The Ibex 35 has risen 0.35%, to 9,155.50 points, and is trading at the doors of its annual highs, located at 9,185 integers. The selective continues its good run after rebounding about 2% on Friday, in the heat of the political developments in Spain but, above all, boosted by an overall optimistic context in Europe.
- 11.154,600
- 1,56%
Wall Street has not opened today as the US celebrates the 'Presidents' Day' bank holiday. Throughout the next five days will continue talking about Brexit and trade negotiations between China and the US, and results. In Spain, Telefónica (+ 0.83%) announces its own on Thursday.
On Monday, the most bullish values were Mediaset España (+ 2.75%), Ence (+ 2.45%), Viscofan (+ 1.56%) and Caixabank (+ 1.46%). Among the large securities, in addition to Telefónica, BBVA rose by 0.64%, followed by Santander (+ 0.49%), Inditex (+ 0.2%) and Repsol (+ 0.16%).
In negative, few values. The airline IAG has dropped 2.14%, followed by Siemens Gamesa (-1.28%) and Sabadell (-1.01%). Bolsamanía has published that Mexican investor David Martinez has purchased 22m shares of the bank at prices between 0.88 and 0.94 euros per share.
In the Continuous Market, MásMóvil has rebounded 2.78% after its CEO has opened the door to pay a dividend in 2020. We are evaluating it "seriously", commented Meinrad Spenger.
In other markets, Brent oil slightly rises 0.2% to 66.41 dollars. For its part, the euro rose in value slightly by 0.1% to $ 1.1310. In addition, the yield on the 10-year Spanish bond is relaxed to 1.24%, while the Spanish risk premium drops 2.8%, to 112 points.
TRADE NEGOTIATIONS
Regarding the trade war, the talks will continue this week in Washington after last weeks' meetings in Beijing. Likewise, on the other side of the Atlantic, we must pay attention to the consequences of the declaration of national emergency by Donald Trump last week.
"The trade negotiations are back in focus this week, and optimism has boosted the Asian stock markets this morning, and with the intention of reaching an agreement as clear as possible, both sides (China and the US) are rushing to reach an agreement. agreement before the deadline of March 1 for the commercial truce.
Senior officials, including the US trade representative, Robert Lighthizer, and China's deputy prime minister, Liu He, will attend the talks, increasing confidence that progress will be made. The fact that this round is held in Washington means that we could receive more news about the events, "says Jasper Lawler, head of analysis at London Capital Group.
As far as Brexit is concerned, it will continue to arouse interest as we approach the end of the month, when a new vote in the British Parliament will be held on Theresa May's plan. At the end of this week, it is worth noting that comments from various central bank officials are expected on the outlook for growth and monetary policy. Mario Draghi or Peter Praet from the European Central Bank (ECB) will be speaking this week.
TECHNICAL ANALYSIS OF THE IBEX 35
"The only thing that stands out from the first session of the week is that, in spite of the important rises on Friday, we have not seen any specific correction (or collection of profit as some call it.) This brings us a little closer to the important resistance of 9,260 points, because when leaving a small rupture filter you could talk about 9,300 points in round numbers, "says José María Rodríguez, an analyst at Bolsamanía.
"That said, the sensations are still good as a whole, but let's not fool ourselves, because we have not broken anything upwards, only if we do it in weekly candles and open the door to the potential 'head and shoulders'. We believe that we are giving shape (with an objective in the 10,000) to be confirmed, but we have not done it yet, so we do cannot get ahead of ourselves", concludes this expert.
