The Ibex 35 marked the week with steep ascents. So, selective started from the 10,148 points and ended at about 10,420, representing an increase of 3.67% in the last five days. The determining factor in these increases came directly from Frankfurt. Draghi toned speech, especially in today’s session, which pointed to new steps towards stimulating the economy and increase inflation. This added to other bullish factors has made the Ibex has climbed 3.5% today.
Among those other factors highlighted by the cut in interest rates that has been introduced in China. The Asian giant has decided to promote this measure to support its economy. Additionally, today had witching hour, which has caused increases in Europe were more in the morning.
In the last part of the session, Wall Street has risen to the bullish wave that was taking place in the Old Continent , so that European markets have reacted by extending their gains. The Dow Jones rose 0.69%, Nasdaq 0.51%, the S & amp was noted;. P 500 advanced 0.65%
As if this were not enough, analysts at Goldman Sachs have pointed out that Spain and Germany will grow over the whole of the eurozone.
With all this bullish cocktail of measures, the German Dax has risen 2.62%, the French CAC 40 gained February 1 67%, the FTSE 100 English has climbed 1.08% and Italian FTSE Mib has appreciated 3.76%
The market strategist at IG Pingarrón Daniel took stock of the trading week: “The President of the ECB, after admitting a difficult economic situation in the euro zone and some volatility in the inflation outlook, has stated today that will do everything necessary to raise prices and raise expectations on them soon. The market reprises these statements there are greater chances that the ECB will increase sooner than later programs of asset purchases. This is the key factor of the week, already caused clear increases in session on Monday and Tuesday. Europeans are beginning to discount assets clearly increased purchases of the ECB “
Within the Dow, the main beneficiaries of Draghi’s words have been builders and banks . Daniel Pingarrón IG, said that “As usual, banks and cyclical companies, such as construction, are the most benefited sectors, resulting in the Ibex 35 leading developments in Europe.”
To XTB analyst Joaquin Robles “Ibex 35 including all the movements of a more aggressive form than their counterparts taken. Both for good and for bad. The truth is that the last day of the week has been more successful than expected. If first thing in the morning was Draghi who again reiterated that he would do whatever possible and without delay to help up inflation to their recommended levels, which really boosted the market was supporting two hours later the president of the Bundesbank Jens Weidmann. “
The most bullish Madrilenian park values have been Sacyr, ACS, ArceloMittal and FCC, all above 5%. On the side of the falls are located Abengoa, which has left and Viscofan 1.99%, which has lost un0,26%.
Among the great values, Santander has gained 3.66% , BBVA has scored 2.68%, Iberdrola has risen 3.31%, Inditex has advanced 2.91%, Telefónica has climbed 2.93% and Repsol has risen 3.74%.
Draghi’s words have resonated strongly in the forex market and the debt market. The interest demanded by the Spanish bond fell to 2.025% just before closed bags. At the same time, the risk premium fell to 124 basis points.
The euro has fallen sharply following Draghi’s words. At the time of closing of the equity markets in Europe, the euro was $ 1.2409.
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