The Ibex 35 closes flat and looks with concern at the growing geopolitical tension

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The Ibex 35 closes flat (Ibex: +0.01%, 10,687) and the rest of European indices with mixed sign after the increase in geopolitical tension. The American indices have had a favorable start to the week despite the Iran's attack on Israel over the weekend. He The price of crude oil, for its part, far from tightening upwards, fell by around 1.4%, with Brent at $89.2. The Iranian mission to the United Nations has stated that The problem with Israel «can be considered concluded» after its attack, with more than 300 drones, over the weekend, reducing for now the risks of a broader conflict. «Iran fired more than 300 drones and missiles at Israel on Saturday night, but only a small number reached Israel, limiting damage. There were no fatalities, only a military base was slightly damaged. The good news is that Tehran called the operation a success and declared that it will not take further action unless Israel responds.«says Ipek Ozkardeskaya, senior analyst at Swissquote Bank. Iran's attack on Israel is the response to the Israeli attack on the Iranian embassy in Damascus. There was much fear about Iran's expected response. Tev Aviv, for his part, has expressed his satisfaction with the interception of the vast majority of the drones launched by Tehran, and says that he is considering responding «at the right time.» President Biden declared on Saturday that The United States intervened directly to help Israel shoot down almost all of the incoming projectiles.
The rest of the assets do not react in a striking way to what happened either. He Gold, refuge par excellence, is trading with slight falls and remains at the highs set last week ($2,365). The euro, for its part, fell slightly (-0.03%), to 1.0638 dollars. He Bitcoin is perhaps the one that moves most strikingly: it rises to levels of $64,000, in its case impacted by being the week in which the expected 'halving' takes place., although far from the resistance of $71,000. Regarding the behavior of the Asian stock markets this morning, The red numbers have prevailed, while Shanghai has stood out with large increases of more than 1%.
This Monday's agenda includes the publication of the February industrial production in the eurozone (up 0.8%) and March retail sales in the US (slow down to 0.7% from 0.9% previously). In addition, the International Monetary Fund (IMF) and the World Bank (WB) begin their spring meetings, in which Global economic outlook for this year will be revised upwards, thanks to the robust activity of the United States and several emerging economies. The Bank of Spain, for its part, ha published its semiannual financial stability report, the risks of the Spanish financial system, the profitability and solvency of the entities. In the business field, Goldman Sachs results were announced todaywhich has earned more than expected thanks to investment banking, after the accounts of JP Morgan, Citi and Wells Fargo. Wall Street closed with notable losses on Friday (Dow Jones: -1.24%; S&P500: -1.46%; Nasdaq: -1.62%). In the weekly calculation, The New York indices recorded a week of losses, led by the Dow Jones' falls of 2.37%, while the S&P500 and the Nasdaq lost 1.55% and 0.45%., respectively. Remember that last week was marked by Cooling prospects for rate cuts across the Atlantic following spike in inflation, a topic that will continue to be very present among investors. Finally, it should be noted that, throughout the week, many relevant results are published, such as those of Bank of America, Morgan Stanley or Netflix. In Spain, the season begins with the accounts of Bankinter Thursday.


The Ibex rose a slight 0.34% on Friday and It ended in the weekly accumulated with cuts of 2.1%.
«The Spanish selective maintains the correction of recent weeks. Once the support of 10,752 points is lost, the most normal thing is that we can see an extension of the falls to the next support level presented in the 10,388 points«writes César Nuez, BitcoinDynamic analyst and head of Trader Watch. Nuez adds that, In the medium and long term, its trend is clearly upward. «At the moment we do not see any sign of strength that would make us think about the end of the short-term declines. In the medium and long term, the most normal thing is that we can see an extension of the increases. The good levels of accumulation reinforce its trend main bullish». Within the index they now stand out the increases in banks and Inditex and the falls in renewables (Acciona, Acciona Energía, Solaria…) and Ferrovial. In the Continuum, Amper rises after being awarded an Airbus contract.