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HomeStocks NewsThe Ibex 35 struggle to break his streak bassist with a timid...

The Ibex 35 struggle to break his streak bassist with a timid rebound led by IAG

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The Ibex 35 struggle to break a streak bassist which already extends for four consecutive sessions. The Spanish index strives to mark distances to the upside with the 7,000 points and this is supported by the rising of the IAG and several of the ‘blue chips’ yesterday, condemning the red.

In the first time aimed to be the fifth session chained up in losses for the Ibex 35, the key task for the selective passing by to build a reaction to bullish try, at least, the recovery at the end of 7.064 points. In this way, it would alienate the stage of testing the lows of the month seen on Monday 3 August.

At the forefront of supporting the recovery of the index, the group of airlines IAGthat goes up about 3% following news that several of their brands, they expect to cut capacity to suit the scarcity of demand for travel by plane. Ence and Ferrovial stay to the middle, close to 1.5% to the upside.

Thus opens the Ibex 35

Eduardo Bolinches

However, there are these that are driving with more verve to the selective Spanish, but they are several of the heavyweights who on Tuesday succumbed to negative territory. Phone and Banco Santander amount to about 1%, while that BBVA manages to peek out to 2.5 euros per share.

At the other end of the table of revaluations, a value of the tourism sector is presented as the antithesis of the comeback of IAG. Amadeus it leaves close to a percentage point. This dimension is approaching also values such as Mapfre and Cie Automotive.

Threat commercial

A day more, the behavior of the sector banking will be crucial to achieve the goal of the meeting this Wednesday in which we begin preparations for the expiry of the next Friday.

Pending the reading of the minutes of the last meeting of the US Federal Reserve (Fed), although the relevance of the u.s. economy marks another focus. The breakdown of trade talks Trump with China advises investors to have a renewed dose of caution. Although not given a new pulse tariff between the two powers, the growing proximity of the presidential elections make the theme is a strong candidate to collect a prominence greater than ever.

The gold apea of $ 2,000

With this backdrop, the dollar continues to lose weight in the foreign exchange market. The euro reached Wednesday, a crossing of 1,195 ‘greenbacks’ in the changes are more favourable with the currency community.

The gold takes a high on the way to get off of the dimension of the $ 2,000 per ounce on Tuesday, returned to pass. With declines of 1% is maintained above the 1.990 dollars.

Meanwhile, the Brent oil of reference in Europe falls more than 0.5%, but maintains the threshold of $ 45 per barrel.

For the secondary market for sovereign debt, the bonus Spanish up to ten years it offers a return of 0.31% to the holders. Meanwhile, the ‘bund’ German reference mark types of the -0,48%. The gap between the two figures, the risk premium, is maintained by both stable in the 78 basis points.

Ryan Helton
Ryan Heltonhttps://etrendystock.com/
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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