- The IBEX 35 goes back 0.50% daily, quoting at the moment in 14,234.
- The values of Caixabank, SA (CABK) lose 1.80% today, visiting minimums of May 30 in € 7,404.
- The titles of Banco Bilbao Vizcaya Argentaria, SA (BBVA) fall 1.44% on Tuesday, operating the time of writing about € 13,025.
- The harmonized consumer price index of the Eurozone (IAPC) increased by 1.9% annualized in May, below market estimates
- Unemployment in Spain records a reduction in 57,835 people in May, disappointing the projections of analysts.
The IBEX 35 established a daily maximum in 14,366, where it found aggressive vendors that dragged the minimum of May 29 in 14,216. Currently, the IBEX 35 quotes about 14,238, losing 0.50% on the second day of the week.
CaixaBank and Banco Bilbao Vizcaya Argentaria drag Ibex 35 to negative field
The titles of the Banco Bilbao Vizcaya Argentaria, SA (BBVA) slide 1.44% daily, reaching minimum of May 12 at € 12,900, consolidating a bearish trend in the short term.
In the same tonic, the actions of Caixabank, SA (CABK) have a drop of 1.66% today, visiting minimums of May 30 in € 7,404, leading losses in the stock market index, thus ending with three consecutive sessions with profits.
On the other hand, Eurostat announced that the harmonized consumer price index of the Eurozone (IAPC) increased by 1.9% annualized in May, below the planned 2% and 2.2% observed in April. At the same time, the underlying IAPC increased by 2.3% year -on -year in May compared to the growth of 2.7% in April, improving the 2.5% estimated by consensus.
According to information provided by the Communication Cabinet of the Ministry of Labor and Economics of Spain, the number of unemployed was reduced by 57,835 in May after falling into 67,420 in April, disappointing an expected fall of 68,500.
Technical levels at IBEX 35
The IBEX 35 formed a short -term resistance given by the maximum of May 27 in 14,414. Down, the closest support is at 13,832, minimum of April 23, close to the 78.6% fibonacci setback. The following important support is found in 13,063, a pivot point of April 30 that converges with the exponential mobile average of 9 periods.
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.
