The Ibex continues to climb towards 10,400 points

The Ibex quotes this Tuesday with increases of half a percentage point while it continues climbing to 10,400 points. The selective ended the last day with falls but, finally, respected the 10,300 points that came to lose during some time of the session. In the rest of the European places, red numbers also prevailed while Wall Street managed to finish the positive.

In Asia continues the journey of Donald Trump (who is now in South Korea) while the squares have closed with significant increases of 1% on average. It should be noted that the Central Bank of Australia (RBA) has kept interest rates at 1.5%, as expected. However, investors are facing another session in which, here in Spain, it is still talking about Catalonia (200 mayors travel to Belgium to support Carles Puigdemont at the same time that the deadline to submit a joint candidacy for the elections of the December 21) and in which there is a shortage of catalysts beyond what Mario Draghi, president of the ECB, who speaks this morning, or Janet Yellen (Fed), who will appear this afternoon, can say. In addition, there is a meeting of Ecofin (Ministers of Economy and Finance of the European Union).

From the technical point of view, nothing has changed in the Ibex. Last Friday he did not manage to close the week above the resistance of 10,400 points and that is a sign of weakness. "That we have missed the opportunity to confirm above the September highs last week is a 'jug of cold water' for the market (...)", says the expert of 'Bolsamanía', José María Rodríguez, and returns to remember the importance of being aware of BBVA -which usually acts as a leading indicator of the market- and of that level of 7 euros. "Drilling it would be a clear sign of weakness for our market," he reiterates.