The Ibex will try to keep moving forward, with the PMI services and OPEC in focus

Important references on this Thursday day in the markets. November services PMIs are released (in China, it has risen to 57.8 compared to the previous figure of 56.8 and the estimate of 56.5). In addition, October euro zone retail sales will be released, while investors will not lose sight of what the large oil producers (OPEC +) have to say about what they will do with production from January 1.

IBEX 35

11.101,800
-0,47%

In the business sphere, CaixaBank shareholders meet to vote on the merger with Bankia. This, after those of Bankia approved the operation this Tuesday.

Asia has experienced a session with a predominance of green numbers after Wall Street closed last day with mixed and moderate movements. American futures are trading at this time also with a mixed sign and very contained movements, and European futures are down a slight 0.10%.

Investors are still very aware of vaccines and plans to start vaccinating. British Prime Minister Boris Johnson reported Wednesday that the United Kingdom will immediately begin vaccinating its population after the regulator approved the Pfizer and BioNTech vaccine yesterday.

On the other hand, they continue to talk about the restrictions imposed by different countries for Christmas. In Spain, groups of 10 people of a maximum of two family units will be allowed and the perimeter of the Autonomous Communities will be closed between December 23 and January 6. In Germany the restrictions have been extended until January 4, 2021, as there has been no material progress in bringing the seven-day incidence closer to the 50 mark (currently around 130 per 100,000). In Italy, movement between regions is restricted from December 21 to January 6.

Regarding the technical aspect of the Ibex, this Wednesday it exceeded 8,200 points and is launched for that resistance of 8,375 points. "After some sessions of lateral movement it seems very likely that we could end up seeing an extension of the gains to the level of 8,375 points, maximum of the bearish gap that was left in March. Although we do not see the slightest sign of weakness, we must be very prudent since the index has revalued close to 30% in just over a month and the most normal thing is that we can see a correction of 10% that will fix the latest gains a bit ", says César Nuez, analyst at Bolsamanía y responsible for Trader Watch.