The IBEX 35 extends its losses and reaches minimum of three weeks

  • The IBEX 35 loses 0.81% on Thursday, reaching minimums not seen since May 23.
  • International Consolidated Airlines SA (IAG) shares fall 4.52% in the day, currently operating over € 3,812.
  • Amadeus It Group SA (AMS) titles go back to 3.81% daily, currently quoting € 71.28.
  • Isabel Schnabel, a member of the European Central Bank Board, said today that the monetary policy cycle is coming to an end.

The IBEX 35 reacted the decline from a maximum of the day in 14,234, finding vendors that dragged the index to minimum of May 23 in 14,090. At the time of writing, the IBEX 35 is traded in 14,182, falling 0.81% in the day.

Consolidated Airlines and Amadeus It Group Lastra to Ibex 35 to Losses Zone

Consolidated Airlines SA (IAG) values ​​slide 4.07% today, visiting May 23 at € 3,812, spinning its second consecutive day down and leading losses in the share index.

In the same tune, Amadeus It Group Sa (AMS) shares fall 3.43% daily, reaching minimums of three weeks in € 70.96, signing its second consecutive session with losses.

In another front, the member of the European Central Bank Board, Isabel Schnabel, mentioned today that the growth prospects are stable despite the commercial conflict. Similarly, he pointed out that medium -term inflation is stabilizing with the objective, so the monetary policy cycle is coming to an end.

Technical levels at IBEX 35

The IBEX 35 established a short -term resistance given by the maximum of June 10 at 14,432. Downwards, the closest support is observed at 13,832, minimum of May 23. The next key support level is found in 13,063, pivot point of April 30, in convergence with the exponential mobile average of 9 periods.

GRAPH DIART OF IBEX 35

Source: Fx Street

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