Ibex 35 rises 0.3% and remains close to 9,600 points

Telefonica was the big news on Tuesday after confirming that it reached an agreement with investment firm KKR for the sale of 40% of Telxius Telecom, the global infrastructure firm, for a total of 1.275 million euros (12.75 euros per share). The transaction values Telxius at 3.678m euros, with a sale price that situates it in the bottom part of the range previously given. Its stock has fallen 0.19%, with the action having been discounted by the market. Telefonica will publish its results on Thursday. The worst performers on the day were Enagas (-1.59%) and Banco Popular (-0.95%), in a day in which Bolsamania published that fund Blackrock lent its investors 3% of its capital.

Acerinox (1.97%) and Bankia (1.69%) were the best performers in the Ibex. Repsol started the day off with falls, but finished 0.51% higher, and it will post its results on Friday also. The market's reaction to its financial results will no doubt prove key to the weekly performance of the Ibex.

While the market waits on the results, Wall Street returned to action on Tuesday following Monday's holiday. The New York Stock Exchange keeps demonstrating impressive strength, and the Dow Jones once again pushed to record highs. In addition, US President Donald Trump continues with his administration, after the appointment of Herbert Raymond McMaster as his new national security adviser following the departure of Michael Flynn.

HSBC SHAKES UP THE MARKETS

In Europe, HSBC reported a fall in profits of 62% for the year before taxes, much lower than analysts' expectations. The third largest bank in the world by volume also showed a 89.67% drop in net profits during the year, with its share price falling 5% in London.

On the other hand, BHP Billiton also published figures for the fourth quarter after recompensating its shareholders with more than expected, and its shares rose 0.6%.

In the macroeconomic plain, Eurozone PMI figures were released which reflect the best creation of employment in a decade for the private sector. The compound PMI rose from 54.4 points to 56 points, higher than anticipated by Reuters analysts.

TECHNICAL ANALYSIS

"An interesting session which puts the Ibex in a more or less ideal situation in order to reach towards the resistance zone of the annual highs of 9,623 points. If we look at what is happening in the big European futures it looks like there is an imminent attack and surpassing of the resistance, " affirmed José María Rodríguez, Bolsamanía technical analyst.

"Actually, the futures from the Dax and the EuroStoxx 50 are easily clearing their annual highs of 11,895 and 3,336 points respectively. Below, on the side of the supports, the most immediate we can see in the Ibex is from Friday (9,438). We shall see if BBVA will be able to carry the index to new highs."