The Ibex and the rest of the European stock exchanges have closed in green. The Spanish selective has finally opted for the increases, very moderate at the end (+ 0.05%. 8,219 points) after the initial indecision, when it has been affected by technical problems that have prevented the dissemination of the prices of the values of the Spanish market between 9 and 10 hours.
- 11.327,700
- 0,25%
Within the Ibex, the strong increases in Meliá, ArcelorMittal and PharmaMar stood out. On the negative side, the falls in Cellnex have attracted attention. Solaria (+ 1.15%), which has risen more than 4% after its results, has deflated.
As for the technical aspect of the Spanish selective, it continues with its sights set on the annual highs after destroying the resistance of 8,122 points at the end of last week. "For the next few days it seems very likely that we could end up seeing an extension of the gains to the level of 8,439 points, annual maximums. The first level of support is at 7,950 points, the minimum of the bullish gap that was left last Wednesday at the opening ", indicates César Nuez, analyst at Bolsamanía and head of Trader Watch.
The market continues to await news related to vaccines against Covid-19. AstraZeneca has announced that it is developing a vaccine against the South African variant of the virus after learning that the current vaccine that is being distributed is less effective against that strain. Furthermore, business results are also in focus. Pay attention to those on Twitter tomorrow.
VEOLIA WAITS
But the business news of the day is undoubtedly the hostile takeover that Veolia has launched on Suez and that the French courts have been quick to block. It offers 18 euros for the 70.1% that it does not control of the firm, which represents an operation of almost 8bn euros in cash. Suez has reacted immediately: "Legally, Veolia cannot present a takeover bid," a company spokeswoman told AFP, who denounced "a break in the friendly commitment" that Veolia had assumed.
The unions are also against this takeover bid. "We will not allow Veolia to continue its attempt to destroy" Suez, the unions, who consider this offer a "declaration of war without turning back," have jointly reported.
THE USA PACKAGE, CLOSER
On Monday there is also talk about Joe Biden and his determination to carry out the stimulus package. At the end of last week, the US president launched a plan to get the 1.9 trillion dollar package signed without the support of Republicans. "President Biden has a history of fostering good relations with politicians from all walks of life, as well as seeking consensus on issues, but this time he is determined to put the American people first," say experts at CMC Markets in the daily report.
The Secretary of the Treasury, Janet Yellen, predicted this Sunday in an interview with CNN that the country will return to full employment in 2022 if the new stimulus package is approved.
"I would hope that if this package is approved, we will return to full employment next year," Yellen said.
However, the head of the Treasury warned, citing a recent analysis by the US Congressional Budget Office, that if "additional support" to the economy is not approved, the unemployment rate will remain high in the coming years and will take until 2025 get that index down to 4% again.
OTHER MARKETS
In other markets, the euro / dollar is trading at 1.2028, while the price of crude rises more than 1% (Brent barrel: $ 60.11; WT barrel: $ 57.55). Gold is rising moderately to $ 1,821.50 per ounce, while silver is now 0.9% higher, to $ 27,265.
As for bitcoin, it marks new all-time highs ($ 43,500) after Tesla announced that it has bought $ 1.5 bn in bitcoin and that it will accept 'crypto' as payment for its products.
