The Ibex 35 closes practically flat and continues to wait for the US CPI and the ECB

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The Ibex 35 and closes with moderate movements and without making a move in the weekly premiere (Ibex: -0.04%, 10,911) waiting for the two big events of the week: the US inflation data, which is published on Wednesday, and the ECB's rate decision (on Thursday). Within the Ibex, the values ​​that rose the most are Grifols (+4.3%) and banks. No titles have fallen significantly. The rest of Europe said goodbye to Monday with moderate increases.


This week investors will focus their attention on the European Central Bank (ECB). The market expects rate cuts to begin from Junesomething that could already be made more or less clear at this Thursday's meeting, although Lagarde could try to cool things down a bit after what was seen last week on the other side of the Atlantic.
And the Ibex closed on Friday with accumulated cuts of 1.4% after statements by members of the Federal Reserve (Fed), including Jerome Powell, cooling the chances of rate cuts in the summer, something that affected all indices during the past week. Furthermore, the surprisingly strong U.S. economy has led US Treasury yields at highest level since late November, as investors reduce their rate cut bets. The US employment report, released on Friday, added 303,000 jobs in March when the consensus expected 200,000 new payrolls. The unemployment rate fell to 3.8% from 3.9% previously. In the weekly calculation, the New York indices They also recorded a week of losses, led by the Dow Jones, which fell 2.27% in its worst week of the year, while the S&P 500 and the Nasdaq fell 0.95% and 0.80%, respectively. In this context, investors are now also very aware of the key macro data of the week, the US CPI for March, which is published on Wednesday. Together with him, that same day they will meet the minutes of the last meeting of the Federal Reserve.
In addition, on Thursday the China CPI for March and on Friday, the inflation data from different European countries of that same month, including Spain. Likewise, the results season begins on Friday on the other side of the Atlantic, with the first quarter accounts of JP Morgan, Citigroup and BlackRock.
Today, Monday, the agenda comes with few references. Highlights the Germany industrial production for February.


Naturgy began the session as the worst stock on the Ibex, but is now trading calmly. According to 'Bloomberg', would have suspended the possible sale of Australian renewable assets of its Global Power Generation unit after what The first offers did not meet valuation expectations. Naturgy sought to raise $2.6 billion. Furthermore, 'El Confidencial' publishes that the National Securities Market Commission (CNMV) would have sent a letter to the company to recommend that it take measures to increase its stock market liquidity, due to its low 'free float' (13%). Among the measures that the supervisory body has recommended are the issuance of new shares through a capital increase or the sale of old securities held by the four largest current shareholders. Today it's news too Puigsince this morning he communicated its intention to go public through a public offering (IPO) of its class B shares aimed at qualified investors. The company intends to request admission to trading of the shares on the Barcelona, ​​Madrid, Bilbao and Valencia Stock Exchanges.


The Ibex continues to decline this Monday after losing 1.58% on Friday, leaving a bearish gap and also abandoning the short-term support that it presents at 10,953 points.
For the next few days, BitcoinDynamic experts indicate that the most normal thing is that Let's see how it ends up covering the bullish gap that was left, on March 21, at 10,752 points.
“You have to be very aware of their behavior at this price level. If it ends up losing it, it is most likely that we will end up seeing it cover the bullish gap from March 13 at 10,388 points. We will remain cautious as long as the bearish gap left on Friday at 11,090 points remains alive.”


Last week's falls in the stock markets were also motivated by the oil strength, with Brent crude climbing above $91 amid rising geopolitical tension. Oil falls this Monday. Brent is trading at $90.36 (-0.9%) and West Texas is trading at $86.19 (-0.9%). Gold remains strong and marks new all-time highs above $2,350 per ounce ($2,358, +0.54%). Silver adds 1.12% and is already around $28 ($27.80). The euro is exchanged at 1.0826 dollars (-0.08%). Bitcoin resumes its rise and exceeds $70,000 ($72,207). Ethereum is trading at $3,622. The yield on the 10-year American bond rises to 4.456%.