A new summer week for the Ibex in which the technical levels to be monitored remain the same: 9,500 below and 10,000 above. The index has started the week with slight increases of 0.3%, at 9,775 points. On the other hand, after starting the day with falls of 2%, DIA has gone up 5% and now adds just half a percentage point up. A lot of volatility in the company after it skyrocketed last Friday.
- 10.854,400
- -2,22%
With no major developments on the agenda for the day, and for the week, attention is focused on Monday, according to analyst reports, on new signs of the China-U.S. trade war after Chinese authorities pledged Friday to impose $60 billion in tariffs on U.S. goods in retaliation against U.S. trade restrictions.
Attention is also focused on Italy after the pressure on the Italian debt market in recent days due to the uncertainty surrounding the forthcoming presentation of the Budgets in Italy. On Friday, the Italian Government held a meeting on this issue, but so far no details have been released on the possible agreement reached by the coalition of ruling parties. The Italian Finance Minister reiterated that the agreement on the Budget will be known in September.
In the chapter on business results, this Monday the HSBC accounts stand out. Europe's largest bank surpassed expectations with the first half results after the surprising fall in profits in the first quarter. The bank has reported that profit before tax rose by 4.58% compared to the same period last year, to US$10.71 billion in the first six months of the year, exceeding analysts' estimates of US$10.38 billion.
Returning to the Ibex and its technical aspect, everything remains the same, with the index fitting between those 9,500 and 10,000 points referred "The only thing to hold on to in the very short term (to bet on a break of 10,000) is the possibility that the banks will continue to bounce back in the coming sessions," says Bolsamania expert José María Rodríguez. "The index that includes the banks, the EuroStoxx Banks, presents a figure of return with upward implications, which is a carbon copy of that of Santander", added this analyst.