The Ibex (-0.7%) loses 9,500 points on a black day for the banking sector

The Ibex 35 has dropped 0.74% to 9,456.40 points. The selective has lost the 9,500 points and chains two days of falls, in a negative day for the banking sector and also for Repsol (-2.5%) and Telefónica (-1.2%). Sabadell (-2.6%) was the most bearish value, followed by Bankinter (-2.02%). In addition, Santander (-1.58%) and BBVA (-1.2%) have also registered bearish pressure.

IBEX 35

11.083,400
-0,64%

In Spain, the highlight is the start of the results season. Liberbank has already published its results (gained 28.5% less in the first quarter) along with Enagás (gained 0.2% more, up to 103.9m and an increase of 0.52%). The most bullish values today were Merlin Properties (1.99%) and Ferrovial (+ 1.56%). On Thursday we will see the results from Iberdrola or Bankinter.

Internationally, Twitter yesterday also published its results. In addition, Boeing has reported results in line with expectations and has indicated that it is calculating the impact of accidents on the 737 Max, so it has avoided giving forecasts. In Europe, Credit Suisse has reported an 8% higher profit after its restructuring.

Also at the business level, it should be noted that Sabadell has announced the closing of the sale of 80% of Solvia. In addition, the movement that is being observed among the small values is striking. Sniace has fallen by 3% after announcing a capital increase of 32.6m, while Lar España has sunk by 7.9%. On the positive side, OHL has shot 11%.

SECOND DEBATE OF THE CAMPAIGN

Outside of business, today the second political debate that took place last night on Atresmedia is analyzed. Most media give consider Pablo Casado the winner, while they positively value the intervention of Iglesias. Albert Rivera, according to experts, did not do so well on this occasion, while Pedro Sánchez is once again the loser. Everything is ready for Sunday's elections. Now the power is in the voting ballots.

Today talks between China and the US make the news once again. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to travel to Beijing to resume trade talks with China on April 30. Also, that meeting between Vladimir Putin, Russian president, and Kim Jong-un, North Korean leader, will take place this Thursday.

ECONOMY AND OTHER MARKETS

At the economic level, the Spanish government plans to reduce the net issuance of public debt expected for 2019 to 30bn euros, compared to the 35bn initially estimated, thanks to the good evolution of fiscal revenues, budget execution and savings obtained in the management of the Treasury. With this reduction, the expected net issuance will be the lowest since 2007. In addition, the German IFO index for April has disappointed (both the expectations, the business climate and the current situation).

In other markets, Brent oil takes a break and quotes flat at $ 74.50, annual highs and for the last six months. In addition, the euro depreciated by 0.28% to $ 1,1197. And the yield on the Spanish 10-year bond has fallen to 1.07%, while Spain's risk premium has risen slightly to 109 points.