The Ibex-35 bounces 0.90% with only seven values in red
In green, CaixaBank was the best, with a rise of 2.49%
Last week the Ibex-35 fell 1.80%, but in the session on Monday the index bounced 0.90%, to give a final change in the 8,936.4 points. The indicator has been oscillating during the whole day between the 8,890 points in which the day began and the 8,970 points in which it marked highs passed the ten in the morning. It ended, therefore, practically in between the two levels.
Only seven values of the selective closed with losses. Meliá was the worst, with a cut of 5.75%. Next, ArcelorMittal was placed, with a decrease of 1.19%. Then, only five companies, with losses lower than the percentage point: Red Eléctrica, Mapfre, Acciona, Merlin Properties and Colonial.
In green, CaixaBank was the best, with an increase of 2.49%. Ence and Mediaset also scored around 2.4%. Siemens Gamesa and Viscofán also scored more than two percentage points.
Among the largest, Inditex was the best, with a rise of 1.74%. Santander and BBVA scored 1.21% and 1.13%, respectively. Iberdrola and Telefónica gained 0.75% and 0.57%, respectively. Repsol, on the other hand, advanced 0.17%.
The promotions of the rest of Europe have been similar to those recorded by the Ibex-35. The best of all the indices was the Ftse Mib in Milan, which added 1.21%, while the French Cac 40 added 1.06% and the German Dax, 0.99%.
A little behind was the Ftse 100 in London, which added 0.82%, after an intense day in the publication of macroeconomic references. The British economy grew by 1.3% in the fourth quarter of 2018 in the interannual rate, one tenth less than expected and two tenths less than in the previous quarter. Exports grew less than expected, but imports advanced more than anticipated. The Government has begun to publish the monthly GDP. The one of December has been published today and has revealed a contraction of 0.4% in comparison with the previous month, against the stability that the analysts had predicted. In addition, industrial production fell by 0.9% in December in the interannual rate, when a contraction of 0.5% was expected.
Although the worst in the Old Continent was the PSI-20 of Lisbon, which ended the day practically flat.
In the United States, the indices showed a greater weakness than in the Old Continent. Thus, the Dow Jones, at the close of the European session, was down 0.15%, while the S & P 500 was trading around 0.10% and the Nasdaq was 0.20%. Weakness and uncertainty in the New York Stock Exchange to start a week that may be key to world trade. There are just over two weeks before the deadline for China and the United States to reach an agreement that prevents the entry into force of new and severe tariffs. On Monday the technical talks that will precede those that will take place on Thursday and Friday in Beijing at the highest level (the commercial representative and the Secretary of the Treasury, on the part of the United States) and the vice premier and the governor of the central bank by China).
The week can also be tense in the United States, since it could end with a new closure of the Administration, before the clash that is not resolved between Congress and the president of the United States, Donald Trump.
Mild outflow of bonds
In addition to increases in the stock markets, we also saw some exit of money from the bond market, which is also a symptom of greater optimism in the markets. Thus, the yield of the American 10-year bond rose from 2.63% to 3.65%. Meanwhile, the interest of the German bond at the same time went from 0.08% to 0.11%.
The only one that moved backwards was the Italian title, whose performance dropped from 2.95% to 2.88%. This after the regional elections in Abruzzo, which showed that the right coalition led by the League of Salvini has reached 49%, while support for the Five Star Movement has been reduced by half since the elections of March of the year past: from 39.8% to 19%.
In the currency market, the euro lost positions: the community currency, at the end of the session, lost around 0.4%, to the level of 1.1280 units, its lowest level since last November.
In the commodities market, fall for oil. The barrel of Brent, of reference in Europe, fell by 1.56% to 61.13 dollars. The barrel of West Texas, of reference in the United States, fell by 2.33% to 51.49 dollars. This oil evolution reflected the fear that there is no good conclusion for the commercial war. It does not inspire great optimism that there are no plans for Donald Trump and his Chinese counterpart, Xi Jinping, to meet before March 1.
The price of gold, while, left 0.42%, up to 1,308 dollars an ounce.
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