Waiting for the decision made by Christine Lagarde today about the interest rates in the eurozone, the IBEX 35 is getting this week unmark the movements of most of the main European indices and Americans, erecting themselves as an undisputed leader of western bags for the bulls.
The Spanish selective is revalued near a 2.5% from Mondaysurpassing Eurostoxx 50 and the German Dax and unchecking the losses that accumulate in the same period of time indices such as the CAC or the Wall Street bags.
This movement has allowed it to pierce the resistance that stopped the increases last year in the 12,000/12,155 points. And, to confirm this trend on Friday afternoon, I would sign a great week from the technical point of view. “In fact, the door would open for the next weeks to look for goals in the 13,000 integers“, explains Joan Cabrero, technical analyst and strategist of ECOTRADERwho explains that “this objective arises from projecting the amplitude of the lateral range that has developed between the key support of the 11,300 points and the resistance of 12,155 points“
The hypothesis of confirming this good time per technician for the index to weekly closure, seems more than plausible if you take into account that the IBEX 35 is traded more than 1% above the 12,155 points. And, the IBEX 35 has conquered levels prior to the outbreak of the financial crisis of 2008, before the bankruptcy of Lehman Brothers. Levels that had not played since June 2008.
Of course, we must not forget that there is still an end of the week full of catalysts.
“In the euro zone, in addition to the estimation of GDP, the business confidence indicators of the European Commission will give us clues about whether there has been any improvement in the weakness observed at the end of 2024. They will also be published Data on money supplywhich should reflect a slight improvement, as the ECB -type cuts begin to gradually influence loan concession decisions, “says Shepley, a senior economist of Allianz Global Investors.
Europe does not remove eye at 4,130
Europe’s bags, meanwhile continue with their bullish path, but with less exuberance than the one shown by the Spanish index this week. In fact, Eurostoxx is just 4% of its historical maximums: 5,464 points, Unlike the Spanish reference that is still 30% of recovering their maximums in history, the 15,945 points.
“The Eurostoxx 50 achieved at the beginning of this 2025 to break the roof of the consolidation process that developed during the last nine months. Its rupture was a clear sign of strength that opened the door to the search for objectives that I valued months ago in the historical maximums (without effect discounted dividends) that Eurostoxx 50 marked the year 2000 around 5,522 points. Therefore, a turning back to 5,000-5,050 points would see it as a purchase opportunity driving a Stop In the 4,800 points, which are the minimum of December, “explains Cabrero.
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