After the downgrade of Morgan Stanley -17%, they have reported solid quarterly results reaching USD 12 Bn of revenue for the first time, remaining its clothing leadership.
Technical:
-Spanish equities negative momentum was sending Inditex downwards, however IBEX 35 is back again above 9.200 level pointing out a recovery of the Spanish Index. -There is a gap at EUR 27-28 that needs to be covered. -ITX did not break the FIBO 0,61 level.