The Ibex rebounds 1.55% this Friday, but yields 0.7% in the week

Day of important rebounds this Friday for the Ibex 35 (+ 1.55%) and the rest of European stock exchanges,mhowever, they have not managed to compensate the falls of the rest of the week, in which the selective has fallen a 0,72%. The increases registered in Europe have been supported by the rebound registered yesterday by Wall Street, with which the US stock market managed to strengthen its historic rise on Wednesday.

Within the selective, the value that has risen the most has been Sabadell (3.27%), preparing the launch on January 1 of a great campaign to place its star funds among small customers. The next top values were Repsol (3.13%) and ACS (2.66%), while Gamesa (-0.90%), Acciona (-0.39%) and Colonial (-0.37) %) were the only values ​​that did not take advantage of the momentum of the rest of the selective group and closed in red.

In the Continuous Market, DIA (+ 7.75%) was the undisputed protagonist of the day after having closed yesterday with the biggest increase in its history. This morning, DIA announced through a relevant event, that it is finalizing an agreement with its banks to refinance its debt until May 31, 2019. In addition, it has appointed Jaime García Legaz as the new president of the group. The announcement made the supermarket chain soar by 15%.

Also in the main board, Pescanova (+ 36.40%) stood out with a spectacular rise in the final stretch of the session, after announcing that it had managed to paralyze any embargo on its assets, as a result of the bonds imposed on a car dictated by the past June 11, 2018.

In the currency market, the euro increased in value 0.13% against the dollar, to 1.1448. In the commodity sector, after the sharp correction of oil on Thursday, the West Texas barrel has returned to green with a rise of 0.56% while the Brent barrel falls 0.23% to $ 53.04.

TECHNICAL ANALYSIS

For the Bolsamanía technical analyst, José María Rodríguez, "the rises of this Friday in our selective do not mean anything, just a simple rebound after a fall of 8% in two weeks." Rodriguez believes that the rebound could have "continuity in the shortest term, with a first objective to rise to the most immediate resistance: the 8,600-8,630 points, and we can not rule out even higher levels, falls both in Europe and on Wall Street and with levels of volatility similar to those reached during the important falls of the end of January / beginning of February. "

In short, the analyst believes that "the rebound that has begun this Friday may have continuity in the coming sessions / weeks, but yes, all within a major corrective phase." We are not talking about a change of trend because we don't have a figure of return, no sign of exhaustion of the falls, just a simple rebound, like many of the ones that we have had throughout the year ".

WALL STREET LISTS FLAT

The extreme volatility that we are witnessing lately on Wall Street seems to have taken a truce today and the main US indices are listing at these practically flat hours. The parks of the US ended positive on Thursday to reaffirm their historic rise on Wednesday, a day where it reached the largest increase (in points) in its history in its three main indices.

"Just when everyone took for granted that the market would continue to fall, it bounces," said John Carey of Amundi Pioneer, describing Wednesday's as "very positive and surprising". In addition, he highlighted as "catalysts" the fact that Jerome Powell, president of the Federal Reserve, and Steven Mnuchin, secretary of the US Treasury, seem to have secured their employment ... for the time being.

In the Asian parks green has also predominated, except in Japan, which has corrected slightly after its strong advances in the last sessions. It should also be remembered that the Italian and German stock markets closed their own stock market on Friday with consecutive falls of more than 10%.