He IBEX 35 It has advanced 0.26% this Wednesday but has not been able to maintain the 7,100 points, a level that it has reached at some point in the session, after rebounding more than 1%. The selective has been driven by IAG, which has soared 10% for various news that affect its price. In addition to the capital increase that will be approved by the General Shareholders' Meeting on September 8, the intention is to close the alliance between Iberia and Air Europa this month. This Wednesday the OHL results (-4.08%), which has lost 38 million euros from January to June.
The construction company's red numbers are more than double the 15 million it lost in the same period a year earlier. The brothers' company Amodium highlights that its results for the first half of the year "are marked by the effects of the pandemic", which has had an impact of close to 130 million euros on sales.
Back on the Ibex, most stocks have closed green, especially those in the tourism sector. In addition to IAG, Meliá has increased by 8.3%, Amadeus has increased by 5%, and Arcelormittal by 5.7%, while BBVA and Telefónica have dropped more than 3%
However, despite the good tone, from the point of view of technical analysis, “the increases in our selective do not mean anything, just one rebound (reaction phase) after leaving 11% since it attacked for the second time and without success the resistance of 7,664 points: the daily bearish gap of the June 11 session, ”says José María Rodríguez, analyst at‘ Bolsamanía ’.
The great theme that runs through the markets are new highs for gold, which is trading at $ 2,023.52 after it reached $ 2,000 on Tuesday, the first goal of the bullish race that the precious metal has been leading for months and that has raised it by 33% so far this year. Analysts speak of the explosion in Beirut, which has left 73 dead this Tuesday And it has hurt thousands of people, as the catalyst for the latest raises and they are betting it will continue to $ 2,100 or $ 2,300 an ounce in the short term.
In this context, investors discount the macro data of this Wednesday, that have given some impulse to the community currency, since they suggest a recovery to two speeds. Thus, the activity of the private sector in the euro zone has accelerated in July Beyond preliminary expectations, reaching the highest rate of expansion since June 2018, as reflected in the composite purchasing managers index (PMI), which stood at 54.9 points from 48.5 the previous month, with a clear difference in the intensity of the rebound between the large central economies, France and Germany, and the peripherals, Italy and Spain.
Finally, the Brent oil rises 2.4% to $ 45.50, while the euro it appreciates 0.3% and changes to $ 1.1835. In addition, the profitability of the 10-year Spanish bond rises slightly to 0.30% and the Spanish risk premium drops to 83 points.
Although the king of the session is undoubtedly being the gold. The precious metal is appreciating at this time on Wednesday about 2% and is paid at approximately 2,050 dollars an ounce, a price that had not been seen before in history.
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