The Ibex has reconquered the 8,800 points by rising 0.21% this Friday. This week it has closed with full increases and has advanced 1.89%, which has led to reducing the monthly losses of August to 1.76%.
- 11.074,200
- -0,72%
August has been a complicated month and in which everything bad that could happen has happened. The selective and the rest of the stock exchanges have had to face the tensions and uncertainty around China and the US, the problems in Italy, the greater economic slowdown in Germany, the difficulties of Argentina ...
Even so, the Ibex has managed to return to 8,800 points, and that is not so bad considering that this month new minimums of the year were marked at levels of 8,500 points and that at times it was feared that the selective would walk towards the important support of 8,300 points.
Within the selective, this Friday we can highlight the increases of 3.5% of the hotel Meliá, Indra (+ 3.3%) and Enagas (+ 2.5%). While the insurance company Mapfre and Mediaset, leads the losses by yielding more than 1%. For its part, Ferrovial has lost 0.8% after learning that Leopoldo del Pino, one of its largest shareholders, has sold 7 million shares of the group for 180 million euros.
The good news is that the month has ended with some of the biggest uncertainties more or less cleared. Thus, it can be said that the stock market starts with the Italian problem 'solved' and with tensions between China and the United States. However, there are still many underlying concerns. The biggest of them all is the fear of a recession, with the reversal of the rate curve in the US on everyone's mind, as well as the constant bad data coming from Germany.
"While it seems that we are going to close the week with decent earnings, there is always the question of whether another Trump tweet will appear that will end the increases in recent days and with this weak truce between the US and China. The fact that tariffs they are going to increase even more on September 1 means that the costs of doing business for companies around the world will increase, "warns Michael Hewson, director of analysis at CMC Markets in London.
There is another issue that worries and is going to be the undisputed protagonist during this autumn: Brexit. Even so the Ftse 100 continues to rise. And, the falls in the pound benefit most of the companies of the British index, since many of them obtain their income abroad.
However, Europe has closed this Friday on the rise, despite deflating itowards the end, when Wall Street passed into negative terrain. Only the Milan stock exchange has opted for earnings, from Monday to Thursday it has risen 4.5%. Today, investors focused on macro data. The eurozone unemployment remained stable in July at 7.5%. On the other hand, the inflation of the eurozone stood at 1% in August, the same as the previous month.
"This is the last contribution in terms of inflation before the ECB meeting on September 12, and it lays the foundations of the monetary stimulus package" that will be specified in that meeting, experts from Danske Bank point out in their daily report .
And, it should not be forgotten that September will be influenced by news regarding central banks. On the 12th the ECB meets, on the 18th there will be a Fed meeting and on the 19th, a Bank of England meeting.
Likewise, today the PCE has been published in the United States, which rose 1.4% in July, one tenth more. In Spain, retail sales skyrocket their growth in July to 4.7%.
