The IBEX 35 revalidates the maximums of the hand of Telefónica and Inditex
Transition day waiting to know the new macroeconomic references that help investors prolong the bullish current.After signing its fifth consecutive week up and despite the undict.Although the profits have been moderate (0.11%), the Spanish selective has managed to mark new maximums of 15 months with the help of Telefónica and Inditex, two of the great values of the Spanish Stock Exchange.Conquered 9.100 points, experts believe that the Spanish Stock Exchange challenge is now going to recover early levels, something that most of their European counterparts have achieved.
This Monday the rest of European indices except for IBEX and Mib Italinao (0.39%) concluded the negative day.The German Dax left 0.13%;The fratern cac, 0.28% and the British FTSE, 0.15%.The Italian MIB concluded positive (0.39%).The same happened in the United States.The three main indices punctured. El S&P 500 retrocedió un 0,25%, el Dow Jones un 0,16% y el Nasdaq perdió un 0,38%
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Telefónica led the earnings of Ibex 35 by adding 3.47%, increases that occur after the operator has presented the accounts of the first quarter and has put on sale its logistics subsidiary Zeleris.IG analyst Sergio Álvila points out that the Spanish company continues with its divestment plan."Pallete wants to reduce the company's debt, which is very high and is its main battle horse, a factor that has penalized the price of the company," he says.And he maintains that Telefónica's titles have "a bullish technical objective activated with minimal theoretical at 4.28 euros per second bullish impulse.I was costing him a lot to exceed 4 euros, but he is less and less to meet the goal ".
The second position of the ranking on the first day of the week has been for Fluidra, which adds 2.67%, followed by Inditex, which earns 2.12% ascent that allows it to recover the 100.000 million stock market.On the side of the falls, the worst part is taken by Banco Sabadell (-3.67%), followed by the tourist quotes.IAG lost to -3%;Amadeus, 1.45%;Meliá, 2.27% and Aena, 2.24%.
In the debt market, the profitability of the Spanish bonus to ten years rises to 0.6% maximum of June 2020.In general, the interests of European public debt rise.The German 10 -year bonus rises to -0,115% from -0.129%, a behavior that is repeated in the US where the debt with expiration in 2031 rises to 1.63% from 1,628%.
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Asia registered a mixed results session.Today Chinese retail sales have been known that, despite increasing 17.7% in April compared to the same month of the previous year, they have been below the forecasts of experts waiting for a 24% rise.On the other hand, industrial production did adjust to expectations with an increase of 9.8%."Industrial activity remains robust, supported by the strong external demand for Chinese products, as vaccination accelerates in developed countries," an economist explains to Reuters.
"We hope that in the next few days, the bags will be stabilized and that it is the expectations of a prompt reopening of the economies that again determine the investment decisions in the markets," explains Juan José Fernández Figares, director of analysis of Link Securities.
The expert adds that he also expects the macro figures to be published both in Europe and the US, to a large extent because of the effect of the comparison base, continue to show strong growth, growths that will go more as the process progressesof vaccination in the main economies developed and that the different governments are withdrawing the restrictions on the mobility of citizens and economic activity.
This week, macroeconomic data will be at the point of sight of investors, although they are less important than those known last week.Thus, in the US, after surprising the rebound of inflation in April to 4.2% year -on -year (compared to the previous 2.6% year -on -year and a 3.6% year -on -year estimated), the focus of attention will be placed inthe publication of the PMIS Preliminaries of May and in the minutes of the FED meeting on April 28.The moment in which the Fed decides to withdraw its stimuli is one of the market concerns.
As for Europe, the PMIS will also be known.But the most relevant will be known tomorrow Tuesday when Eurostat releases the data of the second reading of GDP at the first quarter of the European monetary zone, which was negatively conditioned by the hardening of the mobility restriction measures to stop the newCovid-19 wave.Specifically, as the first estimate of April 30 showed, the consensus of analysts projects a contraction of a quarterly 0.6% in the first three months of this year (compared to a quarter of 0.7% quarterly inthe fourth quarter of 2020) and of 1.8% year -on -year (compared to a cut of 4.9% year -on -year of the fourth quarter of 2020).
In the raw material market, Brent oil is practically flat at $ 68.7 a barrel.In the currencies, the euro rises 0.2% against the dollar to 1,2165 'green tickets'.
