The main European futures indices quote what advances a new market opening in negative. The Variable Income Market maintains concern about the tariff plans of the president of the United States, Donald Trump, and the measures that can restrict world economic growth, in addition to hindering world economic growth.
In this way, the European stock market would follow the wake of the Asian indices which quoted in Tuesday’s session with falls greater than 1% in both the Japan Stock Exchange and among the main selective of China. “The continuous introduction of new rates introduces unnecessary volatility in the markets, commented the head of portfolio in Asset Management range, Mello Rajeev, who also points out how the Western multinationals will see affected if the United States alters its world leadership.
The IBEX 35 is the best example of European index that finds certain resistances to continue rising. This is entirely logical from the point of view of the technical analysis, after accumulating several upward sessions and A 13.5% rise from the beginning of January. For the technical advisor of EcoTrader, Joan Cabrero, the selling pressure made an appearance and reflects how the candle -shaped candle line loses the minimum of last week at 12,895 points.
“That this may happen is something that nobody should surprise, since the rhythm of the rising bullish of recent weeks is very complicated to support,” says Ecotrader’s advisor. The IBEX 35 can now lose those 12,895 points that would confirm as the Spanish selective confirmed a temporary roof at 13,156 points. So, lose the 13,000 points It would serve to consolidate part of the last climb and serve to relieve the last signs of overcompra.
“Operatively, I still think that if you want now support, around 12.350/12,400 points“, says Cabrero in reference to Ibex 35. However, this is something that applies to the entire European stock market.
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