The Ibex bounces up 1% from annual lows thanks to Mediaset

First of all, Mediaset España has shot up around 10% (9.79%), although it has come to rebound by 20%, after Mediaset Italia's interest in buying 48% of the capital it does not control has been published. Although the company of Silvio Berlusconi has denied this information, the truth is that the rebound has been very important.

After Mediaset, ACS (+ 3.24%) was the second most profitable value of the Ibex, followed by Aena (+ 2.92%), DIA (+ 2.13%) and Banco Santander (+ 1.82%). The rest of the blue chips also closed in green today, Iberdrola (+ 0.9%), Telefónica (+ 0.46%), Repsol (+ 0.37%) and BBVA ( + 0.37%).

On the downside of the Ibex, very few firms: Técnicas Reunidas has lost 0.89%, followed by Indra (-0.71%), Meliá Hotels (-0.68%), IAG (-0.53%) , Viscofan (-0.4%) and Colonial (-0.21%).

In other markets, Brent oil rose 0.7% to 77.40 dollars, while the euro increased 0.45% to 1.1601 dollars in its value. In addition, Spain's risk premium decreased by 2% to 108.30 points.

CATALONIA, SWEDEN, CENTRAL BANKS ...

This week the focus will be on Catalonia. This Tuesday the Diada is celebrated and it is more than likely that it will cause some controversy. This weekend there have been demonstrations in Catalonia in favor of the unity of Spain, while Quim Torra, president of the Generalitat, said in an interview on Sunday that "the Diada's demonstration is for the Republic, those in favour of federalism can do another one if they please".

Also this weekend, the Prime Minister, Pedro Sanchez, has set goals for his government to achieve that stretch out to 2030. "Our goal is social justice and our horizon 2030, "he said. Also, it is also worth noting the news published on Monday by eldiario.es and that could lead to a government crisis. According to the report, the Health Secretary, Carmen Montón, obtained a master's degree in Rey Juan Carlos University full of irregularities, in the style of Cristina Cifuentes or Pablo Casado.

Outside the 'local' area, this Monday we talk about the elections in Sweden, in which finally the extreme right party has been in third place and in which the center-left would have been imposed.

All in all, the European stock markets have advanced positions on Monday, although more moderately than the Ibex. This in a week in which the central banks will have an essential role (on Thursday the Central Bank of Turkey, the European Central Bank and the Bank of England meet) and in which Inditex will publish results (this Wednesday) . In addition, we are in the week that marks 10 years of the outbreak of the Lehman Brothers crisis.

In yet another chapter of trade tensions between China and the United States which these remain the main focus of concerns, US President Donald Trump said on Friday there could be additional tariffs on China worth 267 billion dollars. The Administration would also be finishing the procedures to impose tariffs of up to 25% on 200,000 million in Chinese products. Trump also suggested that Apple should move its production to the United States to avoid getting caught in tariffs against China.

Finally, regarding macro data of the day, the GDP of the United Kingdom in July has increased to 0.3% and has exceeded expectations.

TECHNICAL ANALYSIS OF THE IBEX 35

"The earnings of this Monday were expected because we are used to rebounding after continued heavy falls and after drilling support prices to try and get a 'pull back' to what would be the new resistance zone (before support)," explains José María Rodríguez, analyst of 'Bolsamanía'.

"Therefore, if in round numbers we said that the support to be respected (pierced last week) was at 9,300-9,330 points, now this is the objective of very short term rise for the rebound."adds this expert.

"The real danger would come from the hand of not exceeding 9,330 points (with slack and closing prices), before the possibility that from there the price took a downward run with a target at 8,960-9,000 points and for below, even the 8,700 points, but even when we closed at 9,400-9,500 points everything would remain the same, after all, our selective shows impeccable maximums and decreasing minimums and thus does not rise, "says Rodríguez.

"In fact, to be able to say that something may be changing (for good) in the Ibex we will demand that it jump over the last decreasing maximum, at this moment in the 9,671 points. And until that level you have to bounce a lot still. Therefore, caution should be extreme in the face of the possibility that we are simply facing a simple pull back to the old resistance zone, "concludes the analyst.