technical rebound in the bags – Investing.com Spain

Climbs on European exchanges at this time, catering to technical reasons rather than anything else. After losing European selective about a 11% average in two sessions, the strong oversold that we accumulate causes us to see this kind of rebounds, although it is still early to think that we could be facing the beginning of a rebound over time.

also the American market has suffered the Brexit effect, although to a lesser extent in Europe with falls from Friday around 5% both at S & P. At least the S & P for the moment, it remains above the psychological support at 2000 points

What is clear is that volatility has become the main protagonist of the bags and not just us. he would accompany Friday. Yesterday we saw a clear example where, with an opening with increases of 3% after the election results to log dropping 1.83%. As we discussed, it seems that the Ibex not usually will sit well the general election and that of the last 9 after general elections sessions, has fallen yesterday to 8 times.

Today bags remain

alert to any rumor of central bank intervention and the outcome of the Eurogroup meeting to be held today and tomorrow. It will be important massive support of its members to the European project to encourage markets after the generated doubts about the future of Europe with the Brexit. At the moment the consequences of Brexit already beginning to notice, not only with the apparent drop in European and English bags, but also with the loss of rating Triple A of UK.

As for macroeconomic data , highlighting US and estimation.

As market currencies and commodities are also seeing a rebound effect to Brexit. Currency rises stand in until 1.3338 and 1.1075 up. Commodity goes up to $ 48.80 per barrel and spot falls to $ 1,315.

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