The Ibex rises and takes back the 8,700 despite Italian turmoil
The G7 ended on a good note to the market's joy
Geopolitics is the market's main focus today. On the one hand, operators like how the G7 concluded, with an approach between China and the US and also between the US and Iran. On the other, investors are very aware of Italy. At this time, the news is handling the halt of the talks between the '5 Star Movement' and the 'Democratic Party' to form a Government. The first requires that Guiseppe Conte be re-elected as prime minister.
IBEX 35
11.588,400
-
-0,74%-86,40
- Max: 11.677,00
- Min: 11.428,00
- Volume: -
- MM 200 : 11.091,94
However, green numbers rule Europe. Except for the Ftse 100, the rest of the indices are listed with increases of more than 0.5%. Interestingly, the index that best does it is the Italian Ftse (+ 1.5%). The Ibex loosens (+ 0.65%) with the banks deflating. In theory those who should suffer the most if there is finally no political agreement in Italy and elections are called, would be Italy and Spain. It is common for what happens in Italy to infect Spain, especially in financial institutions.
"The headlines related to the commercial war and geopolitical events remain the main drivers of the market, although the news flow could calm down in the face of the last days after the G7 summit," Danske Bank experts said in their daily report. of first hour.
In another order of things, this Tuesday is still very aware of the economic health of Germany, where the GDP of the second quarter has been published. The Gross Domestic Product of Germany contracted 0.1% in the second quarter of the year compared to the previous three months, which is increasingly moves the largest economy in the eurozone closer to recession, according to data published Tuesday by the Federal Statistical Office (Destatis). Trade conflicts and a weaker global economy have slowed exports in this period.
Regarding the behavior of securities, in the Ibex, green predominates but Indra (-0.8%), Bankinter (-0.7%) and Santander (-0.3%) move negatively. IAG (+ 2.3%) is the best title of the Ibex after the statements of Boris Johnson, who has been slightly more optimistic about the negotiations with the EU. Also noteworthy are the increases in Enagás (+ 1.5%) and Red Eléctrica (+ 1.4%).
