The Ibex is close to 10,000 on the last day of April

The selective accumulates a rebound of about 3.4% in this month

  • The avalanche of results takes a break this day before a holiday
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Alberto Sanz
Bolsamania | 30 abr, 2018 10:14
cbibex35 short1

The Ibex 35 is close to 10,000 points. The push experienced by the Spanish selective last week with the avalanche of results keep going this day with increases of 0.05%. This Monday he lives his last day of April, with an accumulated revaluation of about 3.4% in the month.

IBEX 35
11.656,600
  • 0,39%44,90
  • Max: 11.674,00
  • Min: 11.520,90
  • Volume: -
  • MM 200 : 11.125,61
17:35 22/11/24

This Monday there will be no references in terms of company results. "Sales published by European companies in their first quarter results are still mediocre, but in reality they are quite solid organically, this idea is a gross summary of a weaker dollar against the euro, with a degree of compensation due to the strong Chinese demand: more volumes, but based on dollars ", indicate the analysts of Alphavalue.

the news arrives on the other side. T-Mobile and Sprint have reached a multimillion-dollar merger deal this Sunday to compete with Verizon and AT & T in the sector. Both firms hope to convince Trump and the 'antitrust' concerns that will create jobs in rural regions and keep the country ahead of China in the race for 5G.

The distribution sector in the United Kingdom is today the main protagonist. And is that Sainsbury goes for the monopoly of the shopping basket in the United Kingdom. The second largest chain of supermarkets on British soil, just behind Tesco, soars 18% on Monday in the FTSE 100 after agreeing to merge with Asda (British subsidiary of US Walmart) and get a bigger piece of cake.

In the macro field in Europe, only highlights the publication in Germany of retail sales in March, which grew by 2.6% in March 2018 in nominal terms compared to the same month last year. The revised index for seasonal deviations accelerated by 1.3%. Therefore, the main European markets respond with moderate increases of 0.2%.

In the United States there will be more movement on Monday, as data such as income and personal expenses for March will be known. "A rebound of the same higher than expected would raise the expectations of a fourth rate hike in 2018, which would further stress the US bond market and penalize the behavior of the stock markets", highlight the experts of Link Analysis.

The sale of pending homes will also be published, for which a striking decrease is expected. In addition, the business terrain will be known the results of some companies in the first quarter, among which McDonald's stands out.

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