The Ibex falls after the results of Sabadell
The Spanish index ends on Thursday in red
- The Dow Jones is trading at levels of 20,100 points
- All eyes are on Donald Trump
- En castellano: El Ibex cae tras los resultados de Sabadell
Actualizado : 10:28
After opening with slight rises, the Ibex has been turned around quickly by Sabadell, CaixaBank, BBVA and Banco Popular, which are, in this order, the worst values of the selective. The index failed to close Thursday above 9,550 points and turned around. The goal of closing the week above this level seems complicated if the banks do not support.
In this session, business results will be news again. Swiss bank UBS reported fourth-quarter net profit down from the same period last year. The bank has blamed macroeconomics and geopolitics for the negative impact on customer sentiment and trading volumes.
In Spain, after Santander and Bankinter, this Friday we have seen the Sabadell accounts, with a net profit improvement of 0.3%, to 710 million (below consensus) due to the low rates already The provisions of the floor clauses.
In Asia, rises in the Nikkei and in Shanghai of 0.3%. Japan's CPI in December was 0.3%, compared to 0.5% previously.
TRUMP, ALWAYS TRUMP
The market is attentive to Donald Trump and is surprised by his movements. It seems that the stock markets 'like' their 'effectiveness' when signing orders to implement their policies ... the problem is that their policies worry. The first diplomatic crisis for the measures he wants to carry out is already here and the Mexican president has refused to meet with a Donald Trump who has already signed the order to build the border wall and also stressed that Mexico will have to pay it. Remember that Trump meets Theresa May today. The British prime minister said on Thursday about this meeting that "the opposites are attracted".
Tensions related to Mexico continue to weigh on BBVA. Yesterday, while the Ibex rose slightly, Santander also rose while BBVA was left 1%. We will have to see how the accounts are presented by the entity next week, because both Mexico and the floor clauses will weigh in their figures for 2016.
In the macro data area of the day, we will be especially aware of the GDP of the fourth quarter in the United States.