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The Ibex falters after worse than expected PMIs and loses 2% weekly


The Ibex and the rest of the European stock exchanges have been shown this Friday unable to bounce after being published Serbian and manufacturing PMIs in France, Germany and the euro zone were generally lower than expected. Specifically, the main Spanish selective has lost 0.16% and stands at 6,982 points. Thus, in the whole of the week it has accumulated a decline of 2.4%.

France's manufacturing PMI stood at 49 versus 53.7 expected, and the PMI services in 51.9 vs. 56.3 forecast. In Germany, the PMI services for August stood at 50.8 vs. 55.1 estimate, while the manufacturing PMI has come out better than estimated (53 compared to the estimate of 52.5). In the euro zone as a whole, the manufacturing PMI stood at 51.5 (compared to the estimate of 52.9); the services at 50.1 (54.5) and the composite PMI at 51.6 (54.9).

In the United States, the manufacturing PMI (53.6) and services (54.8) have also been known. In this, they have almost risen above the consensus estimate, which was 51.9 and 51, respectively. For their part, existing home sales in the US in July it was 5.86 million, compared to the 5.28 million expected.

For the rest, the focus remains on the tensions between USA and China, with the US Government refusing to acknowledge the claims of the Chinese Ministry of Commerce that negotiators from Washington and Beijing will return to the table to discuss the two countries 'phase one' trade deal in the coming days.


Finally, remember that Pfizer and BioNTech said yesterday that the vaccine for Covid-19 that they are jointly developing is on track to undergo a regulatory review as early as October. The news helped boost US stock markets.

In Spain, Bankinter has been fined 5.2 million euros by the Bank of Spain. This sanction is due to a serious infraction related to the protection of the financial client between January 1, 2015 and December 31, 2017, relative to the delivery of pre-contractual information, the calculation of the APR and the expenses passed on to the clients for management services.

Finally, in the commodities market, the barrel of brent, of reference in Europe, has traded with a fall of 2.67% at the close of the market in the 'Old Continent', to 43.70 dollars. Meanwhile, in the foreign exchange market, the euro has depreciated 0.66% and has changed 1.1781 dollars.

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