• The number of unemployed in the last month drop 26,887 people to a total of 3,335,924 unemployed, the lowest level in the last eight years
ep bolsamadrid ibex 35 parque
EUROPA PRESS

The Ibex 35 is going slowly in the search of 10,700 points (+ 0.14%, 10,601 points), especially pointing to the most immediate technical resistance of the 10,705 points. The main index of the Stock Exchange of Madrid had a good beginning of month with a revaluation of 0.8%, in line with the rest of the main European exchanges, and finished in 10,586 points.

IBEX 35

  • 19.542,300
  • 1,01%

However, the Ibex has room to rise to 10,705 points, the closest resistance from a technical point of view. While the support to be pending is in the range between 10,360 and 10,370 points, last week's low.

The Ibex has maintained a lateral movement between these levels during the corporate earnings season in Spain, which reflects an increase in bank profits of 21% year-on-year, and results positively valued by the market for 'blue chips' such as Telefónica . It also leaves victims like Siemens Gamesa, which left another 6.57% on Tuesday but started on Wednesday, recovering 2.7% and resuming 13 euros per share. IAG is again leading the increases of this day with increases of 1.39%, after rising yesterday by 3.6%.

Beyond the business agenda, investors will have few macroeconomic references on Wednesday. Data released by the Ministry of Employment and Social Security reveal a drop in the number of unemployed in the last month of 26,887 people to a total of 3,335,924 unemployed, the lowest level in the last eight years.

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