The 10,900, the next target of the Ibex

Janet Yellen has encouraged a quiet week ahead of the Ibex with 10,900 points (10,659 points clear). After overcoming the resistance of the 10,615 points in the last session, in the short term the experts of 'Bolsamanía' are very likely to reach those 10,900 points.

The second most important catalyst this week is the business results that also come from the other side of the Atlantic this Friday. Their figures are presented by JP Morgan, Wells Fargo and Citi and we will see how these entities react to their accounts since the experts predict that they are weak results. In general, it is estimated that the season of business results will be positive. However, in this case, the consensus does not seem overly optimistic. The season of accounts of the second quarter will start in Spain informally next week with the figures of Enagás, which are published on Tuesday, July 18.

This Friday continues to talk about the decision of Banco Santander to issue bonds for certain minority shareholders (those who attended the capital increase last summer and acquired subordinated bonds of the issues of 29 July 2011 and 14 Of October 2011) of Banco Popular. The entity falls slightly at this time (-0.10%). In addition, the other major protagonists will be MásMóvil, which debuts in the Continuous Market after recognizing this Thursday that it has a high indebtedness. The financial debt of the fourth largest telecommunications operator in Spain amounts to 777 million euros. In the Continuous Market, investors will also follow the evolution of Prisa, which rose 7% after announcing that it has finally sold Media Capital to Altice for a total company value of 440 million euros and an accounting loss of 69 million. In addition, Dominion has announced the purchase of The Phone House Spain for 55 million.