8 October 2024
Borja de Castro, nuestro analista de mercados en Banco BiG, indica que el Ibex 35 tiene potencial para alcanzar máximos no vistos desde 2010, superando los 12.000 puntos, pero para ello requiere una combinación de factores favorables. Un sector bancario robusto es esencial, junto con un retail impulsado por el consumo, particularmente liderado por Inditex. La bajada de tipos también jugaría un papel crucial, beneficiando al sector energético, que enfrenta desafíos de refinanciación de deuda.
La volatilidad en el sector bancario ha aumentado, impulsada por la OPA hostil de BBVA sobre Banco Sabadell, lo que añade un elemento de incertidumbre. La evolución de los sectores cíclicos dependerá del tipo de aterrizaje económico que experimentemos; un entorno más suave favorecería a las small y midcaps, mientras que un desenlace más brusco podría retrasar el rendimiento de los cíclicos en favor de valores defensivos.
En el ámbito del oro, se observa un buen desempeño, en parte impulsado por tensiones geopolíticas y el aumento del petróleo, lo que refuerza su capacidad para conservar valor. Sin embargo, dentro del sector minero, se evidencian diferencias en el rendimiento de las compañías, como la variabilidad en los resultados de Barrick Gold en comparación con Newmont Mining.
No te pierdas el video completo para más detalles y análisis sobre estas tendencias.
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