The Ibex closes flat and maintains the 9,600 in a session marked by low volume
The holiday takes over investors and is felt in the main stocks of the Old Continent
Ibex closes the session with 0.2% falls and grabs at 9,600 points. The rest of European stock markets, in turn, have also closed plans. The eve of Christmas holidays is felt in the stocks and the small amount of trading recorded throughout the day. Investors thus start their hibernation.
IBEX 35
11.646,400
-
-0,64%-74,50
- Max: 11.697,80
- Min: 11.637,00
- Volume: -
- MM 200 : 11.341,45
In the case of the Spanish selective, the Ibex is still at 9,600 points. From a technical point of view, the analyst of Bolsamanía J.M. Rodriguez stresses that the index "shows no signs of weakness".
Of course, Rodriguez acknowledges that "it does not seem that we really want to attack resistances, such as the one we have in the annual maximums (9,692)." He then emphasizes that "at the minimum we're correcting, money enters the market to the rescue so that what we have is a narrow side after an upward momentum."
Looking forward to the next few days, "the really important thing is the fact that the trend is still bullish, especially on the other side of the Atlantic and our European neighbors, it follows that it is normal that sooner or later this will try to head to the top of the bullish channel, now at 9,900 points. "
Attention to Bankinter. The credit rating agency S&P has lowered the bank's prospects from 'stable' to 'negative' after analyzing the proposed IPO of its subsidiary Línea Directa.
On the other side of the Atlantic, Wall Street has set a new day with maximum historical highs. The trade war and the current tariff truce awaiting an agreement between Beijing and Washington in early January are giving wings to the exchanges. China again offered the market another gesture in good faith on Monday announcing that, from January 1, 2020, it will lower rates to 850 US products such as pork and avocado, among others.
