader, in which he pledged to work to achieve complete denuclearization of the peninsula of Korea . A closer approach of positions between both would be well received by the market.

For its part, the British Prime Minister, Theresa May, had no choice but to accept a possible delay of Article 50, scheduled for March 29, if the British Parliament has not achieved after the adoption of the Declaration of Withdrawal. This Tuesday the House of Commons will vote on the issue and act on its decision.

The extension of Article 50 of the Treaty of Lisbon, which refers to the deadlines for the departure of a country from the European Union, was the smallest of the problems, among which the month of May was chosen. The 'premier' was the supporter of being able to present a Brussels in relations with the possibility of a 'hard' Brexit if she did not agree to change some points of the agreement, but in the end the decision of the workers to support a second referendum.

As for other appointments on Tuesday's agenda, in addition to everything related to what happened in the British Parliament, investors are also focused on Jerome Powell, president of the Federal Reserve (Fed).