Slight falls in the Ibex that clings to the 9,600 points weighed down by the teleco

Amancio Ortega has bought 5% of the Spanish gastronomy

Bolsamanía
Bolsamania | 19 dic, 2019 10:31 - Actualizado: 17:59
ep bolsa de madrid ibex-35
ÓSCAR DEL POZO/EUROPA PRESS - Archivo

The Ibex (-0.2 %%) trades with slight falls at this time on Thursday. The Spanish selective continues to hold on to 9,600 points with focus on the Bank of England (BoE) that has kept the rates intact at its first meeting after the British elections. Investors will also digest the news that US President Donald Trump will go through an ‘impeachment’ process starting in January.

IBEX 35
11.467,300
  • 0,24%27,40
  • Max: 11.489,20
  • Min: 11.310,50
  • Volume: -
  • MM 200 : 11.289,95
17:35 20/12/24

Ence (+ 3.83%) and especially Enagás (+ 2.98%), which celebrates the news that the founder of Inditex through its company Partler 2006 has entered the company with the purchase of 5% of capital, are the values ​​that rise most in a selective without strength. On the side of the losers the telecos stand out. MásMóvil has closed with a fall of 2.76% and Telefonica of 1.54%.

Acciona (-1.65%), which has picked up the speed in the first stages of the session, at this time of Thursday recorded significant falls. Although it has transpired that it has reached an agreement with the Australian infrastructure group Lendlease to acquire a part of the project portfolio of its subsidiary, Lendlease Engineering, for an amount of 180 million Australian dollars (110 million euros).

The European day is marked by the BoE meeting. Although the risks of divorce with the European Union (EU) have increased again in the United Kingdom, experts minimize their impact in the short term, since the end of the transition period "is one year ahead." The bank is set to announce their monetary policy decision that experts anticipate will remain unchanged, although they emphasize the assessment that her governor, Mark Carney, can make of the result at the polls and the process of leaving the community block. The consensus is, however, to continue with the accommodative bias.

The Bank of Japan is the other protagonist of this day. The Japanese entity has left monetary policy unchanged and has emphasized "some positive signs that come from the world economy." The Nikkei, the reference index of the country has ended with a decline of 0.3%, while the rest of Asian exchanges have also finished flat or with moderate falls, affected by the exhaustion of the rally of the last days sponsored by the agreement phase one between the US and China.

"Equity is pausing after having risen thanks to that 'first phase' agreement between the US and China. We are still waiting for more concrete signs that the two sides are moving forward to finally close the pact," said Danske experts Bank "We remain cautiously optimistic that the agreement will be closed in early January, and we see possible obstacles along the way," they add from the Danish bank.

The third event that is relevant is that the House of Representatives of the United States has approved this Wednesday in a historic session to open an 'impeachment' in the Senate against the president, Donald Trump, who will thus become the third president of the country in face a political trial.

With 230 Democratic votes in favor, 197 against (195 Republicans and two Democrats) and a single abstention, that of Democratic Congresswoman Tulsi Gabbard, the charges filed against her for abuse of power have come forward, reported CNN

TECHNICAL ANALYSIS

"The Ibex closes away from the minimums of the day and refuses to correct strongly, because at the minimum money enters the market. However, we continue to leave the door open to the possibility of filling the gap sooner or later of last Friday's upside at 9,468 points, "explains José María Rodríguez, technical analyst at Bolsamania.

"Although it is not necessary to fill it out entirely, to fill it out partially, which would lead to 9,500 points, is enough. What is important is that if we want the very short-term bullish trading bias not see altered, the 'gap' should not be closed, "qualifies.

"It would not be good for our selective to close below 9,468 points. And in the meantime, there is the possibility of attacking the resistance of approximately 9,750 points in the coming days," concludes the expert.

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