The Ibex and the rest of European squares have fallen with desire this Friday after the president of the European Commission, Ursula von der Leyen, said that a no-deal break with the UK is the most likely option. The selective has yielded 1.46% and has managed to save 8,000 points. Within the Spanish index, the strong decreases in Acciona (-3.81%) after the departure of the Entrecanales Marsans family. IAG (-4.26%), Telefónica (-3.01%), Repsol (-1.90%) and the banks have also yielded eagerly.
The bad news from last session is that the index closed below the lows of the last four days, which might make you think in an attack on the 8,000 point supportThe experts from Bolsamanía warned first thing in the morning. "Even if it lost this price level, its technical prospects would not be complicated. The key support is in the 7,835 points, prices are still very far away, "explains César Nuez, analyst at Bolsamanía and head of Trader Watch.
Overcoming the pitfall of European budgets, after the leaders have been able to reach an agreement with Hungary and Poland, the focus is absolutely on Brexit, especially in the face of bad omens. Boris Johnson, British Prime Minister, warned this Thursday of the possibility of leaving the Union without any agreement since the negotiations are not being favorable. We recall that the deadline for reaching a pact was extended until Sunday.
It should be noted that the Governor of the Bank of England, Andrew Bailey, has stated on more than one occasion that a no-deal exit it would cause more damage to the UK economy than the coronavirus pandemic.
Attention is also focused on banks given the possibility that the European Central Bank (ECB) extend the veto on the payment of the dividend, something that caused these to fall in the past day and that continues to pressure today. The Bank of England, for its part, appears to lift the temporary ban on payment to shareholders, but has indicated that the dividends distributed for all of 2020 must be capped.
All in all, Europe gives way in the weekly closing after Wall Street ended yesterday with a mixed sign and moderate movements and Asia has also experienced a session of diverse movements. It should be noted that the weekly unemployment claims figures published this Thursday in the US showed a "surprising" rise to 853,000experts say, well above expectations of 725,000. "This increases the prospects that the US economy begins to see an acceleration of economic weakness, as the lack of a new stimulus agreement begins to act as an anchor around the ankle of the economic recovery since April. Meanwhile, coronavirus cases in the United States have continued to rise, "experts from CMC Marktes highlight.
Otherwise, US FDA is about to approve Pfizer and BioNTech vaccine after the meeting held last day, in which the committee of experts analyzed in depth the results of the investigation presented by the two companies.
On the day's calendar highlights the November CPI for Spain. In the US, the consumer index from the University of Michigan for December has been released.
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