week of adjustment to the equity indices. The Eurostoxx 50 back to retest the 3000 points and then retrace, setting the index remains unchanged. Take a break instead of the German DAX index after a rise that lasted through 2010, which saw the index exceed the maximum at 6,300 points. In the past week have come positive signals at the macro level, the data of economic activity showed the record high for the German Ifo index. Well given the Chinese GDP in the fourth quarter, while reassuring news arising from America with the data on weekly unemployment benefits to 404,000. During the week the item of interest was a sharp twist of the sectoral equity funds. In Europe, its beneficiaries are, as the previous week, bank stocks and insurance, that effect by interrupting the downward trend found who has covered throughout 2010. Have made the costs so the equity sector with the highest relative strength last year, Chemistry, Basic Materials, Household Goods and Personal, Industrial. This sector rotation has thus favored the European indices with a greater weight of bank shares as FTSE and financial and Mib Ibex, while the Dax closed in red taking a break after prolonged rise. Even U.S. market has seen a change of sectors; technology stocks and those with medium-small capitalization are losing strength relative to the market. The equity indices are still in the end with a positive approach, even if they are next to important resistance levels (1300 for the S & P 500 and 7200 for the DAX). Retrace week losing strength in all emerging equity markets except India, which produces a positive performance, but after weeks of weakness. The emerging bond markets adversely affected the overheating of its economy, Brazil and Poland this week it raised rates. Changes in scope, eventually, the Euro recovers on almost all currency thanks to the good performance of the financial sector and the easing of the European crisis.
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