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The Ibex points to falls, with one eye on Davos and the other in the results

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Futures anticipate 0.5% falls in European places on Tuesday. It should be remembered that on Monday, both the Dax and the EuroStoxx played annual highs. It was not the case of Ibex or Cac, which ended in red. For the moment, caution and moderate movements persist while investors look at Davos. There, Donald Trump and Emmanuel Macron have agreed to a truce on the 'Google rate', which is good news. In addition, business results remain protagonists, today with UBS.

The Swiss bank has not fulfilled its forecasts for 2019 despite the fact that the fourth quarter profit has more than doubled. These accounts arrive in the middle of the renovation that is being carried out by the entity of its investment banking and wealth management divisions, with a significant cut in jobs.

Meanwhile, in Asia the different indexes have ended the day in negative because of the concern of the spread of a virus in China that is being compared with the outbreak of SARS that killed 800 people between 2002 and 2003. Hong Kong actions led Losses after the Moody's rating agency has reduced the city's rating to 'Aa3' from 'Aa2'.

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