He IBEX 35 It has fallen 1.27%, to 7,403.50 points, after the strong gains on Thursday; and despite the fact that June service PMIs have risen sharply and exceeded forecasts. Especially good has been the data of Spain, whose PMI services it has soared from 27.9 in May to 50.2, indicating that activity has entered expansive territory. On the other hand, Wall street It is closed for the Independence Day holiday. During the week, the Spanish selective 3.1% has risen.
Banks pushed the stocks of the Old Continent on Thursday amid encouraging news about Covid-19 vaccines and better-than-expected US employment data. This Friday, banks have become protagonists again, as Barclays insists on mergers and he believes that, with the current scenario, the negotiations will accelerate in the autumn.
The English entity has just published another report in which, after carrying out a survey among investors, these they only saw "strategic sense" of a merger between Bankia and Sabadell. Despite these forecasts of corporate operations, the bank has registered a negative day along with other great values such as Telefónica (-2.79%) and Repsol (-2.74%). On the profit side, few values: CIE Automotive (+ 0.72%) and Endesa (+ 0.64%) have been the most bullish of the Ibex.
In the Continuous Market, the gains of 15% of PharmaMar, after giving a step forward to approve Aplidin as treatment against COVID-19 in South Korea. Another very bullish value has been biotechnology Oryzon Genomics (+ 13%)
Wall Street closed this Thursday finally with moderate increases before the rebound of the virus in Florida and despite the good employment data. Asia has ended the week also in green numbers. In China, PMI Caixin June services has reached its highest level in 10 years. Thus, it rose to 58.4 from 55.0 in May. The reading has far exceeded the mark of 50 that separates the expansion from the contraction and also the forecast, which was at 49.9.
In terms of monetary policy, the ECB It has been divided on the flexibility of debt purchases against the pandemic. Specifically, there is disagreement about the weight of the weakest economies in the Eurozone, like Italy, in central bank purchases, which the issuing institute raised to 1.35 trillion euros at the June meeting.
And in other markets, the Brent oil falls 1.1%, to $ 42.60, while the euro It appreciated 0.04% and was changed to $ 1.1243. In addition, the profitability of Spanish 10-year bond relaxes to 0.45% and the Spanish risk premium down to 88 points.
By technical analysis, the Ibex seems to have confirmed the turn from 7,062 points and now ForexNews.online analysts expect an attack on resistance from the 7,600 pointsalthough the key level is at 7,663 points. "It would be a good sign to exceed this level of supply, as it would make us think of an extension of earnings to the level of 8,000 points, prices where the average of 200 sessions is found, "experts from Bolsamanía point out.
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