- If it left the 9,900, key support, he would not have brake until 9,600
- PMI manufacturers in Europe and the United States stand out on the agenda of the day
It starts 2018 in the stock markets and it does so after the last session of the year, that of last December 29, was not as good as could be expected. The European stock markets, especially the Cac, the Dax, the EuroStoxx, and also the Ibex, closed with falls. In the case of the EuroStoxx, the year ended with the drilling of supports and, as regards the Ibex, everything indicates that it is going to go for the 9,900 (key support) after closing 2017 also loosely and finishing at 10,000 points (10,043 points).
- 11.154,600
- 1,56%
"This leaves the European stock markets very much in touch with the beginning of 2018", says the expert of 'Bolsamanía', José María Rodríguez, who alludes to the strength of the euro (which is trading above 1.20 against the dollar) as main cause of this weakness in equities. "Very careful with the Ibex leaving behind 9,900," says Rodriguez. If this happens, there are no clear supports up to 9,600 points. "Make no mistake, paint coarse for the Ibex," he warns.
Thus, the Ibex turns and passes to negative (-0.10%, 10,033 points) while the rest of the main European places fall more strongly (Cac: -0.8%; Dax: -0.9 %; Ftse: -0.3%).
The policy will continue to be a central element in this 2018, especially in Spain, where the results of the elections in Catalonia continue to be held and the expectation continues regarding the formation of a government in the Autonomous Community. The rise of Citizens continues to be a hot topic, without forgetting the role played in all this by Carles Puigdemont, who continues in Belgium. Outside of Spain, attention in this area will focus on the elections in Italy, where it is expected that finally a block of conservative parties will be imposed, in the style of what happened in Sicily, and there is less fear of what may be occur with the extremist party '5 Star Movement'.
Tensions between the United States and North Korea also seem to focus on this new year that opens on Tuesday in the stock markets. Kim Jong Un has stated that "The United States is within reach of our nuclear weapons, there is a nuclear button always on my desk". The leader of North Korea has stated that Washington will never be able to start a war against its country now that it has developed the capacity to reach the entire continental United States with its nuclear weapons. The American bags closed last Friday also in red, with cuts of 0.5% on average.
In other markets outside equities, gold rises to 1,307.8 dollars per ounce. As for oil, Brent now adds 0.46% up (67.18 dollars) and West Texas 0.40% (60.66 dollars). In addition, bitcoin is losing just over 8% and is trading in the area of 13,100 dollars.
Regarding the day of this Monday, the data calendar goes through manufacturing PMI in Spain, Italy, France, Germany, the Euro Zone and the United States for the month of December. In Spain, this reference has been at 55.8, below the forecast (56.0). In the Euro Zone it has been placed at 60.6, in line with the estimate.