The Ibex-35 closes flat over 9,200 points

The Ibex-35 closes flat over 9,200 points

The selective Spanish does not react to the good news about the trade war between the US and China

  This morning, the CSI 300 has shot up by almost 6%. This, after President Donald Trump announced the delay in the increase in tariffs scheduled for March 1 on Chinese imports. This happened on Sunday night and was understood as a sign that important advances are taking place in the negotiations between the two superpowers. Early in the afternoon of Monday, Spanish time, the US president suggested the possibility that he could sign a new trade agreement with his Chinese counterpart, Xi Jinping, at a forthcoming summit.

  It seems that China and the United States could reach an agreement seven months after the US Administration established the first tariffs on Chinese imports and thereby start hostilities between the two powers. Anyway, given that President Trump is going to hold another meeting with the North Korean leader, Kim Jong-Un, this week, a diplomatic effort in which China also plays a fundamental role, the risk of reversing the commercial issue will be maintains. The risk of disappointment remains high. And, in fact, President Trump said that the summit he anticipates to sign an agreement with China "may not take place."

In any case, after the strong rise of the Chinese Stock Exchange, we also had advances in the rest of the world indexes. Although it is possible that the behavior of the Ibex-35 was a bit disappointing. The selective Spanish started strong, at 9,260 points, but did not last long there and was most of the session slightly above the 9,200 points. At the end of the day, it stood at 9,204.30 points, which means a practically flat close compared to the close of Friday.

With this behavior, the selective Spanish was the worst of the day in the Old Continent, along with the PSI-20 of Lisbon and the British Ftse 100, which ended also practically flat. The French Cac 40, meanwhile, scored 0.31%, while the German Dax gained 0.42%. The best was the Ftse Mib in Milan, which added 0.86%.

The best and the worst
The most profitable value of the Ibex-35 was Cie Automotive, which scored 3.52%. Then Santander was placed, which added 1.49%. ArcelorMittal, Bankia and Acciona also earned more than one percentage point. Among the values ​​on the rise, more banks: Bankinter was revalued 0.70%, while CaixaBank and BBVA scored just over half a percentage point, and Sabadell gained 0.17%.

In red, Cellnex was the value that fell the most, with a decrease of 1.67%. Indra, Ferrovial and Iberdrola fell more than one percentage point. In the General Index of the Madrid Stock Exchange, Audax was the most profitable value of the day, with an increase of 8.05%. In red, the worst was Vertice, with a decrease of 9.37%.

In the Eurostoxx 50, with the good symptoms that the commercial issue launches, the automobile companies breathed. Thus, Volkswagen was the most profitable value (next to Adidas), with gains of 3.04%, while Daimler scored 2.38%.

The European financial sector was also profitable, like the Spanish, in today's session, and, among the ten highest values ​​of the pan-European index we could find Société Générale, BNP Paribas, Intesa SanPaolo and ING (in addition to Santander ).

On Wall Street, advances
On Wall Street, green numbers dominated. The Nasdaq was down almost one percentage point, while the S & P 500 and the Dow Jones advanced around 0.75%.

In the debt market, bond yields rose, perhaps due to the improved mood of investors. The interest of the American ten-year bonds went from 2.65% to 2.68% and that of its American buyers recovered again the level of 0.10%.

Meanwhile, in the periphery, the opposite movement, before the reduction of risk aversion: the interest of the Italian ten-year bond fell from 2.84% to 2.76%; while that of the Spanish fell from 1.17% to 1.15%. With this, risk premiums narrowed: the Italian, from 275 to 265 basis points; the Spanish, from 107 to 105 basis points. In the currency market, the euro gained positions against the dollar. The community currency appreciated at the close to levels of $ 1,135.

Meanwhile, in the commodities market, falls for crude oil. The barrel of Brent, of reference in Europe, fell almost 3%, to 65.11 dollars; the barrel of West Texas, of reference in the United States, was down 2.90%, up to 55.60 dollars. This, after a new attack by Donald Trump on OPEC: the US president warned the cartel that the global economy is too fragile to withstand a price increase. Before today's correction, the barrel of Brent accumulated a rise of almost 30% so far this year. The barrel of West Texas, around 25%. Gold, on the other hand, was left at the close of 0.15%, up to $ 1,327.