Another day of coming and going for the Ibex 35. The selective has gone less and more to finally close with a rise of 0.35% to 9,753 points. In this way, the Ibex 35 reinforces its support of 9,700 integers. The big banks have pushed the selective to close in green.
- 11.154,600
- 1,56%
But it has been ArcelorMittal who has led the advances of the 35's values, another session. The steelmaker has risen by 3.3% to 26.5 euros and that is one of the companies that can benefit from US tariffs. ArcelorMittal has a strong presence in the American country.
It should be noted that DIA was the second best performing value, with a rise of 2.2%, after several sessions as a red lantern. In the upper part of the table has been accompanied by Amadeus, which has risen just over 2%, and Acerinox, with an advance of 1.8%.
We must also talk about the two large banks of the selective. Banco Santander and BBVA closed with advances of 0.81% and 1.16%, respectively, despite having started with significant falls. In fact, at the beginning of the day, the falls in the banking sector were the ones that held the Ibex 35 back.
But not all banks have been able to recover. Bankinter has fallen 0.64%. The entity headed by Maria Dolores Dancausa has reported that it is interested in EVO Banco. In the Relevant Fact, Bankinter communicated that "it is analyzing some of the businesses of EVO Banco SAU". Bankinter added that, as of today, no decision has been taken on this operation.
Nor has it been good session for Naturgy, which has been 0.51% despite S & P has confirmed the rating 'BBB' after its new strategic plan. However, Enagás was the red lantern of the session with a fall of 1.93% to 23.9 euros a day after presenting its results.
In the main board, Duro Felguera has been the protagonist, with a rise of 27.7%. The engineering company has announced that it has reached an agreement with its rival, also from Asturias, TSK. A collaboration that could be the prelude to an agreement to save Duro Felguera. This Wednesday the rights of the extension of Duro Felguera have stopped quoting and now the adjustment begins, so that until next Monday the results of the operation will not be known. The company needs 125 million to avoid bankruptcy.
OTHER MARKETS
The rest of the stock exchanges of the Old Continent have also closed in positive. The German DAX 30 has risen 0.78%; the FTSE 100 in London, 0.7% and the French CAC 40, 0.53%. Wall Street is trading mixed, almost flat, after the Nasdaq closed at a new record high.
Investors will be attentive to Google, which has received a historic fine from Brussels for its dominant position in Android. A penalty that the technological giant has indicated that it will appeal. The fine amounts to 4,340 million euros. The stock trades with slight falls, but has even reached record highs in the case of type C shares at $ 1,204.5.
In the United Kingdom, the Prime Minister, Theresa May, has avoided by a defeat in Parliament on her Brexit plan. Bank of England Governor Mark Carney has said that a Brexit without an agreement would generate a revision of interest rates.
As for the calendar of data for the day, the UK CPI for June remains, for the third consecutive month, at 2.4%. For its part, the CPI for the Euro Zone in June rose one tenth, to 2%, after the downward revision of the May figure. The underlying drops two tenths, up to 0.9%. In addition, the content of the Beige Book of the Fed will be announced in the United States.
TECHNICAL ANALYSIS
"Third consecutive session in which our selective closes without pain or glory, without giving us any sign of anything," says José María Rodríguez, technical analyst at Bolsamanía. Actually, we are still inside the triangle (decreasing maximums and increasing minimums) and, also, in nobody's zone. Halfway between the base of the same (support) and the upper part of this (resistance). "And only when the price breaks in one direction or another will we have some clue as to what the next big trending movement may be like," he explains.
Thus, at the top we have the resistance of 9,890 points (bearish gap) and above and of greater draft the area of 9,970-10,000 points. With extension to 10,070 points, where the upper part of the triangle would pass. And below we have the area of 9,430-9,450 points.
"The bad thing about the current situation is that the rest of our neighbors continue to climb positions," says the expert. With hardly any noise, but they all quote in the monthly maximums. And while they approach the first important resistance we are unable to follow them. And when it is not because of the banks (which continue to be weak) it is because ofTelefónica. "And in the meantime, the time and the opportunity to move away from the danger levels, that is, the same as almost always," he concludes.
