The Ibex lags behind the rebounds of more than 3% in Europe and Wall Street

and the new rise in interest rates by 0.75 percentage points, Wall Street rebounded more than 3% in the week and Europe joined the rebound. Against them, the Ibex, which until now had been registering one of the best behaviors, lagged behind in the last five days with an advance of 1.3%.

Friday’s session was not only the usual weekly close, but, as far as stock market sessions are concerned, . Finally, this month’s balance closed with the Ibex barely saving the positive ground. Despite this, the national registered the worst behavior of the continent’s indices in the month and Europe surpassed it by seven percentage points. On a technical level, so that he can show his true strength, d, from which he is 1% away after finishing on Friday at 8,156 points. “The next and definitive step would be to break the resistance of 8,400 points, where weeks ago the Ibex 35 opened a downward gap that already acted as a brake on a previous rebound,” says the expert.

With a rise of 8.9% in the last 30 days, the French Cac presented the best result in this seventh month, followed by gains of just over 7% and overcoming its first marked resistance at 3,600 points, a share which, according to Cabrero “invites us to be optimistic in order to trust in a possible sustainable rebound beyond the short term”.

Wall Street tops ‘the green’ for July

Across the pond, the monthly increases were notorious. The Nasdaq 100, which accumulates losses of 21% in the year and remains in a bear market for another month, appreciated around 12% with mid-session data, which constituted the largest intercontinental gain of the main indices. The S&P 500, for its part, also scored a good point, with increases of around 8% and is already reducing its annual fall to 14%.

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: “The upward break of the descending wedge invites us to focus on US equities in search of opportunities to take advantage of this foreseeable rebound, which could continue to take shape as long as the Nasdaq 100 does not lose supports that can already be placed in the 12,000 integers”, indicates Joan Cabrero.

and that have once again brought the matter closer to record highs boosted the Spanish energy sector and four companies were among the most bullish of the week. Acciona and its subsidiary, Acciona Energia, led the 35 since Monday, with gains of 8.6% and 8.3% respectively. Somewhat further away, Redeia and Iberdrola rose around 5% and 4% respectively since Monday.

Another of the protagonists this week, in this case on the wrong side of the coin, was that of the pharmaceutical sector. The falls of , Rovi and Grifols constituted the three most bearish in the last five days and lost 16.78%, 14.64% and 13.48%, respectively. This last value, moreover, was the most bearish in all of July, depreciating in 30 days to 21.15% and is now at 2013 levels. In this month, the pharmaceutical sector was followed by declines in the banking sector, with Bankinter, Banco Sabadell and Santander also among the most affected firms.

In fixed income, this week the American bond, with a return of 2.6% at mid-session, managed to fall by 3% and was placed at the levels of the end of April. A similar event occurred with the German bond, which abandoned the 1% level, settling at 0.81% yield. The Spanish bond experienced the biggest decline of the week, with a reduction of up to 30 points since Monday and a return of 1.92%. The risk premium, in turn, fell 10 points since Monday and stood at 110 points.

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Oil has revalued over 7% since Monday, with mid-session data and was placed back at 110 dollars a barrel and at the levels of the end of June. The euro, for its part, remained stable at 1.02 dollars.

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