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Ibex maintains strong falls while pressure persists for the coronavirus


European indexes are listed with bulky falls this Thursday, as is the Ibex, which has recovered at some times of the day but returns due to its privileges (-0.7%. 9,478 points). The collapse of Siemens Gamesa, together with the pressure of all the companies affected by the coronavirus (Meliá, Amadeus, IAG …) keeps the Spanish index in red. The experts of Bolsamanía believe that the increases of the last days have been a simple bounce to keep falling. The situation of Coronavirus health crisis It remains very worrying. There are already 170 dead and 7,000 infected. The number of cases increases with each passing day and the president of the Federal Reserve (Fed), Jerome PowellHe said Wednesday that Wuhan virus is the main risk for the markets right now.

This Thursday follows the publication of results of banks in Spain. We will meet those of Sabadell, while Liberbank (gained 0.6% more in 2019) Y Unicaja (Your profit rose 13% last year) have already announced theirs. Outside of Spain, Deutsche Bank has communicated Losses of 5,300 million in 2019.

In addition, within the Ibex is Siemens Gamesa news, which sinks after announcing a profit warning last night.

Returning to the technical aspect of the Ibex, the main resistance remains in the 9,562 points. "The strong rises of the last two sessions neutralize somehow the bad feelings that our Ibex left us after Monday's crash, but to the extent that it does not close above 9,562, possibly on Friday, things will not really improve", explains José María Rodríguez, expert of Bolsamanía.

As for other news, the Brexit He is the protagonist this week since this Friday the United Kingdom will leave the EU. The issue is once again on the agenda of the European Parliament, which meets this Thursday. Meanwhile, in the United Kingdom, the Bank of England has announced that it leaves rates unchanged in which it was the last one with Mark Carney at the head of the organization.

As for other references on the agenda of the day, unemployment of the Euro Zone closed 2019 at 7.4%, its lowest level since 2008. The CPI of Germany and the PCE and GDP of the United States are also published today.

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