Categories: Stocks News

The Ibex 35 is fighting for the 7.300 points with the turning upward of the financial values

The deep correction of the Thursday makes way for the bounce in the european stock markets after an opening in which came to dominate the fall. The cooling of the enthusiasm for the economic recovery before him with new macro data weaker than expected, but bargain hunters appear on the scene. The Ibex 35 passes from compromise to 7,200 points, with declines of 1% to recover 0.5%, and take the tie to 7.300 integers.

Banks and tourist values which returned to the head of the falls in the first crosses get be rotated upwards. After the bell, IAG leaves a 4% and almost equals the dimension of the Sabadell. Bankia and Bankinter leave more than 2%.

At the other end of the table of revaluations, Grifols achieved to avoid losses for the second session in a row and he is joined by cut-off values more defensive as the energy Power Grid and Iberdrola and the industrial Viscofan.

Strong adjustments on all stock markets to the earnings obtained in the last two weeks that have led to the recall sessions more typical of march than a simple collection of benefits for its virulence.

Today’s session will be key for measuring the temperance of the investors before the weekend in an atmosphere of reaction in the majority of markets the corrections of yesterday. So, we see rises to 1.20% of average in the future americans that are soothing to the places asian that leave only the 1% in the case of the Nikkei or 0.4% in China.

For its part, the future european move mixed with increases in the 0,78% for the Dax and corrections of 0.7% for the Euro Stoxx while the Ibex points to an opening that is above the price range of the area of supports to defend today.

From the macro point of view, we will have a session full of interesting events and it starts off strong with the advance of the GDP in Uk at 8 in the morning (-18,7%), industrial production in April (-15%) and manufacturing (-15,8%) and the trade balance, April (-11.620 million).

At 8:45 we will have the CPI of France (0%) and fifteen minutes later, the Spain (-1%). At 10 we will have the appearance of a member of the ECB and the 11 will be published industrial production in the Euro Area, April (-20%).

The Ecofin meeting will begin at midday and in the afternoon at 14:30 we will step to the united States with the index of prices to the import of may (0.6%) and exports (0.6 per cent) to finish at 16 hours with the expectations of the consumer of the University of Michigan (70) and consumer confidence (75).

Ryan Helton

A Stock enthusiast since childhood, Ryan is known for his impeccable knowledge in the technology and gadgets niche. He has been working with eTrendy Stock as a contributor for most stock category and his articles are always well-researched and accurate.

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