The Ibex rises slightly and remains close to 9,200 points

Indra, Mediaset and Meliá have been the protagonists of this Thursday's session

Bolsamanía
Bolsamania | 08 nov, 2018 09:58 - Actualizado: 18:13
ep ibex
EUROPA PRESS

The Ibex 35 rose slightly this Thursday (+ 0.1%) and reached 9,177 points. In this day of fluctuations between profits and losses, Indra, Mediaset and Meliá Hotels have been the main protagonists. The rest of the European stock exchanges have been dyed red, except the London Ftse 100 index.

IBEX 35
11.473,900
  • 0,33%38,20
  • Max: 11.485,70
  • Min: 11.446,20
  • Volume: -
  • MM 200 : 11.299,24
14:00 24/12/24

Thus, the most bullish value of the session was Indra. It has rose in value more than 5.4% after convincing with the quarterly results that it presented yesterday Wednesday afternoon, since they show an improvement in revenues and hiring. The technology has been followed in the rises Grifols (+ 1.41%) Merlin Properties (+ 1.35%).

On the other hand, the losses were headed by Meliá Hotels (-7.67%). The company announced yesterday, after the closing of the market, an increase of 10.1% of its net profit until September, which seems that it has not finished convincing the investors. And so did Mediaset (-7.35%), the second most bearish value today.

Both have been followed in the falls by the DIA supermarket chain. This Thursday it was known that the sovereign fund of Norway has once again raised its stake in the company's capital to 3.28%. Mapfre has also fallen sharply, after announcing an increase in net profit to 529 million in the first nine months of the year.

TECHNICAL ANALYSIS

According to José María Rodríguez, technical analyst at Bolsamanía, "everything is exactly the same". In fact, "the important succession this Wednesday when the index closed above the 9,163 points and canceled the bearish gap of mid-October, but now we have an important bullish gap at 8,990 points" he adds.

"The question is if before heading to the bearish guideline of the last months, in the 9,450 points, we will fill (totally or partially) the gap of this Wednesday, which would not make much sense within the bias bullish short-term trading.In the large blue chips we continue to see strength in Telefonica and Inditex. At the same time, as the expert relates, "the banks have moved away from the danger zone but nothing else for the moment".

"On the other side of the Atlantic and without making a lot of noise we already have the S & P 500 at only 5% of the historical maximums." It seems that many of the investors do not realize it, but this has rebounded by 8% since October's lows: Europe in the same period has risen in value by 5%, that is, once again it is shown that Wall Street is still much stronger"Rodríguez concludes.

FED PENDING

After "overcoming" two of the most important events of the week - the decision of the Supreme Court on mortgages and elections in the United States - things are back to normal and investors will be awaiting the outcome of the meeting of the Reserve on Thursday. Federal (Fed).

"At 8:00 pm, the Federal Reserve will announce the latest decision on interest rates, no change is expected, there is a high

Donald Trump is the main focus on Thursday after his appearance before the media last night to take stock of the election result. The US president pushed the US stock markets (closed with increases of more than 2%) when he said he hoped to work with Democrats on issues such as infrastructure and healthcare. In addition, he also said he hopes to reach a trade agreement with China. "The heavy machinery company Caterpillar benefited from speculation about an increase in infrastructure spending, and the technology sector also experienced a good session as operators believe that Trump may not be able to take aggressive measures against some of these large companies. companies, like Amazon, "explains Madden.

As for Spain, it is worth mentioning that the European Commission has lowered its estimates of economic growth for this year as well as for the next one (to 2.6% and 2.2%, respectively).

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