The Ibex will remain conditioned by banks

BBVA confirms the abandonment of the 6 euros

  • Investors still pending support of 4.95 euros in Santander
  • The week starts amid geopolitical tensions marked by the missile launched by North Korea in waters of Japan
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Bolsamanía
Bolsamania | 13 feb, 2017 09:38 - Actualizado: 09:54
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The week begins with geopolitical tensions and this is never good for markets. The missile launched by North Korea in waters of Japan, coinciding with the visit of Japanese Prime Minister Shinzo Abe to Donald Trump, added to the unrest in Mexico amid demonstrations against the president of the United States, show that the situation is far from being calmed and generates uncertainty.

IBEX 35
11.883,000
  • -0,13%-15,50
  • Max: 11.973,30
  • Min: 11.877,60
  • Volume: -
  • MM 200 : 11.352,65
09:45 16/01/25

This week important business results will be published in Spain, Europe and the United States, although the truth is that the 'main dish' will arrive next week with the numbers of Telefónica, which presents its accounts on Thursday, February 23, at which time it will use to communicate the sale of a stake of its subsidiary Telxius.

The Ibex has started the week with rises of 0.3% (9,405 points) after accumulating 0.8% falls last week after being unable to overcome the resistance of 9,504 points. On the support side, there are the weekly lows of 9,236 points, a level that experts do not stop monitoring, especially after a deterioration in banks' charts has been confirmed after the release of results. The financial institutions conditioned the evolution of the Ibex last week and it seems they will continue to do so.

INFLATION ... AND YELLEN

Inflation will be the main protagonist in the coming months and will determine the performance of the central banks. This is what the experts at Link Securities believe ... and they are not the only ones. This week investors will not lose sight of the final CPI of January that will be published in China, Germany, United Kingdom and the United States. These data, the analysts said, "will be scrutinized by investors and will have an impact on the behavior of bonds and currencies."

Along with this data, Fed Chairman Janet Yellen will speak to the Senate Banking Committee tomorrow and Wednesday to the House Financial Services Committee.

Finally, to point out that this Monday, the European Commission (EC) presents economic forecasts for Spain and other countries. According to El País, Brussels will raise the Spanish deficit to 3.5% of GDP in 2017 and point to further cuts.

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