The Ibex, hungover from the ECB and looking at 9,100
Futures come flat this Friday
The Ibex is up 1% up in the accumulated this week at the momet. A week in which the ECB has been the undisputed protagonist. More was expected from the central bank. Not many measures, but still its impact was greater in the market. It seems to investors that they are no longer worth anything. Either the measures are the maximum that can be expected or the impact of these is increasingly dull. As it looks, it's expected that the ECB of Lagarde continue with the stimuli. The market asks for them and, more importantly, the economy seems to need them.
IBEX 35
11.544,700
-
-1,11%-130,10
- Max: 11.677,00
- Min: 11.428,00
- Volume: -
- MM 200 : 11.091,94
However, yesterday Europe gave some great stories and finished the day with discrete rises, the futures come this Friday flat. There are a shortage of movements and still caution, because next week the Fed will give a speech, and there will also be 'quadruple witch hour' on Friday, which will also have its impact on equities in a few days that are proving very relevant as events.
Wall Street ended the day yesterday with moderate increases of 0.3% on average and in Asia the green numbers have also dominated somewhat in a bulkier fashion. In Spain, the Ibex starts today from 9,082 points. The experts of Bolsamanía insist that the selective continues to make increasing minimums and maximums. "We have no sign of real weakness, no matter how dizzying the significant increases since the August lows. In fact, in weekly and monthly candles, the overbought levels do not exist," explains José María Rodríguez, analyst at Bolsamanía . On the resistance side, the key is still in the weekly bearish hole of 9,410 points.
In the chapter of the trade war, the rapprochement between the parties continues, which is always good news. During the past day it was speculated that Donald Trump was considering a temporary agreement with China, but the White House denied it. Trump announced yesterday that the application of tariffs on China is delayed by two weeks as a "goodwill" gesture.
As for the macro data of the session, the week closes with the CPI of Spain in August. August retail sales are published in the United States.
Finally, regarding specific securities, investors will continue in Spain pending the evolution of banks (yesterday they ended the day with mixed sign) and also other securities, such as Inditex or Cellnex, which have been moving significantly all the way around.
