The Ibex picks up 0.8% and caresses the 9,500 after the optimism of Lagarde and Trump

Lagarde announced a review of the central bank's strategy, which will be carried out in 2020. "The risks surrounding the growth prospects of the euro area, related to geopolitical factors, growing protectionism and vulnerabilities in emerging markets, they are still downward, but they have become somewhat less pronounced, "said the central banker.

"The most recent data points to the persistence of weak inflation pressures and weak growth dynamics in the euro zone, although there are some initial signs of stabilization in the slowdown of growth and a slight increase in core inflation," she added.

After her words, the banking sector has registered strong gains: CaixaBank, Sabadell and Bankia have rebounded more than 4% and Santander, BBVA and Bankinter have risen more than 3%). In addition, the euro depreciates 0.13% and changes to $ 1,1111.

THE POWELL MESSAGES

The European currency yields slightly after marking highs in recent months against the dollar following messages launched Wednesday by the US Federal Reserve (Fed) and its president, Jerome Powell.

The central bank anticipated that it plans to keep rates at the current 1.5% -1.75% throughout 2020, below the rate considered neutral in the long term (2.5%). Powell said that a rate hike would only arise if there were "a significant and persistent increase in inflation." Something that neither he nor anyone contemplates in 2020, but not in 2021. That is, if things continue as before, the Fed could keep rates at 1.5% -1.75% for a long time.

UNITED KINGDOM ELECTIONS

In addition, of course, the other appointment of the day is the elections in the United Kingdom. The entire market is awaiting a result that is expected to give Boris Johnson the winner. However, it is also expected - and it is feared - that he will not obtain an absolute majority that will allow him to deal with the British Parliament with force to carry out his Brexit plans.

"The British began voting this morning while the pound endures well. It is possible that the first element that will move the pound is the ballot box that is known about eleven o'clock at night Spanish time. There the markets will get the first indication of the likely outcome, "explains Michael Hewson, director of analysis at CMC Markets.

In another order of things, today the Ibex Technical Advisory Committee meets at the close to see if it makes any changes in the composition of the index. In addition, in the macro data chapter, the CPI for Germany in November fell -0.8% monthly, in line with expectations. On a year-on-year basis, it rose 1.1%, compared to the expected 1.1%. For its part, the industrial production of the Euro Zone fell by 2.2% in October, in line with the forecasts. Finally, Brent oil rises 0.8%, to $ 64.26; and the profitability of the 10-year Spanish bond rebounds to 0.45%.

TECHNICAL ANALYSIS

"We already have the Ibex clearly confirming above 9,400 points. Which means we have a double manual ground, although we can attend short-term corrections. What this little figure tells us is that, (nothing is infallible in the markets) there is a high probability that it is directed towards 9,700 points, and even the area of ​​approximately 9,730 points, where the upper part of a potential lateral channel passes at this time" argues José María Rodríguez.

"For now," adds this expert, "we already have the signal that we expected so long and that it throws us towards the annual highs (9,588) with a high probability of exceeding them. And now, in the short term, the 9,400 points become support, meanwhile the rest of our neighbors in the Old Continent set course for the annual highs while Wall Street marks new all time highs in its three large indexes. "