The Ibex drops a slight 0.18% as MPs threaten to oust May over Brexit deal

The selective loses 0.85% in a week marked by Italy and the United Kingdom

Bolsamanía
Bolsamania | 16 nov, 2018 10:00 - Actualizado: 18:05
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The Ibex 35 drops 0.85% in the weekly accumulated after a few sessions of uncertainty in the face of Italy's refusal to modify its budgets and the tension in the United Kingdom due to the Brexit agreement and the possible ousting of PM Theresa May. In this session, the Ibex lost 0.18%, but maintains 9,000 points.

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

Colonial has led the falls this Friday in the Ibex 35, with a fall of 2.33% after presenting quarterly results yesterday. The real estate company earned 68m euros until September, 15% more, and increased rental income by 22% thanks to the incorporation of Axiare. The second most bearish value was Cie Automotive, with losses of 1.61%.

Day also of red numbers for much of the banking sector, especially BBVA (-1.33%), but also Bankia (-0.9%) or Santander (-0.27%).

On the other hand, Meliá Hotels closes as the best of the Ibex, with a rise of 2.83%, together with Técnicas Reunidas (+ 1.67%) and Acciona (+ 1.3%). Also rises for Bankinter (+ 1.29%), which stands out from the quotes of the rest of banks, in red or with slight increases.

Despite today's declines and reversals in the accumulated week, the analysts of 'Bolsamania' are relatively optimistic in the short term and consider that their bias "is still more bullish than bearish". Above, the resistance is at this moment in the 9,400 points - "control zone that will not be easy to overcome", point out the experts of this web-. Below, attentive to the 8,989 points.

In the Continuous Market, OHL (-0.99%) is once again in the news, this time after the Moody's agency has downgraded its 'rating' after its "poor results". Thus, the qualification of OHL is reduced to 'Caa1', with which the agency assigns it an even more speculative and low quality 'rating', popularly known as 'junk bond'.

6.72% falls for Realia, which announced a capital increase of 149 million euros after yesterday's session. The real estate announced this Friday that the expansion is aimed at reducing its debt and to finance the development of the real estate business.

THE MARKET AWAITS MAY'S OUSTING

After knowing that Theresa May could be ousted, the European stock exchanges have turned around to close with very slight falls, hovering around 0.1% among the big indices.

According to the specialized website BrexitCentral, cited in turn by Reuters and trustworthy sources, the Conservative party has already secured the support of 48 of its MPs, the minimum necessary to activate the no-confidence vote threatened yesterday by Jacob Rees-Mogg, one of the most staunch critics of the May agreement.

"The reality is that this agreement (Brexit deal) seems to be hated by all parties, but we will have to see what the British parliamentarians decide: if they prefer a Brexit that does not satisfy them or a Brexit without any agreement with the EU. For now, these seem to be the two options, "says Michael Hewson, head of analysis at CMC Markets in London.

Meanwhile, in Asia there has been a day with a predominance of red numbers amid doubts about the rapprochement between Donald Trump and Xi Jinping. The Secretary of Commerce of the United States, Willbur Ross, has indicated that big agreements of the meeting that both leaders will maintain at the end of the month should not be expected.

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