The selective Spanish ended the week with progress in the optimism generated by the advances in trade negotiations and Brexit. Donald Trump again used his personal Twitter account to inform investors about the evolution of trade negotiations. Although no agreement has yet been announced, in Trump's words the meeting is going "very, very well." This situation has generated a response from investors that should be reciprocated during the next sessions.
The European Union and the United Kingdom have pledged to negotiate new terms that avoid the possibility of leaving without agreement. The meeting between Boris Johnson and Leo Varadkar, president of Ireland, seems to have been the trigger for this change in positions. The companies with the greatest exposure to the United Kingdom, such as IAG, Sabadell and Santander, have celebrated this news with the highest increases in the session.
While the companies most affected by commercial tensions such as Arcelor, Ence, Acerinox and CIE have also had significant increases due to the possibility of a partial agreement between the US and China. Indra extends the increases harvested yesterday after winning two new projects and receiving an improvement recommendation from an investment bank. The Ibex 35 recovered the 9,200 points, and during the next sessions will face the resistance of 9,350 points, which has not exceeded since last July.
. (tagsToTranslate) joaquín robles