Ibex falls to 9,400 points, hampered by BBVA, Popular and Santander
Blackrock has lent $57m of shares of the Basque bank to shareholders
- Acerinox and ArcelorMittal lead the gains, along with ACS, Aena and Repsol
- Trump's press conference coming at the close of European markets
Losses for the Ibex 35 for the third consecutive day, as it was hampered by a poor performance in the banking sector. Although it temporarily went below 0.46% it finished the day on 9,408.60, a drop of 0.46%. Donald Trump will hold his long-awaited press conference and the markets will be ready to react.
IBEX 35
11.835,500
-
0,27%31,30
- Max: 11.841,30
- Min: 11.769,70
- Volume: -
- MM 200 : 11.012,71
BBVA finished 3.27% lower, after Blackrock lent 57 million shares of the bank to the "hedge funds" in order to open shareholder positions for the entity.
Banco Popular lost 4.42% after the royal decree which will establish an "extra-judicial" system in order to reimburse those affected by the "ground clauses" scheme.
In addition, Banco Santander lost 0.86% after announcing that will give out between 43 and 57 billion euros in 2017 and 2018 in order to comply with the new requirements in Brussels about the absorption of losses.
On the positive side of things, the companies at the top of the board were Acerinox (+3.24%) y ArcelorMittal (+2.21%). Joining them were ACS (1,75%), Aena (1.43%) and Repsol (1.31%).
In Europe, carmaker Volkswagen has reached an agreement with US authorities to release $4.3bn dollars to customers affected by the emissions scandal which broke in 2015. Its shares have risen more than 3% in the Dax 30. The German index gained 0.5%, while the Cac 40 in France gained slightly by 0.01%. The Ftse 100 in London gained 0.2%.
TECHNICAL ANALYSIS
The Ibex "has been stopped with the maximum precision, just as it was last week, in the resistance zone of 9,550 points., said Bolsamania expert José María Rodríguez.
"It is not on another level to the weekly and monthly lows that our index drew in the very beginning of 2017."
