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The Ibex (+ 1.42%) recovers positions and approaches 7,000 driven by banking


He IBEX 35 It has risen 1.42%, to 6,975 points, after marking an intraday low in the morning at 6,788 integers. The selective faces the month of August with the hangover from the intense week of business results and after falling 5% in the month of July by some business accounts that have noticed the effects of Covid-19.

The tourism sector is the one that suffers the most, after knowing the data on the arrival of foreign tourists to Spain, 97.7% plummeted in June. The hotelier Meliá has left 2.6% and IAG 1.4%.

On a positive note, the banking sector, severely punished in recent weeks, has rebounded, led by stocks such as Sabadell (+ 4.95%), CaixaBank (+ 4.67%), Bankia (+ 3.17%) and BBVA (+ 3.30%), than has signed an agreement with Google to offer digital accounts in the US.

In addition, this week the accounts of some company, such as Unicaja, which has earned 47.5% less from January to June, after allocating extraordinary provisions of 103 million for the Covid-19 and DIA, the number of which will be known on Thursday. Another leading bank has been Abancawhose president Juan Carlos Escotet, has ruled out the purchase of Liberbank.

At the international level, at dawn it was confessed to the HSBC market, the largest in Europe, that has earned 77% less in the first quarter, the entity reported today and has left 5% on the Hong Kong stock exchange. The accounts of Societe Generale, than recorded a net loss of 1,260 million euros in the second quarter of the year.

In Europe, the Dax has led the advances in the Old Continent after rising more than 2% in a session dominated by the same issues with which it said goodbye last month: the ravages of the pandemic in companies and the economy, the Political tensions between the US and China and the gold highs, which continue to stretch to almost $ 1,985, in a clear race to $ 2,000.

This Monday, we have learned that the Spanish manufacturing sector returned to expansion territory in July as business reopens continued after confinement. Also, Spain has asked the European Commission for access to the European instrument for the mitigation of unemployment risks, known as SURE, for an amount of more than 20,000 million euros to finance with community loans the support programs for workers, freelancers and companies

In other markets, Asian stocks have remained green this Monday, encouraged by the clear recovery of the Chinese economy, whose manufacturing purchasing managers index has exceeded expectations. He Caixin / Markit PMI It reached 52.8 in July, above expectations of a reading of 51.3 by economists in a Reuters poll. PMI readings above 50 signify expansion, while PMI readings below that indicate contraction.

Finally, the Brent oil rises 0.2% to $ 43.63, while the euro it depreciates 0.4% and changes to $ 1.1721. In addition, the profitability of Spanish 10-year bond rebounds slightly to 0.35% and the Spanish risk premium it remains at 87 points.

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