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The Ibex moves away from 8,100 when falling 1.4% in the last quadruple witch hour of 2020


He IBEX 35 closed the session on Friday with the biggest drop of the week, down a 1.42% and close in the 8,037.4 integers. In a week of consolidation of levels, the Spanish selective has left a 0.31% during the last five sessions.

Enagás has received a tough JPMorgan recommendation cut and has ended with falls of 2.1%. However, Amadeus (-4.31%) and Mapfre (-4.1%) they have been the most bearish values ​​of the session, falling more than 4%. On the positive side it has been placed Siemens Gamesa, which has risen 3.62%.

All this in the last 'quadruple hour witch of the year', the quarterly maturity of options and futures on stocks and indices. It has been a special day, in which investors have positioned themselves for the next three months.

Therefore, the volume of trading in futures increases significantly in the previous sessions, mainly due to the 'roll' of open positions towards the next expiration.

At an economic level, the Bank of Spain (BdE) has indicated the alarming "loss of momentum of the Spanish economic recovery", with a "notorious" moderation of its GDP in the fourth quarter due to outbreaks and restrictions. Given this scenario, the agency expects the country's economy to decline by 0.8% in this final stretch of the year.

In Asia, Bank of Japan has extended six months his special program intended to ease corporate financial pressures from the coronavirus pandemic. However, Asian bags have closed with falls before him increase in coronavirus cases in certain countries of the region, which has affected investor confidence.

On the coronavirus pandemic, Covid-19 continues its unstoppable spread throughout Europe and the United States. Despite the arrival of vaccines (the American FDA has already approved Moderna's), the virus threatens to cause further restrictions and economic losses during the winter months.

On the other hand, negotiations between the European Union and United Kingdom to avoid a Hard Brexit Before the end of the year.

At a strategic level, ForexNews.online publishes that BlackRock is forgetting Europe by 2021 and bet on China and Wall street. The most important investment fund in the world considers that European equities, together with the Japanese, is currently much less interesting than the United States and, above all, the Chinese and the other emerging Asian countries.


By technical analysis, the Ibex "remains trading above 8,000 points, in what appears to be a lateral consolidation pending the appearance of a sign of strength ", affirms César Nuez, analyst at Bolsamanía.

According to this expert, the bullish signal consists of the overcoming resistance of 8,322 points, highs in early December, "which would make us think of an extension of earnings to the level of 8,683 points".

On the side of the supports, it is necessary to monitor their behavior in the 7,978 points. "If it were to leave this price level, we could see an extension of the falls to the level of 7,783 points", concludes this expert.

In other markets, the Brent oil falls 0.5% to $ 51.21, while the euro it depreciates 0.14% and changes to $ 1.2250. Besides, the ounce of gold down 0.2% to $ 1,885. Finally, the profitability of the 10-year Spanish bond it is trading at + 0.02%, after setting negative historical lows a few days ago at -0.02%.

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