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Soft fall for the Ibex weighed down by Inditex and pending from the bank


He IBEX 35 falls 0.45% in the mid-session, to 8,102 points, after close this Monday with gains close to 1%, at 8,140 points (although in the best moments of the day it reached over 8,200 integers). The extension of the negotiations to avoid a hard Brexit sent European stock markets bouncing, although the advance of the coronavirus pandemic it curbed investor optimism.

To the restrictions imposed by Germany until January 10, the confinement announced by Netherlands until January 19, which indicates the seriousness of the situation, despite the fact that in Spain the general situation is a little more positive (although the infections have picked up again).

In the United States, Electoral College he has certified this morning to Joe Biden as president, after rejecting the Supreme Court the demands of Donald trump, who has yet to acknowledge his defeat. Also, Republicans and Democrats they continue to negotiate a new economic stimulus program without success.

Wall Street closed with a mixed sign (Dow Jones -0.62%; S&P 500 -0.44%; Nasdaq + 0.50%), since the fear of new closures due to the significant increase in cases in the US outweighed the start of the vaccination campaign.

In Spain, investors have negatively discounted the Inditex results and are pending the decision of the European regulator on the bank dividends, scheduled for this Tuesday.

The Zara's parent company falls 2% despite the fact that it has earned 866 million euros in its third fiscal quarter and after having risen 4% on Monday. The company has confirmed that mobility restrictions imposed in various markets "have affected" sales in their physical stores.

He supervisory board of the European Central Bank (ECB), composed of officials appointed by the ECB and the main national banking regulators, decide whether to lift the ban on banks to distribute dividends and how it gets up. JPMorgan anticipates "stricter restrictions" and a slow return on dividends for Spanish and European banks.


Today they have been published relevant data in China. The November industrial production it rose 7%, in line with forecasts; and the retail sales for the same month they rose 5%, compared to the 5.2% expected. Asian stocks have declined moderately.

At the monetary level, this Wednesday the last meetings of the year of the Federal Reserve (Fed) and Bank of England (BoE). For the Fed, experts from Bank of America do not expect adjustments in asset purchase parameters. "The focus of the meeting will be the tone used by the US central bankas we expect it to leave asset purchases and rates unchanged. We believe that neither the economic nor financial conditions are serious enough to justify an additional relaxation of the policy at this time, "they indicate from the firm.

And on the economic scene, also on Wednesday there will be PMI manufacturing and services in Europe and the Thursday the CPI of the euro zone will be known. On Friday, the climax will be the 'quadruple hour witch', the quarterly maturity of options and futures on stocks and indices.

In other markets, the Brent oil rises 0.1% to $ 50.02, while the euro it appreciates 0.06% and changes to $ 1.2150. Besides, the ounce of gold up 0.8% to $ 1,847. Finally, the profitability of the 10-year Spanish bond it is trading at negative historical lows of -0.01%.

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