The Ibex closes practically flat and manages to maintain 9,300 points

The stocks remain calm after moving forward in the last session

Bolsamanía
Bolsamania | 26 nov, 2019 09:41 - Actualizado: 18:13
ep economiabolsa- ibex 35 cierrauna subida054 yconsolidaencimalos 9100 puntos
Eduardo Parra - Europa Press - Archivo

The Ibex has moved back slightly on Tuesday (0.05%. 9,324 points) after moving forward in the last session. The trade war between the United States and China seems to want to move towards an agreement. It is said that both powers have reached a consensus on the central problems of the trade pact, which has pushed the US stock market to mark historical highs again.

IBEX 35
11.659,200
  • 0,35%41,20
  • Max: 11.668,40
  • Min: 11.594,40
  • Volume: -
  • MM 200 : 10.826,74
17:37 04/10/24

"The Ibex has not been able to start the week better, closing the bearish hollow of 9,307 points. (...) You can predict a small double floor that, in theory, should throw us into the area of ​​annual maximums (9,588), previous stop in the resistance of 9,500 points. It seems that we are moving away from the short-term key support of 9,130 ​​points and, in addition, the stochastic momentum oscillator seems to want to turn upward as well, "explains José María Rodríguez, expert of Bolsamanía.

Experts speak of a market sentiment that is becoming positive, helped by China and the US, but also by the forecast of improvement in macro data (the latest references in Germany have been encouraging) and by the corporate movements that are encouraging the market. At the moment, this Tuesday the indexes remain calm, with very moderate declines.

"Little by little, optimism is increasing over the possibility that China and the US will reach an agreement before December 15, when the new US tariffs are expected to enter into force. However, it seems much more likely that it will be postponed. once again, with an agreement that won't occur until sometime during the New Year, if it is finally achieved, "warns Michael Hewson, director of analysis at CMC Markets in London.

SIEMENS GAMESA AND MORE ...

Investors are still pending this Tuesday from Siemens Gamesa, after shooting up in the last session before the possibility of Siemens taking over 8% of Iberdrola in Siemens Gamesa, according to Bloomberg last day. Today yields 0.25%.

In addition, the increases in Cellnex (+ 3.5%) and the falls in Ence (-2%) or Endesa (1.3%) are striking (Enel has presented its strategic plan).

On the calendar of the day, the Gfk index of consumer climate in Germany in December has been 9.7 compared to the expected and previous 9.6.

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