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The Ibex falls 1.8% and moves away from the 8,000 points penalized by banks


The IBEX 35 has lost 1.82%, to 7,752.30 points, penalized by the strong setbacks in banks, since the European banking sector is down 3.6%. Within the selective, the falls in IAG, Repsol, Melía and BBVA. Although after turning down this Monday before playing the 8,000 pointsAnalysts consider a stop on the road normal after a 25% rebound in just three weeks.

For its part, Wall Street collects profits after the rally in recent weeks, although the Nasdaq continues to rise after setting a new record this Monday about 10,000 points. The strength of technology sector It continues to lead the historic recovery in US equities since the March lows.

The revaluations on Wall Street took place despite the fact that Peter Navarro, the controversial adviser to Donald Trump and who considers himself the architect of the trade war, claimed that China is trying to get US vaccines through theft of intellectual property.

The adviser warned that the Chinese authorities could try to use the pandemic as a way to expand its strategic and economic influence on the world stage. Navarro also added that the US Government You need to be better prepared in case of a second wave of Covid-19 infections.

In Europe, the Eurozone GDP It has shown a contraction of 3.6% in the first quarter, the largest in its history, although the figure was slightly below the anticipated 3.8%. Economists expect the economy contract further in the second quarter, although at the same time they anticipate a strong rebound already from the month of June and, above all, in the third trimester.

Following this reference, the euro appreciates 0.63% and changes to $ 1,1362, highs since mid-March. For its part, the profitability of Spanish 10-year bond It rebounds to 0.63% and the risk premium increases to 91 points.

On the other hand, Mário Centeno he has resigned as Portugal's finance minister and has automatically resigned as president of the Eurogroup. And one of those interested in that presidency is the Spanish Minister of Economy, Nadia Calviño, at a particularly relevant moment, in which the approval of the Recovery Fund against the Covid-19 pandemic.

In the raw materials market, the Brent oil It falls slightly 0.3% to $ 40.67 after the rally in recent weeks. Finally, the ounce of gold up 1% to $ 1,723.

And in what has to do with the technical aspect of the Ibex, it should be underlined that the index it has increased by 25% in the last three weeks, so it falls within the normality that take a breather around 8,000 points, according to Bolsamanía analysts.


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