The Ibex closes 2019 with increases of 11.8%, well below the rest of the exchanges
The other European stocks have increased in value 25% on average
The Government program announced on Monday by PSOE and Podemos has tipped the Ibex at the close of 2019. The selective has finished this last session of the year with falls of 0.66% and far from its daily highs, which were at 9,700 points ( 9,549 points). Endesa, Viscofan, Naturgy or Telefónica have been among the worst titles of the day, while on the other side of the table we find MásMóvil, Mediaset or ACS. The selective has finally ended this year with increases of 11.8%, far behind the increases of 25% of the rest of European stocks. In the end, 2019 has been lazy for the Ibex and 2020 promises to be too. Experts anticipate that political uncertainty, which has penalized him this year, will also do so next year, and they predict very limited increases for the Spanish index.
IBEX 35
11.720,900
-
-1,50%-178,40
- Max: 11.877,20
- Min: 11.703,80
- Volume: -
- MM 200 : 11.341,45
"The presentation of the government program has not been very good for the market. It should be noted that some of the measures announced directly affect listed sectors / companies, as well as the market as a whole, increasing the cost of contracting, among other aspects. Now it's much easier than a few years ago for the private investor to choose to invest in other markets, both directly and through different types of funds, it is possible that the aforementioned measures end up conditioning the behavior and activity of the Spanish stock market , something that will be seen if this is the case over time, "Link Securities experts explain in their daily report.
2019 has been marked by two main issues: the United States and China and Brexit. The year ends with both practically 'closed', but this does not mean that these issues will not be very present next year.
According to the latest information, the US and China will sign their 'first phase' agreement next week. However, analysts warn that they have much to discuss in 2020 to close a final agreement, something they do not believe is very likely.
The other big issue has been the United Kingdom and its exit from the EU. Finally, the triumph of Boris Johnson has unlocked the situation, but experts warn that the deadline to negotiate a trade agreement with Europe (until December 2020) is very limited and they do not rule out that finally the United Kingdom ends up leaving the block without a pact, therefore a hard Brexit, which would displease the market.
Thus, next year will also bring uncertainties, but most investment firms agree that there is a key aspect, an element that will be decisive in 2020, and it is none other than the November presidential elections in the US. With Donald Trump seeking to be re-elected, the predictable thing is that everything tries to hold it together so that it goes well. The president of the United States will try to avoid unpleasant situations (including falls in the stock exchanges) to present a scenario that facilitates his re-election.
GHOSN FLEES JAPAN
And, in the midst of all this, the year ends with a story that has travelled the world. The former president of Nissan, Carlos Ghosn, has escaped. Ghosn, who was waiting to be tried in Japan, confirmed on Tuesday that he has left the country and is in Lebanon.
"I am now in Lebanon and will no longer be held hostage to a manipulated Japanese justice system in which guilt is presumed, discrimination is rampant and basic human rights are denied, in flagrant disregard of Japan's legal obligations under international law and the treaties that it is obliged to respect, "Ghosn said in a statement.
Regarding macro data, few developments today beyond the Chinese manufacturing activity, which slightly exceeded expectations to reach 50.2 in December. Economists expected a figure of 50.1. Finally, we remind you once again that Wall Street operates as usual. Tomorrow all the stocks will be closed for the New Year.
