- Asia also performed strongly in a day of green numbers
- UK and the EU reach a deal for Brexit bill
- North Korea defies Trump with the launch of a new missile
- BBVA announces the sale of its property assets Cerberus
The Ibex 35 perked up this Wednesday and gained 1.22% to end on 10,267 points, surpassing the first resistance it had at 10,175 points. This growth was brought on by strong performances from Aena, banks and also a good day on Wall Street. The market budged above 10,300 briefly, and now looks towards the new resistance of 10,600 points.
- 10.887,500
- 0,30%
The advance was led by Tecnicas Reunidas (+4.78%) and Siemens Gamesda (+4.30%), which announced on Tuesday a new contract with Orange Renewable in India. Banco Sabadell was up next with a gain of 3.76%.
The rest of the banks in the Ibex also saw gains on Wednesday. Bankia was up 3.67%, Caixabank by 3.29%, Bankinter 2.55%, Banco Santander 1.84% and BBVA 1.99%. The latter announced an agreement has been reached for the sale of its Cerberus property assets.
Aena jumped 3.29% after benefiting from an improved recommendation from JPMorgan, Santander and Moody’s.
FALLERS AND GENERAL EXCHANGE
Sales on Wednesday were seen by Indra (-0.86%), Merlin Properties (-0.68%) and Amadeus (-0.60%).
In the general stock exchange, biotech firm Oryzon was up 50.64% after the latest declaration from its president and a report from financial group Solventis.
MACROECONOMY AND BITCOIN
The UK and the EU have reached an agreement for a financial settlement post-Brexit, which could arrive as high as 64m euros. On the other side of the world, North Korea launched its latest ballistic missile barely a week after Donald Trump departed the continent. Kim Jong-un put an end to weeks of inactivity by launching the rocket, which ended up in waters close to Japan. Trump warned on Twitter that additional sanctions would be imposed on the regime.
Bitcoin’s rally continues to surprise analysts, and barely a day after it broke through the $10,000 mark it now sits at over $11,000.
TECHNICAL ANALYSIS
Bolsamanía technical analyst José María Rodríguez said: “On Wednesday the Ibex has finally behaved much better than its European neighbours. Technically it appears that little by little we can try to go closer to the real resistance zone of 10,600 points.”
“In the very short term, we have left an opening at 10,144 points, now the support. Although another support exists before the level of 10,175 points, experience tells us the majority of gaps end up being filled, which leaves the doors open to a correction.”
