The Ibex is installed at 10,400 points
The technical aspect of the banks is good and that fuels optimism
- Inditex or Telefonica bounce after stopping the selective on Wednesday
The markets are calm this Thursday, with the Ibex flat at this time (10,437 points. + 0.09%). The selective one benefits from the (slight) rises of Inditex or Telefonica while the banks relax after the rises of the last session.
Despite the cuts of this session in financial institutions, the good news currently related to the Ibex has to do with the strength of the banks. Financial institutions have a very important weight in the index and what they do ends up conditioning the selective Spanish in a decisive way.
CaixaBank, Sabadell and Santander have broken resistance and the first two entities have all the signs of going towards maximums, according to José María Rodríguez, analyst at 'Bolsamanía'. César Nuez, TraderWatch expert, also points to BBVA, which has managed to exceed 7.29 euros. "For the next sessions an attack at the level of 7,405 euros seems imminent," he says.
The European stock markets come this Thursday with moderate declines. Wall Street finished the last session with slight falls and in Asia there have been moderate movements and mixed balance throughout this day. Outside of equities, oil continues with its particular 'party', with the Brent barrel above 69 dollars and West Texas exceeding 63 dollars. At this time of Thursday it relaxes and falls very slightly. In addition, the euro is also quieter compared to its start of the year. The experts of 'Bolsamanía' point out that, in recent times, a clear relationship between the behavior of the currency and the variable income is being observed. When it recedes, the bags recover and vice versa. At this time, the euro / dollar stands at 1.1941 (-0.03%).