- At 08:45, Ibex 35 futures rose 0.21% to 8,396 points.
- Repsol loses €15
- Bankinter breaks 2022 highs
Activity returned to markets yesterday after the New Year holiday Wall Street closes lower on first day of 2023 trading (S&P 500:-0.40%; Dow Jones-0.03% and Nasdaq 100:-0.70%). Today we will have the release of the Federal Reserve System (Fed) minutes.
in asia The outbreak of COVID-19 in China remains a concernalthough for now the shares of the Asian giant are not “wobblers”.
It Tokyo Stock Exchange (-1.45%) closed after the holidays with damagebut also because of the words of Bank of Japan (BoJ) Governor Kuroda, who remains steadfast in his expansive monetary policy with a 2% inflation target.
in europe Inflation was falling in Germany (8.6% against the estimated 9.0% and previously 10%), and the European stock markets “celebrated” this autumn, closing with gains. However, inflation remains high.
It oil market It fell sharply yesterday amid investor fears of lower demand in China as the coronavirus situation could slow the economy. Therefore, the barrel Brent: fell to 81 dollars and west texas (WTI) flirted with $75.
With fixed income, Current bond yields are falling todayThe yield on the 10-year US bond was trading at 3.716%, while the German Bund fell to 2.355% and the Spanish 10-year bond was around 3.43%.
in spain IBEX 35: (+0.33%) continued steadily to last December’s highs (8,460 points), partly due to the positive contagion effect with which European stocks started. The Spanish stock market’s targets remain intact, expanding to 8,535 points if it breaks above the highs, or possible cuts to 8,300 points.
It banking sector continues at a steady pace this 2023 with advances above 3% CaixaBank:whose titles were able to be pierced November 2018 highs and they are trading above €3.80 with €4 within reach.
Likewise we had banker
(+2.06%), breaking the 2022 highs and now setting the next target at €6.80.
grifolls (+2.90%) continue your returntrying to establish itself at the level of 11 euros, aiming to look for short-term resistance at 13 euros, the maximum in September 2022.
The bitter face of the day was for Repsol:
(-2.26%), hurt by the fall in black gold prices. The titles of the oil company lost the reference of 15 euros.
Finally, today we will have relevant macroeconomic data, among which we highlight:
- 09:55 -> PMI services for Germany (December)
- 10:00 -> PMI Services in the Eurozone (December)
- 16:00 -> ISM Manufacturing PMI (December)
- 16:00 -> JOLT requests for job offers (November)
- 20:00 -> FOMC meeting minutes
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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 decided to enter bullish, we would buy 100 long Turbo24 (1 euro per point). Let’s imagine that Ibex 35 is sold, for example, at 8405 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 1868 EUR, the required guarantee (compensation) will be 186.8 EUR (100 Turbo24 x 1868 EUR per Turbo24). It The leverage of this operation will be 44.99 times (8405 / 186.8 euros = 44.99 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 8220 units at a price of Ibex 35. We can set the knockout level, for example, 100 units above entry, the price of a Turbo24 is 1888 EUR, the guarantee (compensation) required will be 188.8 EUR (100 Turbo24 x 1888 EUR for each Turbo24). It The leverage of this operation will be 43.55 times (€8,220 / €188.8 = 43.55 times), retaining all the previously explained benefits and protection against negative balance in the event of bear market gaps.