The Ibex continues to be sheltered close to that immediate resistance that it has at 8,375 points (-0.13%. 8,130 points). Within the index at this time, the increases in Meliá, Amadeus, Colonial, and the falls in Solaria, Acciona or PharmaMar stand out.
- 11.068,500
- -0,77%
"In recent days we have seen a consolidation of levels in the Spanish index awaiting the appearance of a sign of strength that shows us an extension of the rises to the level of 8,375 points, maximum of the bearish gap that was left at the month of March. We will not appreciate even the slightest sign of weakness as long as it remains trading above 8,000 points, "explains César Nuez, analyst at Bolsamanía and head of Trader Watch.
Meanwhile, investors continue to divide their attention between the negative news (the many deaths that continue to be reported around the world, also in Spain, due to the coronavirus), which seem to be weighing less right now, and the positive news. Attention continues to be focused on advances in vaccines. The latest news is the approval of the Pfizer and BioNTech vaccine by the United Kingdom, thus ahead of the EU and the US.
The agenda for this Wednesday includes the November strike in Spain (rises by 25,269 people), the employment report of the ADP consultancy in the US (prelude to the employment report that will be known on Friday) and the appearance of Jerome Powell, president of the Fed, in Congress, as the most prominent appointments.
"The US ADP employment report is expected to show 410,000 jobs were added last month and that would be an increase from 365,000 published in October," CMC Markets experts say in their daily report.
It should be noted that in Australia, third-quarter GDP has risen 3.3% month-on-month (compared to the previous -3% drop), although it has fallen 3.8% year-on-year.
Investors are also watching oil, which is trading down (-0.8%) after OPEC + delayed its meeting to reach an agreement on production to this Thursday after failing to reach a pact on Monday. Some countries want to maintain current production levels while others, such as the United Arab Emirates and Kazakhstan, want to increase supply now.
Also, underline that Janet Yellen has spoken, appointed by Joe Biden as new Secretary of the Treasury. Yellen has said that the health and economic "tragedy" facing the United States due to the coronavirus pandemic requires action with "urgency", because "inaction could cause even more devastation."
Finally, it should be noted that the talks on the United States stimulus package are once again in the spotlight. A group of bipartisan politicians presented a $ 908 billion aid package on Tuesday. One senator described it as a "provisional" proposal. Before the presidential election, Democrat Nancy Pelosi and Republican Mitch McConnell were at odds with each other on crafting a package. Pelosi was pushing a $ 2.2 trillion plan, while McConnell was pushing a $ 500 billion program. "Yesterday, McConnell spoke of a package of 1.4 billion dollars, so things seem to be going in the right direction," they point out from CMC Markets.
