The Ibex, with contained rises and pending of the PMI at the end of a difficult week

Covid cases continue to rise around the world

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Bolsamania | 23 oct, 2020

Actualizado : 09:52

The Ibex rises slightly this Friday (+ 0.3%) at the end of a week full of doubts and uncertainty due to the increase in Covid-19 cases around the world. Among the selective, the increases of Meliá and Cellnex stand out (it has invested 800 million in an operation to enter Poland). On the downside are ArcelorMittal or Colonial.

Investors are on the lookout for manufacturing and service PMIs to be released in Europe and the US. In addition, they remain very attentive to the increase in coronavirus cases around the world. France has registered a new record: 41,000 new cases in a single day, which brings the total number of cases since the beginning of the epidemic to 999,043, while the number of deaths reaches 34,210, of which 165 in the last day.

French Prime Minister Jean Castex admitted this Thursday that "the situation is serious" and that the worsening pandemic leads them to extend the curfew to 38 other French departments from midnight Friday to Saturday, thereby there will be a total of 46 million people affected.

On the latest televised debate between Donald Trump and Joe Biden, experts say there won't be much change regardless of what may happen in the November 3 elections. "President Trump was, as usual, rowdy, while Democratic hopeful Joe Biden did not take a single wrong step. There were clashes over a number of issues, including the pandemic, personal finances, the national minimum wage. and healthcare, however, none of them managed to get what could be construed as a significant blow, "says Michael Hewson, chief analyst at CMC Markets in London.

Results will continue to be published today. Intel falls sharply in the 'after hours' after failing to meet expectations with its accounts. Revenue from the data center business, Intel's highest-margin business, fell 7% to $ 5.9 billion in the quarter. Analysts expected an average revenue of 6.21 billion, according to FactSet. In addition, also at the business level, it should be noted that today the boards of CaixaBank and Bankia meet to move forward with their merger.

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