The Ibex is left 1% and loses key support

The spanish market leaves behind 9,920 points

  • The index does not have its next brake until the 9,800 points
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Bolsamanía
Bolsamania | 15 nov, 2017 10:50
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The Ibex 35 trades with 1% drops and loses the key support of 9,920 points (9,905 points). Very bad news for the spanish market, which continues with its particular 'stock market bleeding'. The index does not now have a brake until the 9,800 points, which correspond to the base of the bearish channel.

IBEX 35
19.542,300
  • 1,01%194,90
  • Max: 19.575,30
  • Min: 19.338,10
  • Volume: -
  • MM 200 : 17.099,22
17:35 22/06/26

To all this adds that Wall Street closed on Tuesday with falls, which is a pressure added today for European places. In addition, in Asia have also dominated the red numbers, with cuts in the Nikkei of 1.57%. In general, the stock markets are taking a break and, in this context of falls, the Ibex is even more stressed. As we have been saying in the last sessions, if the Spanish selective one already fallen when the rest rose, now that all yield, the Ibex falls with more desire.

The oil is news this Wednesday due to the strong falls that are registered at this time (Brent barrel: -1.25%, $ 61.43, West Texas Barrel: -1.11%, $ 55.08). A report by the International Energy Agency (IEA) estimates a lower demand for oil this year and next. Today we know the weekly data of crude inventories on the other side of the Atlantic.

For the rest, from the business point of view, peace of mind regarding business results. Outside our country, Volkswagen said that the authorities responsible for the tax processes entered the offices of the company's financial director, the head of human resources and the president on Tuesday. Files and computers were seized, according to Reuters.

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