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The Ibex (-2.21%) erases weekly gains due to pressure from tourism and banks

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The Ibex has fallen by 2.21% this Friday and has been below 7,000 points (6,929 points) due to pressure from the tourism sector (IAG has fallen by 14.17%), of the banks (Sabadell is down 7.53%) and Inditex (which has been left 2.4% after the increases caused by the results published on Wednesday). In this way, the selective Spanish has erased the gains that it accumulated in the whole of the week.

The absolute protagonists of the session have been CaixaBank (-2.18%) and Bankia (-4.76%), than have approved their merger. The first will pay 0.685 shares for each share of the second to absorb it, as confirmed by both entities.

Within the business field, Urbas has stood out in the Continuous Market, which has risen by 23.13% and accumulates a rise of almost 140% in the last three sessions after entering the mining business offering an alternative to Berkeley to invest in this sector.

Although the session has ended, investors will continue to wait to know the S&P and Moody's decisions on Spain's rating, which will be known at the close of Wall Street (10pm in Spain).

In the raw materials market, the barrel of brent, a benchmark in Europe, is trading practically flat at the close of the session on the 'Old Continent', and remains at around $ 43. On the other hand, in the foreign exchange market, the euro appreciates 0.13% and changes to 1.1864 dollars.

TECHNICAL ANALYSIS

Regarding the technical aspect of the Ibex, the selective is still undecided, neither up nor down. This Thursday, again, he abandoned the 7,100 points that he had achieved thanks to Inditex. And this Friday it has not managed to close the week above 7,000 points.

"The selective remains relatively close to the resistance of 7,200 points, prices that should be exceeded if we want to end up seeing a continuation of earnings up to 7,321 points, key levels. We will only see a technical complication of its price series with the abandonment of the support of 6,900 points ", explains César Nuez, analyst at Bolsamanía and head of Trader Watch.

. (tagsToTranslate) Ibex (t) (- 2 (t) 21%) (t) clears (t) weekly earnings (t) (t) pressure (t) tourism (t) banks (t) Category: All (t) Category: Market Report (t) Category: Europe Report (t) Category: International News (t) Category: Pulses (t) Category: Pulses Europe



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