The Ibex has resumed activity this Friday, December 27with little strength, as corresponds to the Christmas period in which we find ourselves (+0.50%, 11,531.6 points). This, after trading normally on Monday, when it lost 0.28%; open only half a session on December 24 (up 0.33%); and close on December 25 and 26. These figures leave the weekly calculation in an increase of 0.56%. The Spanish selective rises more than 13% in 2024 two days until the end of this favorable year for the stock markets. Next Monday it will operate normally, while on December 31 it will close at 2:00 p.m. On January 1, all world stock exchanges close to celebrate the new year. Within the Ibex they have stood out the increases in Indra and Santander and the falls in Acciona Energía and Acciona. In the Continuous, the session has been marked by strong increases in OHLA (16.93%) as it advances its recapitalization plan and after winning an appeal in Qatar.
ASIAN DATA
In Asia the increases were imposed this morning, especially notable in the Nikkei, which revalued by 1.8% and regained 40,000 points (40,281 points). There, investors learned about the November inflation figures from Japan's capital, Tokyo, which showed a general inflation rate of 3%compared to 2.6% in October. Core inflation, which excludes fresh food costs, rose to 2.4%falling short of consensus expectations of a 2.5% increase. Tokyo's inflation figures are considered a leading indicator of nationwide trends. Besides, The Government of Japan has approved a historic budget of 732 billion dollars for the fiscal year that begins in April, while restricting new bond issuance to its lowest level in 17 years, according to 'Reuters'. The approved budget is 2.6% higher than the current year's budget.
Besides, Japan's unemployment rate for the month of November was 2.5%in line with consensus estimates and unchanged from October. In China, the data on industrial profits has been known, which extended their decline for the fourth consecutive month, falling 7.3% in November compared to the same month a year earlier, indicating that Beijing's stimulus measures have yet to significantly stem the decline in corporate profits. Apart from the Asian data, there were few references of interest on the agenda this Friday. In Spain they have been published November retail sales.
It should be noted that the weekly unemployment claims that were presented yesterday in the US fell more than expected. They stood at 219,000 compared to the 224,000 expected by consensus.
«EXTREME PRUDENCE» WITH THE IBEX
The Ibex shows signs of weakness again this Friday. The selective maintains the bearish gap of last week in force, which is a reminder of the current presence of sales.
«Be careful that a closing below 11,295 points would make us think of a complication in its technical prospects for the beginning of 2025,» warns César Nuez, an analyst at BitcoinDynamic, who points out that we will not see a sign of strength as long as it remains trading below 11,617 points. «In the short term , we should exercise extreme caution with the Spanish selective«.
OTHER MARKETS
The euro stood at 1.0427 dollars (+0.04%). Oil is up 1%, with Brent at $73.96 and WTI at $70.39. Gold has fallen (-0.85%, $2,631), as has silver (-1.33%, $29.98). Bitcoin has fallen to around $95,000 ($94,511). Ethereum has settled at $3,319. The yield on the 10-year American bond has risen to 4.591%.