The Ibex continues to advance towards 9,000 in a day full of relevant references

Repsol (it has earned 648 million until March) and Aena (it has lost 241 million) published their results here, while Amazon or Twitter, among many others, will do so on the other side of the Atlantic.

Meanwhile, the stock markets are trading figures for Apple (up 3%) and Facebook (soaring 7%), which met at the close on Wall Street. The first reached revenues of close to 90bn dollars and the second exceeded forecasts and earned 9.5bn dollars in the quarter.

Also in the business field, the strong increases in PharmaMar (+ 8%) have stood out in Spain after finally receiving authorization from the Spanish Agency for Medicines and Health Products (AEMPS) to move to phase III of its trial for the use of Aplidin (plitidepsin) against Covid.

As for the macro references of the day, the unemployment in Spain fell by 65,800 people until March and the CPI shot up to 2.2% in April. And in the United States, the GDP for the first quarter has shown a growth of 6.4% (above the 6.1% anticipated) and the PCE inflation index, followed by the Federal Reserve (Fed), has rebounded to 2,3% (compared to the 2.4% expected).

However, the European indices have closed with moderate earnings (the Dax has been the weakest) while Wall Street sets new records. The president of the Federal Reserve (Fed), Jerome Powell, kept the tiller of monetary policy of the most powerful central bank in the world unchanged.

"In last night's Fed statement, the US central bank acknowledged the recent improvement in US economic data, but also reiterated that it remains a long way from the kind of results-based data needed to change its current policy stance, which rules out any prospect of short-term downsizing, "says Michael Hewson, strategist at CMC Markets.

LET THE RICHEST PAY

The president of the United States, Joe Biden, addressed Congress on Wednesday to deliver his first speech in a joint session, on the occasion of the celebration of the first hundred days since he took office. Biden stressed that his administration is delivering "real results" despite the fact that he inherited a "nation in crisis."

The US president devoted much of his speech to his plan to get the richest to pay more taxes. "Wall Street didn't build this country. The middle class built this country. And the unions built the middle class," he said.

He then explained that to finance his economic plan, he will not increase "the tax burden on the middle class," but will eliminate "the loopholes that allow Americans who earn more than a million dollars a year to pay a lower rate for their capital gains than working Americans pay. "

In addition, "the Tax Agency will take action against millionaires and billionaires who cheat on their taxes." "It is time to grow the economy from the bottom to the top and from the center out," he anticipated, "it is time for American businesses and the richest 1% of Americans to start paying their fair share."

OTHER MARKETS

The euro falls in value by 0.06% and now trades at $ 1.2118. Oil is now up 1.5%, to $ 68.28 for Brent and $ 64.80 for West Texas.

Gold fell slightly ($ 1,767), as did silver ($ 25.98).

Bitcoin is down about 2% to $ 53,780, and Ethereum is up 2% ($ 2,792).

The yield on the 10-year American bond stands at 1.66%; and that of the Spanish 10-year bond rose sharply by 8%, to 0.47%.