- At 08:41 hours, Ibex 35 futures fell 0.07% to 10,206 points
- Grifols closed the gap in February
- Meliá recovered 6 euros
Last week’s close was conditioned by US employment data, which continued to show strength by creating 199,000 new jobs in November when estimates mentioned 185,000 positions and an unemployment rate that fell from 3.9% to 3.7%.
Wall Street It closed on Friday with new gains, after the break taken in some sessions last week, but did not lose important levels. The S&P 500 was able to break 4600 points and set new highs for the year, while the Nasdaq 100 returned to 16,000 points.
In Europe, the Dak 40 and the Euro Stoxx 50 have made new annual highs, breaking 16,700 points and 4,500 points respectively, so we can see the ability of demand to maintain current levels.
In the bond market, bond yields rose this morning, trying to regain an important support level. Now he is US02Y sold at + 4.742% and US10Y traded at +4.251% after losing +4.30%. We have the same situation in Europe, which has German Bund recovery + 2,26% and Spanish for 10 years fell by + 3.296%.
Loss oil price They rebounded this morning after pressure in recent days when both barrels left relevant support such as $80 in the case of Brent or 70 dollars of West Texas (WTI). We will wait until both references approach the latest minimum maximum.
In Spain, the Ibex 35 closed above 10,220 points, almost trading at year highs and now looking to consolidate at the highs of February 2020. However, We will continue to wait to see the demand capacity to maintain this level due to the vertical rise brought by the Spanish stock market, with the most interesting support being the barrier of 10,100 points, the minimum of last week.
(+9,44%) It is one of the best index values in Spain, which broke the barrier of 14 euros and managed to close the bearish gap in February (14.20 euros). Today, despite a downward trend, we can see if the value prompts a settlement above 14.50 euros, without stopping at the support of 13.80 euros.
Meliá Hotels (+7%) returned to the level of 6 euros, after a correction in September that took the stock to the support of 5.20 euros, a demand area that pushed the hotel company to 5.80 euros and consolidation of the short-term bearish trend. Next resistance: 6.40 euros.
Sabadell Bank (-8.57%) fell in the zone of the maximum of the year and lost the reference of 1.35 euros, with a significant failure last week, in a way, with a certain fatigue of overbought due to nothing greater than demand is high in the year.
Bankinter (-5.18%) also fell at the weekly close, briefly losing 6 euros in the previous session on Friday, thus returning to the lateral range of the previous months.
Finally, I do not rule out that the market has begun to interpret that the situation in the banking sector is tired if the central banks decide not to raise interest rates, or that they speculate that there will be a possible cut in 2024.
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How to take advantage of the opportunities in this market? Example of operation.
To illustrate how to operate the example, we will use the Ibex 35. At IG, we can operate in this market with CFDs, barriers, vanilla options, Turbo24, and Multis. We will choose the latter for example, because it is a product listed on a regulated exchange, which allows us to adjust the leverage of our operations, with the risk limited to the initial deposit and with unlimited profit.
Supposed to be taken a high position in Ibex 35, with an initial deposit of €1000. If we choose Multi in x5, it means that you will generate a profit or loss equivalent to a deposit of 5000 euros in the index. Before the end of the trading day, the Ibex 35 increased by 3% compared to the closing price of the previous day, so the daily performance of your Multi amounts to 3% of 5000 euros. At that moment, you exit the operation, so the profit is 150 euros.
Let us now assume that, on the contrary, you bought Multi corto x5, with the market moving against you, so that the daily performance of your Multi will be -3%. Upon exiting the operation, you will suffer a loss of -150 euros.