{"id":115688,"date":"2026-02-17T08:52:26","date_gmt":"2026-02-17T07:52:26","guid":{"rendered":"https:\/\/www.tressis.com\/?p=115688"},"modified":"2026-02-17T09:44:27","modified_gmt":"2026-02-17T08:44:27","slug":"mercados-estables-jornada-baja-actividad","status":"publish","type":"post","link":"https:\/\/www.tressis.com\/ca\/blog\/mercados-estables-jornada-baja-actividad\/","title":{"rendered":"Mercados estables en una jornada de baja actividad"},"content":{"rendered":"<p>La sesi\u00f3n de ayer transcurri\u00f3 con <b>relativa tranquilidad<\/b> para los mercados financieros, influida por el cierre parcial de los mercados asi\u00e1ticos por el A\u00f1o Nuevo Lunar y la jornada festiva de Wall Street por el Presidents\u2019 Day. En este contexto, la atenci\u00f3n se centr\u00f3 en Europa, donde las bolsas mostraron un <b>comportamiento estable<\/b>.<\/p>\n<p>&nbsp;<\/p>\n<p><center><a href=\"https:\/\/www.tressis.com\/tressis-vision\/?utm_source=web_publica&amp;utm_medium=direct&amp;utm_campaign=descarga_paper&amp;utm_term=tressisvision&amp;utm_content=blog_MMV\" target=\"_blank\" rel=\"noopener\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-67199 size-full\" src=\"https:\/\/www.tressis.com\/wp-content\/uploads\/2023\/03\/CTA-Tressis-vision-para-articulos-blog.jpg\" alt=\"Informe mensual - Tressis visi\u00f3n\" width=\"800\" height=\"354\" srcset=\"https:\/\/www.tressis.com\/wp-content\/uploads\/2023\/03\/CTA-Tressis-vision-para-articulos-blog.jpg 800w, https:\/\/www.tressis.com\/wp-content\/uploads\/2023\/03\/CTA-Tressis-vision-para-articulos-blog-300x133.jpg 300w, https:\/\/www.tressis.com\/wp-content\/uploads\/2023\/03\/CTA-Tressis-vision-para-articulos-blog-768x340.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/center><center><\/center>&nbsp;<\/p>\n<h2><strong>Renta variable europea con tono moderado<\/strong><\/h2>\n<p>En renta variable, Europa registr\u00f3 un sesgo ligeramente positivo, apoyado en el buen desempe\u00f1o del <b>sector financiero<\/b> y en la temporada de resultados, que sigue generando movimientos muy selectivos a nivel sectorial y empresarial. Con menor profundidad de mercado, los inversores priorizaron la <b>calidad de la <em>guidance<\/em><\/b> y la visibilidad sobre la evoluci\u00f3n futura de los negocios, m\u00e1s all\u00e1 del simple hecho de superar las estimaciones trimestrales.<\/p>\n<p>El <b>Ibex 35<\/b> destac\u00f3 como el \u00edndice europeo con mejor desempe\u00f1o, avanzando un 0,99% hasta los 17.848 puntos, impulsado por el sector bancario y por valores como <b>ACS<\/b> (+4,68%) e <b>Indra<\/b> (+3,42%). Por el contrario, el <b>DAX alem\u00e1n<\/b> retrocedi\u00f3 un 0,46% hasta 24.800,91 puntos, tras iniciar la sesi\u00f3n en terreno positivo. El <b>CAC 40 franc\u00e9s<\/b> cerr\u00f3 con una ligera ca\u00edda cercana al 0,1%, lastrado por los sectores tecnol\u00f3gico y de lujo, en particular por la ca\u00edda del 10% en <b>Dassault Syst\u00e8mes<\/b>. El <b>FTSE 100 brit\u00e1nico<\/b> se mantuvo pr\u00e1cticamente plano, aunque con un leve sesgo alcista respaldado por el sector de defensa y seguridad. En conjunto, el <b>Euro Stoxx 50<\/b> cedi\u00f3 un 0,11% hasta 5.978,88 puntos, reflejando la mezcla de tonos que predomin\u00f3 en la regi\u00f3n.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Referencias macro y mercado de divisas<\/strong><\/h2>\n<p>En el \u00e1mbito macroecon\u00f3mico, el dato m\u00e1s relevante provino de <b>Jap\u00f3n<\/b>, donde el PIB del cuarto trimestre qued\u00f3 por debajo de las expectativas, reforzando la narrativa de un <b>crecimiento d\u00e9bil<\/b> y reavivando el debate sobre el posible incremento del impulso fiscal en los pr\u00f3ximos meses.<\/p>\n<p>El mercado de <b>divisas<\/b> mostr\u00f3 un tono de cautela. El d\u00f3lar se mantuvo estable mientras el yen se debilit\u00f3 tras los datos de PIB japon\u00e9s m\u00e1s flojos de lo esperado, reduciendo la probabilidad de un giro restrictivo por parte del Banco de Jap\u00f3n. El <b>euro\/d\u00f3lar<\/b> retrocedi\u00f3 ligeramente hasta el entorno de 1,185 y la <b>libra esterlina<\/b> se movi\u00f3 en un rango estrecho frente al euro sin una direcci\u00f3n clara.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Renta fija y expectativas de tipos<\/strong><\/h2>\n<p>En renta fija, la ausencia de referencia de los <em>treasuries<\/em> centr\u00f3 la atenci\u00f3n en Europa, donde las rentabilidades apenas variaron: el <b>bund alem\u00e1n a diez a\u00f1os<\/b> se mantuvo cercano al 2,75% y el bono espa\u00f1ol alrededor del 3,19%. El mercado sigue descontando que el <b>BCE<\/b> mantendr\u00e1 los tipos en el 2% a corto plazo, mientras que en <b>EE.UU.<\/b> se anticipan recortes de la Fed a partir del verano, con el debate enfocado en el ritmo de esas bajadas m\u00e1s que en su materializaci\u00f3n.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Materias primas y claves de la semana<\/strong><\/h2>\n<p>En materias primas, el <b>petr\u00f3leo<\/b> registr\u00f3 un ligero repunte, con dos factores contrapuestos: las conversaciones entre <b>EE.UU.<\/b> e Ir\u00e1n, que podr\u00edan afectar la oferta, y la expectativa de que la <b>OPEP+<\/b> retome aumentos de producci\u00f3n desde abril. El <b>oro<\/b> corrigi\u00f3 un 1,01% debido a un d\u00f3lar algo m\u00e1s firme, aunque se mantiene alrededor del nivel psicol\u00f3gico de los <b>5.000 d\u00f3lares por onza<\/b>.<\/p>\n<p>De cara al resto de la semana, la atenci\u00f3n se dirigir\u00e1 al calendario macroecon\u00f3mico, con la publicaci\u00f3n de <b>PMI adelantados<\/b>, datos de inflaci\u00f3n y otras referencias de actividad que podr\u00edan ajustar las expectativas de tipos. Un escenario de moderaci\u00f3n econ\u00f3mica sin deterioro brusco apoyar\u00eda el tono constructivo de los mercados; por el contrario, sorpresas al alza en inflaci\u00f3n o crecimiento podr\u00edan reactivar la presi\u00f3n sobre las tires y el d\u00f3lar y exigir mayor selectividad en la renta variable.<\/p>\n<p>&nbsp;<\/p>\n<p>Feliz martes.<\/p>\n<p>&nbsp;<\/p>\n<p><center><strong>Urko Rosel de la Rocha<\/strong><br \/>\nAnalista<\/center>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>La sesi\u00f3n de ayer transcurri\u00f3 con relativa tranquilidad para los mercados financieros, influida por el cierre parcial de los mercados asi\u00e1ticos por el A\u00f1o Nuevo Lunar y la jornada festiva de Wall Street por el Presidents\u2019 Day. En este contexto, la atenci\u00f3n se centr\u00f3 en Europa, donde las bolsas mostraron un comportamiento estable. &nbsp; &nbsp; [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":115690,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9721],"tags":[],"class_list":["post-115688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-morning-meeting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mercados estables en una jornada de baja actividad<\/title>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"ca_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mercados estables en una jornada de baja actividad\" \/>\n<meta property=\"og:description\" content=\"La sesi\u00f3n de ayer transcurri\u00f3 con relativa tranquilidad para los mercados financieros, influida por el cierre parcial de los mercados asi\u00e1ticos por el A\u00f1o Nuevo Lunar y la jornada festiva de Wall Street por el Presidents\u2019 Day. 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