Banks and Telefónica burden an Ibex that shows short-term weakness

The Ibex 35 has closed with falls of 0.39%, to 9,573.70 points, pressed by the cuts in BBVA, Santader, Telefónica and Inditex. The German Dax 30 has marked intraday highs, but has closed flat. All in all, peace of mind after a complicated Tuesday session that closed with a better than expected balance. China's coronavirus is still worrying, but the stock markets continue to show that they have endurance to face adversities. As for the Ibex, laterality and some short-term weakness persist; the selective does not lose supports (9,400) nor manages to overcome resistance (9,700).