Friday, December 16, 2016

SPAIN: The Ibex 35 is facing the quadruple time witch in maximum – EntornoInteligente

Expansion / The Bags to monitor the evolution of the euro in a special day by including the last expiration of futures and options in the year. The euro prevents at least new lows, and resists on 1,04 dollars. The Ibex, a 2% deleting all the fall of the year, are striving to preserve 9.300 points conquered yesterday. Iberdrola today exercises of brake.

The last quad time witch of the year is produced in full reorganization of portfolios of face already the next exercise. The last few weeks have revived investor optimism in the equities, and have brought expectations of a year-end rally. In the day of today, investors are prepared for the increased volatility and activity that often result in the expiration of quarterly futures and options on indices and shares.

These settings of portfolios with a view to 2017 discounted yesterday a path much more aggressive hikes in interest rates in the US . The new upward cycle of rates the Fed has reduced to a minimum the mattress that keeps the euro on the dollar. The currency community is deflated up to 1,036 usd , its at a lower altitude since 2003. In the session today, the euro to avoid further drops, and resists at 1.04 dollars . A key piece of information will be the CPI of the eurozone which will be published to the 11 Spanish time. If you meet the previous estimates, annual inflation will reach 0.6%, far even of the objective close to 2% of the ECB.

Without losing sight of the evolution of the currencies, the european stock Exchanges recorded a few changes, with mild attempts bassists. The German Dax and the Cac French attempt to resist in the area of annual maxima. The Ftse british fell yesterday to less than a point to recover the level of 7,000, and the Mib Italian has available to it the barrier of 19,000 points. The Milan Stock exchange has accelerated this week his comeback, thanks to the turmoil in Mediaset and the rises in the bank. According to Reuters, the Italian Government last injection of up to 15,000 million euros at Monte dei Paschi and other banks in distress. At the corporate level again stress the movements in Actelion. Bloomberg moves forward to the next offer from Sanofi for the group of biotechnology, swiss.

The Spanish Stock market slows down its target to clear all of the drops accumulated on the year. The climbs achieved yesterday left the Ftse only 2% below the levels that shut down 2015. The break in the session today could keep the selective index Spanish 9.300 points, with a significant margin to close the week in positive with respect to the 9.169 points that ended last Friday.

banks looking to consolidate at least the progress with the who reacted to the new uploads of types prepared by the Federal Reserve. Bankia, fired a 6% in the session yesterday, trying to gain a foothold above the level of a euro per share. In the case of Santander the latest revaluations have been allowed to reach the threshold of 5 euros per share. The thrust of the banking contrasted yesterday with the brake of the electric, behind the new uploads of types. At the close Unicaja agreed to the sale of 0.51% of Iberdrola, for € 192 million . The actions of the electrical fit today at a discount of 2% applied in this disinvestment, carried out at 5,88 euros per share.

energy companies do not receive large developments in the oil market . The barrel of Brent is frozen to the edge of the 54 dollars, while the barrel-type West Texas, reference in the USA, remains close to the $ 51. The analysts of Goldman Sachs forecast a price of a barrel of Brent during the second half of 2017 between 55 and 60 dollars. The day granted a respite to the gold price , near to 1130 per ounce.

Next expansion.

SPAIN: The Ibex 35 is facing the quadruple time witch at maximum

With Information Expansión

http://entornointeligente.com/articulo/9397599/ESPANA-El-Ibex-35-afronta-la-cuadruple-hora-bruja-en-maximos

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