BBVA, Iberdrola, Telefónica, Santander and Inditex put distance betweeng the Ibex and the 10,100 points

The most bearish values ​​of the Ibex were ArcelorMittal (-1.6%) and Acerinox (-1.6%), followed by Mapfre (-1.1%). On the positive side, few companies have closed. Acciona (+ 1.5%), the airline IAG (+ 0.9%), Ferrovial (+0.9) and Amadeus (+ 0.8%).

In the Continuous Market, several outstanding movements have taken place. Adolfo Domínguez has shot up 11%, followed by Prisa (+ 6%), eDreams (+ 6%) and Solaria (+ 6%). On the other hand, Vértice 360 ​​has dropped by 8% and FCC by 2%.

UNCERTAINTY IN ITALY

In addition to the news related to the United States, the day has another protagonist, Italy is once again the focus of Europe. 'The 5 Star Movement' and the 'Northern League' have reached an agreement on who will be the prime minister and this Monday they will inform the president of the republic, Sergio Mattarella, along with their government program.

Italy takes another step towards finally having a Government, although it is true that this populist Executive is not the market's cup of tea. The FtseMIB, the main Italian stock exchange index, falls 1.6%, affected by the political uncertainty that the new Executive will bring.

Experts from Danske Bank warn that a clash between the European Union and the Italian Government is looming over the radical nature of the latter. A theme that will surely center the covers of European public opinion in the coming months.

The implementation some of the measures negotiated in the agreement in Italy, including the establishment of a basic income of 780 euros, would cause a "significant increase" in the Italian deficit and would increase the risk for Italy's public accounts, warned the Fitch rating agency.

On the other hand, Michael Hewson, chief strategist at CMC Markets in London, emphasizes the positive of the "postponement of tensions between the United States and China." However, he warns that the EU is approaching the June 1 deadline for its own tariff exemption and recalls that the crisis between the United States and Iran is still open, a crisis that has created additional pressure on the EU, which must preserve the commercial interests of its companies in the area.

However, it should be noted that oil, which was up 1% in the first hour, has now reduced its profits (the Brent barrel rises 0.1% to $ 78.57, and West Texas advances 0.6%, up to $ 71.68).

TECHNICAL ANALYSIS OF THE IBEX

"Even though from the point of view of technical analysis the falls of the last few days fit within the normal parameters, I am not convinced by what I have before me, mainly because we are seeing the Ibex fall in an environment where the rest of our neighbors are able to continue with the rises ", explains José María Rodríguez, analyst of 'Bolsamanía'.

"That is to say, the one who is weak, as has already happened in so many recent moments, is our selective, and I am afraid that this will not be solved quickly, it will take time. experiencing the financial sector of our country with BBVA and Santander in the lead and also by Telefónica ", adds this expert.

"The new fronts in the form of storm come from the continued devaluations, especially by the Turkish lira and the Argentine peso, and also, although for the moment to a lesser extent, the Brazilian real." And of course, without the two large banks of our country and without the operator it is impossible that our Ibex follows the rises of the last weeks, technically it is possible to search the support area of ​​9,940-9,950 points at any time and below the 9,800 points ", concludes Rodríguez