The Ibex saves 8,000, despite the falls, thanks to Endesa, the banks and Telefónica
The selective has reached an intraday maximum of 8,045 points
- En castellano: El Ibex salva los 8.000, pese a las caídas, gracias a Endesa, los bancos y Telefónica
The Ibex 35 has saved 8,000 points (-0.44%. 8,065 points) thanks to the support of Endesa (+ 2.03%), Telefónica (+ 1.18%) and banks after the sharp falls of 1.44 % registered yesterday. The analysts of Bolsamanía already warned early that the selective could increase the cuts to 8,000 points and even cover the bullish gap that was left yesterday, at 7,950 points. For now, this Wednesday it has managed to save them.
IBEX 35
11.435,700
-
-0,28%-31,60
- Max: 11.474,90
- Min: 11.399,10
- Volume: -
- MM 200 : 11.289,95
The poor performance of energy companies was one of the causes of the negative evolution of the Ibex in the last session, although this Wednesday Endesa rebounded strongly after positive advice from Goldman Sachs.
As for the rest, the declines in ACS stood out, due to the renewed downward pressure on the value, which made it fall to a relevant support zone.
Naturgy, for its part, has fallen 0.64% this Wednesday due to the possibility that the Government blocks the partial takeover bid launched by IFM.
FROM TWITTER TO SOCIÉTÉ
Business results continue to be one of the aspects most followed by investors in recent weeks. Last night Twitter reported a 28% profit increase in the fourth quarter after an "extraordinary" year. Their stocks skyrocket about 20% on Wall Street.
This Wednesday, the French bank Société Générale announced its results, which reported a net profit of 470 million in the fourth quarter. The CEO of the entity said that these figures "confirm once again the rebound in our businesses already observed in the third quarter, after a beginning of the year marked by the impact of the Covid crisis." Analysts had expected a net profit of 252 million euros in the quarter.
INFLATION, IN THE FOCUS
"Today is a big day of inflation," anticipated Danske Bank analysts in their first-hour report. Thus, the market has looked past the CPI for Germany (up 0.8% month-on-month and 1% per year) and the United States', which was in line with what was expected in January.
On the other side of the Atlantic, in addition to the macro data, the impeachment of Donald Trump is being closely followed. The Senate has already approved its constitutionality.
In China, inflation declined in January, according to the country's National Statistical Office, which reported that the consumer price index was down 0.3% from a year ago. The National Statistics Office also reported that the producer price index increased 0.3% year-on-year in January.
OTHER MARKETS
The euro is trading at this time at $ 1.2127. Oil, for its part, rose, with Brent at $ 61.54 and West Texas at $ 58.73.
Gold is flat at $ 1,836.60, and silver is down 1.4% to $ 27.02.
As for cryptocurrencies, bitcoin yields 5.7 at this time, to $ 44,472, while ethereum falls 3.13%, to $ 1,724.
