• US stocks end negative
  • The Ibex has its next resistance in the 10,600 points
eurodolarparidad

Wall Street contrasts in recent weeks with European stock markets (and an Ibex) that seems to want to keep rising. However, prudence prevails because when Wall Street 'chills', Europe 'catches the flu'. At the moment, the Ibex starts the session with falls of 0.2% and struggles not to lose the 10,300.

IBEX 35

  • 11.080,900
  • 1,50%

The US closed Thursday with cuts (Dow Jones: -0.02%, S & P: -0.11%, Nasdaq: -0.07%) after the first major test for Donald Trump ended up in suspense. The vote on the bill to repeal and replace Barack Obama's health plan, known as 'Obamacare', ended up canceling yesterday for lack of support. At the moment, it is not known when the vote will be held.

Experts fear that the market will begin to realize that one thing is the promises - on which the 'Trump rally' has been built - and quite a different fact. So far Trump had said that the tax cut would not be announced until the health reform was approved. However, this Thursday warned that he is prepared to leave the 'Obamacare' unchanged and move to tax reform.

Returning to this side of the Atlantic and to Spain, this Friday closes a week in which the Ibex has continued to advance. The selective has a first resistance in the 10,600-10,650 points and, for the moment, trades above levels of 10,300 points.

Moreover, the agenda for this Friday is for that 60th birthday of the European Union and for the publication of PMI manufacturing and services in March in Europe. In addition, there will be returns to Fed members today after this week left the door open to four rate hikes this year.

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