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Telefónica helps the Ibex to look at the 11.884 points

Logotipo de Bolsamanía Bolsamanía 09/05/2017 Bolsamanía
© Proporcionado por Bolsamanía

The investors chose Monday to collect profits and opted on Tuesday for rises (light), with the Ibex at 11,117 points (+ 0.2%).

A moment of calm for the markets and to take a break before June arrives (on June 8 elections are held in the United Kingdom and on 11 and 18, the elections Legislation in France).

The next Ibex target is still 11,884 points, the maximum for 2015. At the moment, everything seems to indicate that it is going to dare to go to those levels, for which it will count - or not - with the help of Telefónica this week. In the other way, it is still spoken of the triumph of Emmanuel Macron in France. Experts are clear: this is the best thing that could have happened to Europe ... and the stock exchanges, but they keep their reserves.

On the business front, Endesa reported on Tuesday a 26% drop in its profit due to high electricity prices. Commerzbank reported an increase of 28%. Germany's second largest lender exceeded analysts' expectations and said it would aim to keep its basic costs stable throughout the year.

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