The Ibex trades in negative after the Dow Jones exceeds 21,000 points

Second session in March. Day of 'hangover' after the strong rises in the Old Continent and also in the United States, with the Dow Jones in the 21,000 points for the first time in its history. At the moment, the Ibex, which sprayed 9,623 yesterday, opens flat, at 9,751 points.

In the Spanish index, in addition, on Wednesday, important resistance values ​​such as Santander, Repsol or Telefónica exceeded the 5.28 euros, 14.02 euros and 9.85 euros, respectively. With the blue chips also overcoming barriers, the possibility that the Ibex continues its climb (it has no brake until the 10,000 points) is increased.

In the United States, the S & P exceeded, at intraday level, the 2,400 points. "The stock exchanges liked a speech without details of Trump, and they also liked the strong increase in the likelihood of the Federal Reserve raising rates at its March meeting," said independent analyst Jose Luis Cava.

An encouraging panorama, therefore, for the markets, and good prospects that could be spoiled, yes, if the European political situation is complicated. In the middle of the month, coinciding with the date of the Fed meeting, the outcome of the elections in the Netherlands will be known. Meanwhile, in France, the conservative candidate is virtually ruled out by his judicial problems. Marine Le Pen continues to gain strength but, for the moment, the idea remains that he will not be able to win the election finally.

As for the macro references of the day, unemployment has fallen in Spain by 9,355 people in February, its second best record in this month since 2005. As for the GDP, also of Spain, grows by 3.2% in 2016. In addition , It should be noted that the preliminary reading of the IPC data for February in the Euro Zone will be published today. According to Link Securities experts, this reading is expected to "get close" to the 2% level, which is marked by the ECB as a target.