6th, Daily Report

The session is expected to be slightly flat due to the holiday in UK that greatly reduce the size of the market. The lower interest rates in the EU encourages the ups for this week. The market believes in U.S. and Japan monetary policies. So it seems that the lower interest rates will help the increase of the shares and the fall in risk premium (well below the 300 points in Spain).

The U.S. stock exchange had an upward trend mainly due to macro data, specifically the unemployment reaching lows of the last five years. Each time gets closer to the level where it seems that the U.S. economy begins to expand. Therefore, the three major exchanges continue its ups (above 11% so far this year). This week highlights the NASDAQ with a rise of 3.7% thanks in part to the business (although not all have been good, most of them have improved). SP500 and DOW also continue to set record highs with a weekly rise of 2% and 1.8%.

In Europe this week has been marked by the fact that the ECB has made ​​it clear that was not going to continue the policy of austerity. Indeed, Draghi ended up giving a warning to all countries on their fiscal policy, explaining that tax increases do not help to improve the economy of the countries. The DAX was the best performing with a rise in the week of 3.9%. The IBEX also was bullish (especially by improving its risk premium) reaching up to 3%. For this week, the amount of data macro will set the overall behavior of the shares.

In Asia, the Nikkei was closed for holiday. The data this week is not overly positive with a fall of 1.8%. Besides the PMI data in China seems likely to slow the growth but for now it seems that it will not unduly affecting the market because it appears to have been offset by sales,

For this session I hope a slightly bullish open due to the continued impact of lower interest rates. For the medium and long term I continue expecting a rise in shares and debt improved.

INDICES:


S&P 500

The index goes unstoppable to beat their own brand. Data from American companies as well as its economic indicators indicate a behavior perfectly framed in a bullish channel. I value the SP attack seriously the top of the channel again, but first, the reference level is the maximum take last Friday of 1614 points, and if exceeded again, the American index will approach resistances and beat his own record once again.

Dax 30

After all the good news that have taken place in the eurozone, the DAX will try to climb for the 8th consecutive session. The German market has been very well since the interest rates cut, aware that this will benefit its exports, so it goes inevitably to breaking the set channel that presents the stock exchange in 8180.5 points.

Ibex 35

After increases last week, the Spanish stock exchanges likely face a day without many changes conditioned by the holidays in Japan and England, and all relevant data is limited to the eurozone PMI conference and Draghi. In both cases, little change is expected. If continues to rise, seriously appreciate the ability to see the Spanish selective in the 9400 points.