The Ibex trades in negative: follows the wake of Wall Street and corrects

Experts are betting that the Spanish index will fill the bullish gap last Thursday

  • The American stock markets registered their worst session on Tuesday
  • The performance of the banks will be decisive for the evolution of markets in the short term
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Bolsamanía
Bolsamania | 22 mar, 2017 09:23 - Actualizado: 09:29
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"Sign of exhaustion". The comments of the experts of Bolsamanía after what the Ibex did this Tuesday are not very hopeful. The Ibex trades with 1% falls, at 10,104 points. The Spanish index finished yesterday in lows of the day after arriving at increase 1% in intradía. Does correction begin? That would be the question after seeing Wall Street also recorded yesterday its worst session in 2017, with falls of 1%. They are not great cuts but they are a sign that invites prudence.

IBEX 35
11.641,300
  • 0,26%30,50
  • Max: 11.657,10
  • Min: 11.531,00
  • Volume: -
  • MM 200 : 11.159,84
17:35 29/11/24

In the case of the Ibex, analysts have for days anticipating that it could correct until filling the bullish gap left on Thursday of last week, that is, up to 9,983 points. "In no case we are talking about a change of tendency in the medium term", say the experts of Bolsamanía, but yes that things are complicated in the short term.

Prudence, therefore, for a session in which are not expected major references of interest and where the focus will continue to focus on banks. This Thursday, after several members of the Federal Reserve have spoken, Janet Yellen will speak again. It will be necessary to see if it reinforces the idea that it expressed last week on the plans of the Fed to raise the rates three times in 2017 or if its words open the door to a further tightening of the monetary policy.

Returning to Europe, the words of Jeroen Dijssselbloem, president of the Eurogroup, who has refused to apologize after referring to the countries of southern Europe with a statement calling for his resignation, said on Wednesday: "I can not spend myself Money in alcohol and women and then ask for help. " Dijssselbloem has made these statements to the German newspaper Frankfurter Allgemeine Zeitung and they have generated a great stir in the European Parliament.

Moreover, in France, the candidate of center to the presidency, Emmanuel Macron, gains ground after obtaining the support of a minister of the socialist government. Meanwhile, the French Interior Minister, Bruno Le Roux, has resigned after learning that he used his two daughters for several periods of school holidays since they were 15 and 16 between 2009 and 2016. Meanwhile, Center-right, Frailis Fillon, involved in his own scandal over embezzlement, faces charges that he allegedly tried to cash in on links with Russian President Vladimir Putin, according to the Financial Times. The French will vote for a new prime minister, in the first round, on 23 April.

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