The Ibex-35 loses 9,000 despite good news from Washington

The Ibex-35 loses 9,000 despite good news from Washington

The selective Spanish closed the day with a revaluation of 0.52%

  Second session of rebound for the Ibex-35, with the rest of Europe accompanying and also Wall Street in positive. The selective Spanish closed the day with a revaluation of 0.52%, insufficient to recover the 9,000 points: it remained at 8,983.1 points. The selective lost 9,000 points in the last minutes of negotiation : during much of the day, from mid-morning to past five in the afternoon, was above that psychological level.

Only nine Ibex-35 securities closed the session with losses. IAG was the worst, with a cut of 2.12%. Then Cellnex was placed, which suffered a 1.09% decrease. They also ended with Colonial and Merlin losses , in addition to Ferrovial, Grifols, Acerinox and Red Eléctrica.

   Santander was the only one of the large values ​​of the selective that ended in negative: it was left 0.16%. Perhaps it affected the bank that presides Ana Botín the decision not to repay its emission of coconuts of 1,500 million euros made in 2014 with a return of 6.25%. It was expected to execute a repurchase option next March 12. The decision not to execute it can affect not only the bank and its rate curve but the entire coconut market, which is estimated at 340,000 million euros.

In green, Meliá was the best , with a rebound of 4.02%, after losing close to 6% in yesterday's session. Next was Cie Automotive, which scored 3.15%. Among the most profitable, two of the 'blue chips': Inditex and BBVA scored around 1.7%. Among those who earned more than one percentage point, some financial institutions: Sabadell and Bankinter, as well as Bankia.

In the General Index of the Madrid Stock Exchange, Sniace was the most profitable value, with a rise of 9.87%. In red, the worst was Nextil, with a decrease of 27.27%, followed by Dia, which lost 4.91%.

Other European equity indices registered more significant advances than those added by the selective Spanish, in some cases higher than the percentage point. Thus, the best were the Ftse Mib in Milan and the German Dax, which advanced 1.12% and 1.01%, respectively. The French Cac 40 added 0.84%. The worst was the British Ftse 100, which scored just 0.06%.

Good news from the USA
On the New York Stock Exchange the indexes earned more than 1%. To a large extent, the generalized advances registered by the Stock Exchanges originated news that came from the United States: the American congressmen have reached a principle of agreement to avoid a new closure of the Administration. It is a pact for financingof the security of the United States-Mexico border with a value of 1,375 million dollars, below the 5.700 million that the president wants for his wall. Therefore, it is not yet known if President Donald Trump will accept the arrangement that the legislative branch has achieved. President Trump has stated that he is not very happy with the agreement reached by the Republican and Democratic negotiators, but has stated that he will hold a meeting later to analyze the commitment.

To those in principle good news that came from Washington , were added others: the president of the United States, Donald Trump, would like to meet with his Chinese counterpart "very soon", according to statements from White House sources collected by Bloomberg. China and the United States would have to reach a trade agreement to avoid the application of the increases in anticipated tariffs. A meeting at the highest level would make the possibility of an agreement more feasible.

That good news tone stopped the appreciation of the dollar, which lasted more than six sessions, and caused a slight comeback of the euro . At the end of the session, the community currency pointed 0.35% against the greenback and recovered the 1.13 units that had lost the previous day.

In the bond market , rise in returns. The interest of the American ten-year bond advanced from 2.65% to 2.68%. That of its comparable German, from 0.12% to 0.13%.

If the trade issue is resolved (or improved), it would eliminate one of the main threats to world economic growth and that has led to a large extent the significant downward revisions of the GDP evolution forecasts. And if finally there is no new closure of the US Administration, a possible obstacle to the growth of the United States would also be eliminated.

In the raw materials market , the rise in crude oil, which took advantage of the improvement in news: the Brent barrel, a benchmark in Europe, advanced 1.84% to 62.64 dollars. The barrel of West Texas, of reference in the United States, pointed to 1.55%, up to 53.22 dollars. The price of gold, meanwhile, advanced by 0.10%, to $ 1,309 an ounce.