- Telefónica, which rose 1%, was the lever to avoid losses
The Ibex 35, up 5% in the accumulated of 2017 and 17% in the last 12 months - with the Brexit in the middle - has a 'shot' the 10,000 points. This Tuesday has begun to quote with slight rises. Inditex is the 'blue chip' that takes the witness today to the momentum of Telefónica yesterday and the banking last week.
- 19.371,100
- -0,17%
The Spanish index has since December 2015 without finishing a session above the psychological barrier of 10,000 points, but in this case is also a resistance from a technical point of view. In this sense, Telefónica, above the resistance of 9.4 euros, "is exultant", while the Ibex now needs BBVA to pass 6.6 euros, explains José María Rodríguez, analyst of 'Bolsamanía' . For now, the 'teleco' adds 0.3% at the opening and the bank quotes flat.
Another key value for the evolution of the Ibex is Banco Santander, which before the beginning of the trading day has confirmed the sale of the platform of funds for institutional Allfunds for 1,880 million euros, which will yield revenues of 470 million for its 25% With a capital gain after taxes of 300 million euros. The entity chaired by Ana Botín is quoted with slight rises.
AWAITING THE ECB
The session on Tuesday is loaded with macro references, such as factory orders in Germany, which reflect a monthly decline of 7.4% in January, compared to 5.2% in the previous month and the expected fall of 2.7% By the market. Other references will be the prices of housing in the United Kingdom, the GDP of the Eurozone or the issuance of letters to 6 and 12 months by the Treasury.
However, the most important meeting of the week will come on Thursday, with the conclusions of the ECB meeting and the subsequent speech of its president, Mario Draghi. The market expects no changes in monetary policy and no clues as to when those changes will occur, but rather an update of macroeconomic forecasts, including inflation, that will build expectations on future decisions by the central bank.
Meanwhile, Wall Street closed yesterday with setbacks around 0.3%, with the Dow Jones below 21,000 points. In Asia, the major exchanges are experiencing a day of slight progress, including Australia's ASX index, where the monetary authority has kept its monetary policy unchanged.
DEPLOYMENT OF DEUTSCHE BANK
The bank avoided contagion of the losses of Deutsche Bank, which sank 8% a day after confirming a capital increase of 8,000 million euros. The German DAX thus ended with a fall of 0.57%.
In the business field, two important operations were highlighted, which were received on the stock exchange with increases for their protagonists. PSA - French group controlled by Peugeot and Citroen reached a purchase agreement for European subsidiary Opel / Vauxhall of General Motors 2.2 billion euros. In the United Kingdom, the managers Standard Life and Aberdeen Asset Management have agreed to merge by means of an exchange of shares to give rise to a giant of the sector with 760,000 million euros under management.