The Ibex 35 has fallen by 0.82%, to 9,148.90 points, without the Wall Street reference, closed for the Memorial Day holiday. Nor has it opened the UK Stock Exchange. Within the selective, the increases in Solaria have stood out after its results, but the falls in electricity companies have weighed more given the cut in remuneration promoted by the Government. However, despite the falls on Monday, the index has managed to rise 3.78% in May and revalued by 13.3% in the first five months of 2021.
- 10.854,400
- -2,22%
In Asia, declines have prevailed over hikes, with cuts of more than 1% in the Nikkei. In Malaysia, the stock market has also fallen 1% while the country announces a "total" closure due to the increase in Covid cases. China has released the manufacturing PMI for May, which stood at 51.0 compared to analysts' expectations, who had expected a reading of 51.1. The May figure has also been a slight decrease compared to the previous month, which was 51.1. The non-manufacturing PMI was 55.2 compared to 54.9 previously.
"The rise in the Services PMI is encouraging and highlights improving sentiment in the retail sector as it catches up with the manufacturing sector. We expect this to continue," say experts at TD Securities.
This Monday's agenda includes the preliminary CPI for Spain for May, while the CPI for Germany for the same month will also be published. On the geopolitical level, there is talk of Joe Biden's warning to Vladimir Putin. The US president has warned Russia, in a speech in Delaware on the occasion of Memorial Day, that "we will not sit idly by and let them abuse" human rights. It should be remembered that Biden and Putin will have their first meeting on June 16.
On the other hand, also in the geopolitical sphere, several European media published this Monday that the Defense Intelligence Service (FE) of Denmark helped the National Security Agency (NSA) of the United States to spy on high European officials, among them Chancellor Angela Merkel between 2012 and 2014.
READY TO EXCEED 9,241
The Ibex will start today from 9,224 points after rising 0.42% on Friday. The selective remains trading in the vicinity of the annual maximums that it presents at 9,241 points.
"Its technical aspect is very good and everything seems to indicate that it could exceed these prices, which would make us think of an extension of the gains to the level of 9,500 points. The first level of support is at 9,000 points, although we will not appreciate a sign of weakness as long as it remains trading above 8,800 points ", explains César Nuez, analyst at Bolsamanía and head of Trader Watch.
The stock markets, in general, have experienced a good month of May, in which the Ibex in particular has risen close to 5% in anticipation of what it does this Monday, and in which inflation has continued to worry ... but less. The first part of the month was busier, with the publication in our country of multiple and important business results, while in the second part the laterality has taken over our stock market and the rest of the stock exchanges, which have entered the 'summer mode 'and suffer from a lack of catalysts.
OTHER MARKETS
The euro trades at $ 1.22. Oil rose 0.6%, to 69.12 dollars for Brent and 66.74 dollars for West Texas.
Gold and silver are up moderately, with gold again above $ 1,900 ($ 1,910) and silver at $ 28.17.
Bitcoin is trading at $ 34,605 (-4.27%) and Ethereum at $ 2,329 (-4.8%).
The yield on the 10-year American bond stands at 1,581%.
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