Ibex moderately higher after liquidation of Italian banks

European markets closed higher on Monday (+0.5% average) after the Italian government’s decision to liquidate two if its banks. Despite the memory of the financial crisis it is becoming clearer and clearer (including the bailout of Popular) that investors are opting to continue buying. The Ibex 35 closed 0.62% higher at 10,696.60 points without really moving away from the key technical support.