- The IBEX 35 goes back 0.60% on Wednesday, operating at the time of writing about 13,408.
- Inditex (ITX) shares lose 3.17% in the day, reaching minimum of April 14 at € 45.75.
- Cellnex Telecom (Clnx) values fall 2.27% daily, reaching a minimum of April 17 in € 34.33.
- Retail sales of the Eurozone rise 1.5% year -on -year in March, slightly below market estimates.
- Investors will be attentive to the interest rate decision that the Federal Reserve will announce today, it is expected to remain unchanged in 4.5%
The IBEX 35 established a maximum of the day in 13,479, attracting aggressive vendors that dragged the index to a daily minimum at 13,392. Currently, Ibex 35 operates at 13,408, losing 0.60% daily.
Cellnex Telecom and Inditex lead the falls in Ibex 35
According to information published by Eurostat, Eurozone retail sales rose 1.5% year -on -year in March, compared to the expected increase of 1.6%. This figure is below the 1.9% growth observed in February.
On the other hand, the IBEX 35 loses 79 points today, falling 0.60%, staying within the operational range of the previous session at 13,408 and ending with a streak of three consecutive days on the rise. In this scenario, Cellnex Telecom (Clnx) shares back 2.13% in the day, visiting April 17 at € 34.33, spinning two consecutive sessions with losses.
Clnx will announce its profits, where it is expected to obtain income of 985.71 million euros and a loss per € 0.10 action.
In the same tonic, Inditex titles (ITX) fall 3.17% on Wednesday, reaching a minimum of April 14 at € 45.75, spinning three consecutive days down.
The focus of the operators will be placed on the decision of interest rates of the Federal Reserve, as well as in the statements of its president Jerome Powell. The market consensus foresees that it remains unchanged in a range between 4.25% and 4.50%.
Technical levels at IBEX 35
The IBEX 35 established a short -term resistance given by the maximum of 6 of Mato in 13,548. Down, the closest support is observed at 13,063, minimum of April 30, in convergence with the recoil at 78.6% of Fibonacci. The following key support is found in 12,135, pivot point of April 10.
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.
