- The IBEX 35 goes back 0.41% in the day, operating when writing about 14,242.
- The titles of Arceormittal SA (MTS) fall 3.75% daily, reaching minimum of May 8 by € 26.60.
- Fluidra (FDR) shares lose 2.30% daily, reaching minimum of May 13 at € 21.22.
- The preliminary PMI of Eurozone services falls to 48.9 points, disappointing the estimates of the analysts.
The IBEX 35 reacted upward from May 20 at 14,129, where aggressive buyers attracted the index to a daily maximum in 14,247. Currently, the IBEX 35 quotes in 14,242, falling 0.41% on the penultimate day of the week.
Arceormittal and Fluidra drag the ibex 35 to negative field
The leading company of the Arceormittal Siderurgical Industry (MTS) has a loss of 3.75% in the day, visiting minimal not seen since May 8 in € 26.60, ending with a streak of three consecutive days with profits, leading the falls in the index.
Following the bearish perspective, the fluidra titles (FDR) slide 2.30% on Thursday, spinning two consecutive sessions down until reaching minimum of May 13 at € 21.22.
On the other hand, the Manufacturing Preliminary PMI of the Eurozone was 49.4 points in May, slightly above 49.3 estimated and 48.5 observed in the previous period. In contrast, the PMI of Services fell to 48.9 points, worsening the 50.3 points planned and the 50.1 points recorded in April.
As for the integrated PMI, a 49.5 points were observed compared to 50.7 points projected by the analysts and the 50.4 points reached the previous month.
In this context, IBEX 35 falls 61 points, reaching minimum of May 20 in 14,129 and consolidating within the operational range of the previous session at 14,234.
Technical levels at IBEX 35
The IBEX 35 reacted the decline from a short -term resistance given by the maximum of May 21 in 14,341. To the south, the closest support is located at 13,063, minimum of April 30 in convergence with the exponential mobile average of 9 periods. The next key support level is observed at 11,500, pivot point of April 7.
GRAPH DIART OF IBEX 35
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
