Enye yedatha ebonisa ukuvela kweyona indices ye-equity yaseYurophu kukuba i-Ibex 35 ibonisa imeko embi kakhulu xa ithelekiswa namazwe angabamelwane. Sisikwere apho imbuyekezo iye yaxutyaniswa ngakumbi Lo mkhwa ubonakele ukusukela kwiinyanga zokuqala zika-2019. Ukuya kuthi ga kwinqanaba lokuba abanye babatyali-mali baye baqondisa ukonga kwabo kwezinye ii-indices zaseYurophu ngeenjongo zokuphucula ingxelo yakho yengeniso kuqeqesho ngalunye.
Lo mkhwa kwizabelo zaseSpain ubangelwa zizizathu ezininzi kunye nobume obahlukeneyo, njengoko kuya kuboniswa kweli nqaku. Kodwa nangayiphi na imeko, iye yohlwaya izikhundla zabatyali mali abancinci nabaphakathi abakhethe ukhuseleko oluthengisa kwimarike eqhubekayo yelizwe lethu. Ngokwahluka okungalunganga okuthethileyo ifikelele kwi-3% okanye i-4% Qho ngonyaka xa kuthelekiswa nabo sikhuphisana nabo kwiimarike zezemali. Kwimeko enokuthi ithathelwe ingqalelo njengelingeneyo phakathi kwezi meko zangoku zezoqoqosho.
Okwangoku, isalathiso esikhethiweyo sengeniso eyahlukileyo yaseSpain, i-Ibex 35, ihamba kuluhlu lwama-9.200 ukuya kuma-9.700 35 amanqaku. Ngaphantsi kwendlela ekufuneka ihlelwe njenge-lateral bullish kwaye ibonelela ngamanqanaba amxinwa kakhulu okusebenza ngamaxabiso esitokhwe kwezi ntsuku. Kwelinye icala, ayinakulityalwa ukuba eYurophu i-Ibex 50 ime ngaphandle, sisalathiso esinyuka kancinci kwaye iibhanki licandelo elinentsebenzo embi kakhulu kukhetho lwaseSpain. IDax, kwelinye icala, lelona libonisa amandla, njenge-Euro Stoxx XNUMX, ethi idibanise eyona milinganiselwano ibalulekileyo kwilizwekazi elidala.
Ibex 35: ukuxhomekeka kwiibhanki
Esinye sezizathu zokuchaza ukusebenza kakubi kwelizwe lethu xa kuthelekiswa nokunye kukuxhomekeka kakhulu kumaziko emboleko. Ngexesha apho la maqela ezezimali engahambi kwelona xesha lilungileyo ukusuka kwindawo yokujonga imarike yestokhwe. Ngokuhla kwexabiso kwiinyanga ezilishumi elinambini ezidlulileyo ngaphezulu kwe-10% kumaxabiso ayo kwimarike yemasheya. Ke ngoko, inobunzima kwimarike yemasheya kwilizwe lethu kuba imele ngaphezulu nje kwe-15% yemali eyinkunzi kule marike yezemali. Into engenzeki ngokuqinisekileyo ngeemarike zokulingana kwindawo yethu kwaye ebangela ukuba indlela yokuziphatha ye-Ibex 35 ibe mandundu.
Kule meko ngokubanzi, oku kuxhomekeka kugqithisileyo kunokwenzakalisa iinjongo zabatyali zimali abancinci nabaphakathi kwisigqibo sabo sokuthatha isikhundla kwimarike yaseSpain. Ayothusi into yokuba banenketho yokujolisa kwiimarike zaseYurophu ezigcine imeko ethe kratya kunyaka ophelileyo onesiqingatha. Nangona ifuna iikhomishini eziphakamileyo kunakwimisebenzi yesizwe, malunga nokunyuka okungama-5% ngaphezulu kwento yonke ethengwayo kunye nentengiso. Ngelixa kwelinye icala, babonisa isithembiso esahlukileyo ngokubhekisele kumacandelo amelweyo kwezi indices stock.
Iingxaki zezopolitiko
Esinye isizathu sokuchaza ukusebenza kakubi kwe-Ibex 35 kungenxa yamathandabuzo athe aveliswa yi ukungazinzi kwezopolitiko kwaye oko kuye kwakhokelela ekubeni abatyali zimali abaninzi bathumele imali yabo kwezinye iimarike zezemali. Kwaye kuyo nayiphi na imeko kukhokelele kwiyantlukwano kwindaleko yezi indices zityhilwayo. Ukonakaliswa kweeasethi zezemali ezidweliswe kwimarike yesizwe eqhubekayo, njengoko kubonisiwe kwiinyanga ezidlulileyo. Nangona le yimeko enokutshintsha amaxesha ngamaxesha kwaye isenokuba kulo nyaka. Ubuncinci ukulinganisa ukusetyenziswa kwezi marike zezabelo.
Ngelixa kwelinye icala, kufuneka sithathele ingqalelo ukusukela ngoku ukuba imarike yemasheya kwilizwe lethu isesichengeni sokudodobala kwezoqoqosho. Oko kukuthi, ikhula kancinci kumaxesha amade kakhulu kwaye le yinyani enokuqinisekiswa kuthotho lwamaxabiso embali kwisalathiso esikhethiweyo sentengiso yemasheya eSpain. Apho kuya kufuneka ukhethe ngakumbi ukwenza ulondolozo lwakho lube nenzuzo ngendlela efanelekileyo kwaye ejolise kuyo yonke imiqathango yesigxina: emfutshane, ephakathi kunye nexesha elide. Apho isithembiso singekho kakhulu ngokwexabiso lokuthelekisa nezo zinikezelwa ziimarike zaseYurophu.
Ngenxa yezizathu zethutyana
Kwaye akufuneki kunqatshelwe ukuba oonobangela bethutyana bacacisa okona kusebenza kubi eSpain. Kungenxa yokuba ilizwe lethu libonisa idatha yezoqoqosho ngobuthathaka obukhulu kunakwamanye amazwe kwaye konke oku kunefuthe elibuthathaka kakhulu kwiimarike zezabelo. Ingakumbi kwi amaxesha amaninzi nanjengoko ingeloqoqosho oluluqilima ngaphakathi kwe-European Union. Ngaphakathi kulo mxholo ngokubanzi, kufanele kuqatshelwe ukuba imarike yemasheya yaseSpain yohlwaywe ngokuqatha zezi zinto kwaye zisale ngasemva kwiindices zemarike yamasheya zamazwe akummandla wethu osondeleyo.
Ngale ndlela, kufanele kuqatshelwe ukuba ngelixa i-Ibex 35 kunyaka ophelileyo ibixabise kakhulu ukusondela kwi-10%, intsalela igqithile kula manqanaba Umzekelo, I-CAC 40, i-DAX okanye i-Footsie eyayimi kwi-15%. Oko kukuthi, umahluko omalunga ne-5% ngokwezibonelelo ezifunyenwe ngabatyali mali abancinci nabaphakathi kwimisebenzi yabo. Ngokwalo mbono, imarike yemasheya kwilizwe lethu, ubuncinci okomzuzwana, ayinanzuzo kunezinye kwaye le yinto enokuba nefuthe ekujikeni kwethu kwezinye iimarike zamanye amazwe ukwenza ukuba ikapitali yethu ibe nenzuzo ukusukela ngoku.
Ithuba elisezantsi kule veki iphelileyo
Kwelinye icala, kwezi ntsuku zisandula ukubangumqondiso omtsha wobuthathaka kwicala lesalathiso selizwe lethu. Ngokubonisa ukujika okuphazamisayo kwicala elisezantsi emva kokugcwalisa umsantsa wokukhula ebenawo kwiiveki ezidlulileyo. Into engaqwalaselwanga ngokuchanekileyo umqondiso wamandla ngabahlalutyi kwiimarike zezabelo. Ngelixa ngokuchaseneyo, i-DAX yaseJamani igqobhoze kancinane isikhokelo sayo sokunyusa. Ngokwabo, ii-indices e-United States ziyaqhubeka nokubonisa ukomelela kwazo kwaye, okona kubaluleke kakhulu, kukurekhoda ukuphakama.
Ukusuka kule mbono yentengiso yesitokhwe, imarike yaseSpain yeyona ibangela ukoneliseka okuncinci phakathi kwabatyali mali abancinci nabaphakathi. Nangona kulindeleke ukuba kwixesha eliphakathi le meko ingatshintsha kwaye ifikelele kwezinye iindawo zamanye amazwe. Ayothusi into yokuba inokubakho kokukhula ngakumbi xa kuthelekiswa nezinye zezi. Ngoku okushiyekileyo ukuqinisekiswa ngumzuzu xa oku kulungelelana kufikelela ekuqwalaselweni kwamaxabiso ezokhuseleko ezenza ukhetho. Apho umba wokumisela ezopolitiko unokudlala indima yokufezekisa ezi njongo kwiimarike zesitokhwe. Ngaphandle kwento yokuba kukho ukhuseleko oluninzi kwi-Ibex 35 ezithengisa kwizaphulelo ezibonakala zinomdla kakhulu ukuthatha izikhundla kwezi ntsuku. Ngokukodwa, kwezinye iinkampani ezikwibhanki kunye necandelo le-cyclical ezikumanqanaba okucaca ngaphezulu emva kokusikwa kweenyanga ezidlulileyo kwaye oko kunokuba yindlela yokuthenga kwezi veki zilandelayo.
Imisebenzi yentengiso yesitokhwe ikhula nge-5%
Imarike yemasheya yaseSpain ithengiswe ngeemali ezilinganayo kwinyanga ephelileyo zizonke zizigidi ezingama-40.646 zeerandi, ngokuhambelana nenyanga edlulileyo kunye ne-4,8% ngaphezulu kwangexesha elifanayo le-2018. Ukufunyanwa kwabasebenzi kunyaka opheleleyo kufikelele kwi-469.626 yezigidi zeerandi, i-18,1% ingaphantsi kunonyaka ophelileyo. Inani lezorhwebo eliqokelelweyo ukuza kuthi ga kweli xesha lehle nge-15,9%, ukuya kwi-37,2 yezigidi, emva kokubhalisa ukuthengiselana kwezigidi ezi-2,8 ngoDisemba, i-10,0% ngaphantsi kwenyanga enye kulo nyaka uphelileyo kunye ne-11,4% engaphantsi kunakwinyanga ephelileyo.
Kwelinye icala, i-BME ifumene isabelo sentengiso kwisivumelwano se-Spanish securities ye-72,2% kunyaka uphela. I-avareji yokusasazeka konyaka yayingamanqaku esiseko se-4,91 kwinqanaba lokuqala lexabiso (i-12,9% ibhetele kunendawo yokurhweba elandelayo) kunye neendawo ezisisiseko ze-6,88 ngobunzulu be-25.000 ye-euro kwincwadi yoku-odola (i-34,3% ibhetele), ngokwe-Independent Ingxelo yeLiquidMetrix. Ngelixa kwelinye icala, intengiso ye Iziphumo zezezimali ivaliwe kulo nyaka ngokunyuka okunyukayo kurhwebo lwe-3,3%. Kule nguqulelo, ikamva lesitokhwe livelele, lonyuka nge-42,9%; ngaxeshanye nekamva kwisahlulo sesitokhwe, ngolonyuso lwe-60,9%. Okwangoku, ii-indices e-United States zezo ziqhubeka nokubonisa ukomelela kwazo kwaye, okona kubaluleke kakhulu, kukurekhoda phezulu. Kuyo yonke imiqathango yokusisigxina: imfutshane, iphakathi kwaye inde.