- At 08:46, Ibex 35 futures fell 0.26% to 8,508 points.
- IAG digs into €1.50
- Fluidra refunds €15
It Federal Reserve Minutes (Fed) led to a positive close on Wall Street (S&P 500:+0.75%; Dow Jones+0.40% and Nasdaq 100:+0.48%) where some members remain focused on controlling inflation in the US territory, although they may be less aggressive in raising interest rates. This Friday’s employment data will be key.
in asia Major stock exchanges traded higher today Thursdayignoring the problems that China continues to have with the outbreak of COVID19, which implies a further slowdown in the economic growth of the Asian giant.
on the old continent, variable income continues the partyMajor European markets rose more than 1.5% yesterday. This is due to some “improvement” in macroeconomic data, especially with inflation, which gives a certain “breathing”; despite remaining dominant. Tomorrow, Friday, we will look at the CPI in the Eurozone.
It The oil market continues to decline, losing more than 8% through this year 2023 due to investor doubts as demand for the Asian giant remains a mystery due to the problem of infections. So, the barrel Brent: down to $78.50 today, and west texas (WTI) lost 75 dollars.
In currencyis dollar index trying to hold on to 104 points after losing more than 5% since last November. It EUR/USD trading around $1.06 after starting the week with some doubts, while USD/JPY: returns to the path of 132 yen to the dollar.
in spain IBEX 35: (+1.93%) broke last November’s highs yesterday (8460 points), to extend the gains to 8560 points, thus piercing the August 2022 resistance, accumulating this 2023 gain of more than 3%.
now The challenge for the Spanish stock market will be to maintain 8,500 pointsIn order to extend the increases of last year’s June level by 8705 points, otherwise we cannot rule out a regression to 8460 points.
It banking sector closed yesterday with strong gains and continues steadily this 2023 with gains above 3% BBVA Y: Santander Bank:whose titles were able to hit important resistances such as €6 and €2.90 respectively, so we will see if they manage to consolidate those levels.
One sector that is off to a good start in 2023 is tourism IAG: (+3.69%) and Aena
(+2.77%) reaping new promotions. It holding company Airfare breached €1.50 with a short-term objective to recover to €1.60, a level of importance. In the case of the airport manager, it seeks a refund of 125 euros for the ticket.
Inditex (+2.96%) exceeded 26.13 euros yesterday, which means breaking the highs of last August. The key for the textile giant now will be consolidation and further extension to €27.
liquid (+4.54%) managed to break 15 euros in yesterday’s sessionlooking for an “escape” from the sideways range of the last two months, so we will see if it breaks above €16.20.
Finally, today we will have relevant macroeconomic data, among which we highlight:
- 10:30 -> UK Composite and Services PMI (December)
- 14:15 -> Change of non-agricultural employment ADP (December)
- 14:30 -> New unemployment benefit applications
- 17:00 -> IEA crude oil stocks
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How to take advantage of the opportunities in this market? Operational example:
To illustrate how to work with an example, we are going to use the Ibex 35. At IG we could trade this market with CFDs, barriers, vanilla options and Turbo24. For the example, we are going to choose the last one, because it is a product listed on the 24-hour market, which allows us to adjust the leverage of our activity and cover the market gaps at the lowest price of Turbo24 (equivalent to 0.01 EUR per unit).
In case the first scenario is confirmed, and it isdecided to enter bullish, we would buy 100 long Turbo24 (1 euro per point). Let’s imagine that Ibex 35 is sold, for example, at 8560 points. We could set the exit level or knockout (guaranteed stop) 100 points below the entry price. If the price of a Turbo24 at that time is 1313 EUR, the required warranty (compensation) will be 131.3 EUR (100 Turbo24 x 1313 EUR per Turbo24). It The leverage of this operation will be 65.19 times (8560 / 131.3 EUR = 65.19 times). In addition, it has the advantage that if there are volatility spikes at the market close that would cause us to be knocked out, the trade is not closed. This implies that if the cash market opens in favor of our direction, we will continue inside and can continue to take profits. If, on the other hand, when the market opens, it does so at a price equal to or higher than our knockout price, we are guaranteed a maximum loss of that amount originally invested, so we are covered against growing market gaps.
In case the second scenario is confirmed and decided to go in as a bass player, we would buy 100 short Turbo24 at a price of 8460 units of Ibex 35. We can set the knockout level, for example, 100 units above entry, the price of a Turbo24 is 1548 euros, the required guarantee (compensation) will be 154.8 euros (100 Turbo24 x 1548 euros for each Turbo24). It The leverage of this operation will be 54.65 times (€8,460 / €154.8 = 54.65 times), retaining all the previously explained benefits and protection against negative balance in the event of bear market gaps.