The Ibex 35 falls a 0.44% and distances itself from the 10,500 points

Bankia has been the lowest value dropping a 2.2% and followed by Indra (2.12%), IAG (-1.48%) and Arcelor Mittal (-1.19%). As for Mediaset (-0.82%) the company has placed itself in the lowest figures during most part of the session. The sovereign fund in Norway (Norges Bank) have declared a 3.01% of the communication group as for 4.8% of Neinor Homes (-0.76% in the main board).

Mapfre has also closed with losses (-0.91%) after the experts at JP Morgan have confirmed their stocks won’t continue to rise like this past month and think that the natural disasters last year will damage its 2017 performance.

Meliá, that recognised during the Fitur 2018 that the Catalan crisis cost them 3 million euros has registered a slight fall of 0.08%.

In green, barely a few figures with Cellnex (+1.6%) to the head. Also rises of Merlin (+0.96%) and Acerinox (+0.72%).

In the main board Prisa has been in the news, it has managed to rise more than 12% to mark highs of the session of 2.94 euros. Nevertheless, finally it has deflated until closing with a rise of 3.82%.

EUROPE AND THE US

Red numbers have predominated in the big European stocks, that make the Ibex company in its falls. The DAX 30 has been the index that has performed the worst today, with a fall of 0.5%.

The most important data of the day is the definite IPC of the Eurozone that has risen a 1.4% in line with expected. The underlying IPC was also the estimated 1.1%.

From the business point of view, along the session the business results have been published. Burberry has listed 2.2% less than in the third quarter and falls 9% after pointing out it won’t grow until 2021. On the other side of the Atlantic numbers for Goldman Sachs or Bank of America have been announced, both burdened by the tax reform.

TECHNICAL ANALYSIS

According to José María Rodríguez, technical analyst of Bolsamanía, the Ibex has again marked a corrective session where there are two control zones: the 10,310 points “which is the rising mark of January 5” and the “the key resistance of 10,600”: In this session the falls have centered in the banks although according to Rodríguez a collection of the earnings was expected after the rises last week.

“And in the meantime we are waiting to see if we are finally able to jump over the November maximums “, explains the Bolsamania expert. For now the European banking sector (EURO STOXX BANKS) is listing over the resistances “the risk of important falls seems fairly low”, he adds.