The Ibex-35 hits the 9,000 and closes to the downside

The Ibex-35 hits the 9,000 and closes to the downside

Amadeus, Siemens Gamesa, Indra and Sabadell encabenzan the promotions of the day

 The selective Spanish has returned to have a volatile and hesitant day between the red and green numbers, as in the two previous sessions. Its variation has been within a very narrow range: the index has marked daily highs around 9,020 points both in the early morning, as in the middle of the day and then in the early afternoon; the minimum has marked them in the environment of the 8,940 points at three in the afternoon. At closing it gave a final change at 8,952.5 points, which means a cut of 0.33%. It has ended, therefore, very close to the intraday lows.

In the Spanish selective, Amadeus has led the promotions, with a revaluation of 2.21%. It was followed by Siemens Gamesa, with a revaluation of 2.15%. Indra and Sabadell have been located later, with gains of 1.88% and 1.14%, respectively.

   In red, Ence and ArcelorMittal were the worst, with falls of 2.18%. IAG also fell more than 2%. Afterwards, several financial entities: Bankia, BBVA and CaixaBank have left more than one percentage point, while Santander has lost 0.92%.

In the behavior of banks, then, has been the key to the declines of the session. But also in other big values, because Telefónica, Iberdrola and Repsol have left between 0.7% and 0.6%, and Inditex has lost 0.40%.

The result of the day in the Old Continent has been quite weak, in general. The Ftse Mib in Milan has been the worst indicator of the day, with a cut of 0.78%. The German Dax has dropped 0.69%. The only ones that have finished in green have been the British FTSE 100, which has added 0.09%, and the PSI-20 of Lisbon, which has scored 0.33%.

This closing in the European places has been affected because the Wall Street indices have started the session with losses. At the close of the European session, the Dow Jones was left around 0.6%, while the S & P 500 was down 0.5% and the Nasdaq was around 0.15%.

Bad feelings of Wall Street
If in the previous sessions the indicators rewarded the possible advances in the negotiations between the United States and China, the opposite happens today: the negotiating teams of both countries have not succeeded in getting China to advance in the structural reforms that Washington wants . Although the two parties agree to want to avoid an increase in tariffs as of March 1, little progress has been made in approaching positions. There is still much to do before Donald Trump and Xi Jinping hold their meeting at the highest level on a date that is yet to be determined. It is also true that the market speculates on the possibility that the negotiation period will be extended for sixty more days.

To this we must add an economic agenda of the session in the United States rather disappointing. Retail sales in the United States fell 1.2% in December compared to the November figure, when a minimum rise of 0.1% was expected. This is the worst reading since 2009. The picture of the American consumer is worse if we take into account the retail sales without cars and without fuels, since they would drop by 1.4%. Although the market discusses the possibility that these figures would be poorly calculated and would be underestimating online transactions. That the investors took this question into consideration led the American indices to reduce their decreases as the hours passed.

Neither did the figures of Coca-Cola, which suffered its biggest intraday drop in three years after announcing lower sales in the Americas in the fourth quarter of the year. At least, Cisco's results were satisfactory, which helped mitigate the cuts on the American Stock Exchange.

Fall of the American ten-year profitability
The bad macro data of the United States caused a fall in the yield of the American bond to ten years: at the end of the European session, it fell from 2.70% to 2.66%. The interest of the German title, by sympathy, fell from 0.12% to 0.10%.

The performance of the Spanish bond, despite the proximity of the elections, remained below 1.25%, and the risk premium, below 115 basis points. In the currency market, the euro, which managed to recover the 1.13 unit level, at the end of the European session was changed by 1.1275 units.

In the commodities market, the Brent barrel, a benchmark in Europe, advanced 0.82% on its third day followed by promotions, up to 64.15 dollars. The barrel of West Texas, of reference in the United States, was written down by 0.20%, up to 54 dollars.

The price of gold, meanwhile, gained around 0.40% to 1,312 dollars per ounce.