Ibex tries to escape of a bad streak
The market has lost more than 3% in four days
- This Friday they presented results Técnicas Reunidas and ArcelorMittal
The Ibex closes this ill-fated week 'asking for the time' (at this time it rises slightly: + 0.14%, 10,155 points). In these four days (without counting what may happen today), the selective has lost more than 3%. The spanish market continues to increase, little by little and without rest, the 10% gap that has opened since the summer with the rest of the European indices. The political crisis does not stop suffocating it, and thus it is impossible to climb. If, in addition, it leaves behind, in weekly closing, the support that is very close (in the 10,120 points), things would get even worse.
The Bankinter experts say that, given the pressure the index is undergoing, it makes sense to think that it is now more interesting and convenient to invest in other markets, such as the Gaul or the Italian, than in Spain. This approach is probably the one made by many investors and experts, national and foreign, and hence what the Ibex is suffering, which has gone from being one of the best indexes in Europe in the year (only behind the Italian stock market ) to get in line with all of them.
However, this Friday the market does not lose sight of the decision to leave the members of the Parliament free, one more chapter in the long book of the Catalan crisis that will have its 'end' - or its beginning - the next December 21, when elections are held in Catalonia. Meanwhile, the selective one continues without raising head. I did not do it when the rest of Europe went up and now that the main squares of the Old Continent are taking a deserved rest, even less.
On the other hand, the season for the presentation of results continues steadily. This Friday they have published their accounts in Spain Técnicas Reunidas, whose net profit has fallen by 45%, and ArcelorMittal (+ 3%), which has seen it improve by 77%. In the case of the first, it has not yet begun to quote (it is in the opening auction). We must see how these figures are quoted but, above all, we will have to see how they react after meeting yesterday (with the Ibex already closed) that has achieved a millionaire contract (2 billion) with the Saudi state oil company Aramco.