The Ibex rises 1.5% in the accumulated on a week marked by results

The Ibex rose strongly this Friday (+ 0.9%), to 9,867 points. It has thus approached the resistance of the 9,890 and, although it has not managed to break it, it has managed to rise in value about 1.5% in the accumulated of a week marked mainly by the business results of the second quarter.

In fact, the corporate accounts have again been the protagonists of this session and have caused strong movements in some companies.

All in all, the most bullish value this Friday was Técnicas Reunidas, which has shot up more than 10%. Indra has followed (+ 5.86%), reporting a profit of 37m euros between January and June. And, in third position, Acciona (+ 5.44%), which announced yesterday after the close a 132% increase of its profits in the first half.

On the other hand, the losses this Friday were headed by DIA (-9.35%), followed by Siemens Gamesa (-3.72%), which has also published results. The company has gained 274% more in its fiscal third quarter (44m euros).

MORE QUARTERLY RESULTS

The third most bearish value was Banco Sabadell (-2.99%), which closed the first half of 2018 with a net profit of 120.6m euros, 67.2% less than in the same period last year. , once the provisions for the reduction of 12,2bn of problematic assets and the costs of the migration of TSB have been assumed.

But the bank of Catalan origin has been the only entity to render accounts on Friday. Early in the morning, BBVA (+ 1.31%) announced that it has earned 2,6bn euros in the first half, 15% more.

Likewise, the profit of CaixaBank (+ 0.70%) in the first semester of 2018 grew to 1,2bn euros, which is 54.6% more than in the same period last year.

OTHER BUSINESS NEWS

Also at the business level, it is worth mentioning the sale of Telefónica's 378.8 million euros (+ 0.48%) to Pontegadea, the investment vehicle of Amancio Ortega, of almost 10% of Telxius Telecom. In a statement, the operator has indicated that the transaction has been made through its subsidiary, Pontel Participacions, which owns 60% of Telxius.

On the other hand, in the Market, NH Hotel Group has shot up (+ 8.87%) due to the rumors of a possible public counteroffer of acquisition (contraopa) that Hyatt could launch on the hotel chain in the face of the offer already made by Minor .

MACROECONOMICS AND OTHER STOCKS

Regarding the macro data of the day, we must highlight the Gross Domestic Product (GDP) of the United States: the US economy grew by 4.1% in the second quarter of the year, according to data published by the Office of Economic Analysis from the country.

After knowing this data, Wall Street shows moderate earnings, unlike the main European stock exchanges that, like the Ibex, have experienced a day of moderate gains. And the tremendous defeat of Facebook yesterday is still "kicking" this Friday. The social network of Mark Zuckerberg dropped 19% on the New York stock market, which translates into a loss of 120bn dollars in a single day, the biggest disaster in the history of the US stock market. Today, despite opening the session with a shy bounce, it has turned around.

In Asia, the Chinese indexes have closed a new day in red, while the rest of the parks of the continent finish the session in the green. The Nikkei has risen 0.56%.

Lastly, in terms of retail sales in Spain, they rose 0.1% in June. In France, the GDP of the second quarter has equaled the 0.2% reached from January to March, but it has been one tenth below the market consensus.

TECHNICAL ANALYSIS

"Finally we closed above the resistance of the very short term of the 9,800 points and we were at the doors of the close (or what is the same to void) the hollow of the 9,890 points", celebrates José María Rodríguez, technical analyst of Bolsamania. "It is true that closing above would imply annulling the bearish hole and therefore it would be another sign of strength, but there are so many resistances that we have up to 10,050 points which is almost the least if we close or not the bearish hole of the session of July 11, "he adds.

"The feeling are not bad after the weekly closing, but as you can see in the graph we have many resistances above, and important, even the most important of all: the upper part of the triangle (about 10,050) ", says the expert.

"In addition, we have the future of the Euro Stoxx 50 overcoming resistances, the upper part of the bearish channel in recent months, while the future of Dax (which closes at 22:00) would also be showing signs of strength if it seems to close above the 12,836 points (bearish hollow of the session of June 19), "also indicates Rodriguez.

"Therefore and in summary it can be said that while it is true that our Ibex is still a little away from the first important resistance, everything points towards an attack next week. By the way, we have the S & P 500 at only 1.5% of the historical highs (2,872.87) ", concludes the technical analyst.