- Siemens Gamesa and Grifols led the gains on Tuesday
- Despite the holiday in many countries, there are important references such as the meeting of the Fed
The selective starts November with increases of half a percentage point, which is close to 10,600 points. The Catalan crisis hit the Spanish equities in several sessions. Even so, the Ibex 35 ended October with accumulated gains of 1.3% to 10,523.5 points. The day will be marked by being festive, which could reduce the negotiated volume, although the stock markets will operate normally. In fact, today investors have relevant economic references. The most important is the meeting of the Federal Reserve (Fed).
- 11.291,700
- 0,47%
The selective accumulates more than 3% in two sessions, after the application of article 155 and despite the fact that on Friday the Parliament voted in favor of the unilateral declaration of independence (DUI). However, the turbulence seems to dissipate. On Tuesday, after the close, S & P issued a statement in which it ruled out that Spain's 'rating' could be affected by Catalonia, although Fitch did warn of risks on Monday.
This Wednesday, steel values and banks pull the selective. ArcelorMittal shoots close to 3% and Acerinox scores 1%. While Sabadell, CaixaBank and Santander are scored one percentage point. On the negative side, the decreases close to 1% of Red Eléctrica and Inditex stand out.
Technically, the Ibex 35 has sent this week "the first sign of strength in a long time," says José María Rodríguez, analyst of 'Bolsamanía'. The selective has exceeded the environment of 10,410-10,420 points, which were the highs of September and the highs of last Thursday, with which "the index marks a first growing maximum and also 'pokes his head' also above the part high, by definition resistance, of the bearish channel", he adds.
The results season has a truce on Wednesday. For now, banking figures have already been published, with a year-on-year increase in the accumulated benefit between January and September of 16% to 11,800 million. Also important companies such as Telefónica, which improved its net profit by 9.6% to 839 million in the same period.
Despite being a holiday, investors have many references. In the United Kingdom the Markit Manufacturing PMI will be published, which will also be known in the United States before the opening of Wall Street, before the ADP report on the jobs generated in the private sector, considered the prelude to the Employment Report that Will be known on Friday, or the manufacturing ISM. Although the most important appointment will come with the European market closed and with two hours to close the session (7:00 pm Spanish time) with the meeting of the Fed. The market does not expect changes in interest rates, which remain between 1% and 1.25%. Although still in the air the possibility that the central bank chaired by Janet Yellen 'pull the trigger' in December.
The message could affect the currency market, in which the euro trades with slight declines to $ 1,164. On the other hand, oil moves with profits above the half percentage point that lead to Brent, reference in Europe, above 61 dollars. In the main Asian stock markets, generalized increases. Especially in Japan and South Korea, with increases close to 2% for the Japanese Nikkei and more than 1.3% for the Korean Kospi. The movements are also in green but milder for the Hang Seng of Hong Kong, the Shanghai of China and the ASX of Australia.