“What was seen on Friday was a new warning for sailors not suitable for the heart, but that in the end did not cause any relevant analytical change from a technical point of view, since the Ibex 35 ended away from key resistances at 9,000 / 9,055 points and support at 8,850 points“, explains Joan Cabrero, Ecotrader advisor.

“Meanwhile, the German DAX 30 put to the test the solidity of the support it presents at 15,000 points, which is the clavicular and line of confirmation of a threatening bearish turn pattern that is known as head and shoulders (HCH)”, continues the expert of the investment strategy portal of elEconomista.

“The transfer of this support would warn of a possible fall to the area of ​​14,000 points, which is the objective of each of that pattern as well as the base of the channel that has been guiding the increases during the last year. Until then there would be a potential of fall of 6.50% and its scope will be a great opportunity to ride the upward trend of the German stock market, “he adds.

In the case of the EuroStoxx 50, “the 4,250 points have been a temporary ceiling for the increases in recent months and the point of origin of a correction that could lead the main European benchmark to seek the 3,850 point zone, that it would be a perfect throw back to the old resistance, now support, which had slowed the increases in both 2015 and 2020 “, concludes the strategist.

The various uncertainties

The faltering start of October for the stock markets is prolonged, after a bad September (the worst month of the year in general) in which different fronts were opened: the debt crisis of the Chinese real estate company Evergrande, the political blockade in the United States (in danger the Biden stimulus plan), the tightening of inflationary pressures in the face of a global energy crisis and the uncertainty about the impact of the withdrawal of stimuli from the Federal Reserve (Fed) and the rest of central banks or bottlenecks in the global supply chains due to high demand that cannot meet supply, damaged by the coronavirus pandemic.

The cocktail is explosive enough to recall a damned month’s statistics for the markets. October is historically related to the stock market panic: at the end of October 1929, the Dow Jones unleashed the Great Depression in the United States; In mid-October 1987, Wall Street crashed, becoming the first Black Monday for the American stock market; And in 2008, the collapse of Lehman Brothers also broke out in October.

The indebted Chinese real estate giant Evergrande announced today that it has suspended trading of its securities listed on the Hong Kong stock exchange, without offering further details. The suspension also affects “all structured products related to the company,” according to a statement issued by the company through the hongkons park, which has returned to activity today after a three-day break, Efe recalls.

Oil remains stagnant at the 2018 highs zone

Oil is still in the area of ​​highs of 2018, after exceeding $ 80 during the week the futures that trade on a barrel of Brent, a benchmark in Europe. Different analysts observe that the latest increases could push OPEC + to review its policy of gradual reduction of production and begin to raise it at its meeting on October 4, since demand continues to improve and in the short term increase more as it moves part of that of gas, which is at maximum, to oil.

European gas prices rose this Friday to a record of 100 euros mWh as the risk of a global energy crisis increases.

The euro, at minimum July 2020

The money that goes to the US debt -the 10-year bond reached up to 1.5% during the week-, and therefore the dollar, seeking refuge, caused the euro to depreciate by 2.5 % in September, until losing 1.16 dollars, the minimum of July 2020, and that with a volatile start to the quarter it remains close to that level.

BBVA offers the most profitable dividend of all banking

The dividend season picks up again with the arrival of autumn, like every year, and the Spanish banking system has been able – after a year and a half of prohibitions – to join the old traditions again. Three entities have already announced their payments. In fact, Bankinter paid a dividend of 0.133 euros per share this Friday, the first since the end of the veto imposed by the European Central Bank (ECB) that ended on September 30. The other two are Santander and BBVA, the next to go through cash, and the most profitable in the sector.

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