The Ibex ended up closing with slight losses on Thursday and still unable to overcome the 9,000 points in a day in which the selective has been burdened by the banking sector, which has closed with all its values in red except for Sabadell ( + 1.5%), and the bad macroeconomic news coming from Germany and the United States.
- 11.154,600
- 1,56%
The most bullish values of the session were Amadeus (+ 2.8%), Siemens Gamesa (+ 2.2%) and Indra (+ 2%), while, the worst were ArcelorMittal (-1.8%), IAG (1.7%) and ENCE (-1.6%). Among the bank's declines were those of Bankia (-1.2%) and BBVA (-1.2%).
The day produced few relevant business news, beyond that Berenberg analysts have doubts about Red Eléctrica (+ 0.4%) and Enagás (-0.5%) due to regulatory uncertainty and have stated that "the market does not delve sufficiently into the most challenging perspectives faced by Red Eléctrica and Enagás "in Spain.
Investors remain attentive in Spain to politics. The president of the Government, Pedro Sanchez, will announce early elections this Friday. We will have to see how the market takes it: if it reacts in any way or stays impassive, as it has been until now. It should be noted that more and more international investment firms are beginning to identify Spain as a current problem for Europe and also as one of the elements that are pushing the euro down.
Mixed sign in the main European stocks, with falls of 0.5% for the DAX and the FTSE MIB and slight rises in the CAC and the British FTSE, after Wall Street set highs on Thursday and Asia has led mixed and lukewarm movements this early morning.
Technically, the Ibex continues in 'no-man's land', halfway between the support of 8,826 points and the resistance of 9,260 points. "As long as we remain within this price range, we will not have any clue as to what the next trending movement might be like," the experts at Bolsamania point out.
The analysts insist this Thursday on the same issues: the commercial war and the Brexit. "The fact that Trump is considering extending the term of the truce (now until March 1) in 60 days will help improve the atmosphere in the talks between Treasury Secretary Steve Mnuchin and Commerce representative Robert Lighthizer that are held today and tomorrow in Beijing, "says Jasper Lawler, head of analysis at London Capital Group. "Slow but apparently constant progress is being made in trade issues, which has been enough to stabilize investor confidence," he adds.
Meanwhile, the pound is rising before another vote in the British Parliament on Brexit and after falling to lows of 1,284 in the previous session. Parliament will continue to take control of Brexit on Thursday through a new round of debates and voting on amendments. "The most important amendment for the pound, is the elimination of the option of a Brexit without an agreement which will be delayed until February 27. Labor has pledged its support to it," Lawler explains.
AVALANCHA DE RESULADOS
In the business world, several companies have published their figures on Thursday, among which Credit Suisse stands out. The bank has reported an annual net profit of 2.1m Swiss francs in 2018 against the net losses of 983m Swiss francs in 2017. In the fourth quarter, the entity recorded a net profit of 292m Swiss francs. Analysts expected a profit of 224mSwiss francs.
In addition, Commerzbank reported a net profit of 113m euros in the fourth quarter compared to 75m euros in the same quarter a year ago.
Also within the business scope, Airbus has announced its intention to end deliveries of the A380 in 2021 after the Emirates airline reduced its order book of this aircraft to 39 units.
Regarding the macro data of the day, the GDP of the Euro Zone increases to 1.2% in the last quarter of 2018. In Germany, the GDP has remained at 0.0% compared to the estimate of 0.1% and the fall of 0.1% previous. Experts warn of the risk that the first European economy will go into recession. "If the European power fell into recession, it could renew the kind of fears of global growth that saw the markets fall in December," they warn.
