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The Ibex anticipates soft purchases after the promise of the Fed to maintain its stimulus



He IBEX 35 anticipates soft purchases following the Fed's promise to maintain its monetary stimulus for as long as necessary. The selective Spanish fell this Wednesday moderately, in what is being a week of consolidation, at levels close to 8,000 points. For its part, Wall street remains at record highs, led by Nasdaq, which has already advanced 41% so far this year.

At the business level, Bolsamanía publishes that BBVA customers will have to be more closely linked with the entity If they do not want to pay a commission that goes up to 100 euros per year.

On the other hand, Acerinox, Applus and Talgo They are the most attractive Spanish midcaps for JPMorgan.

Further, Sabadell will name new CEO to César González-Bueno, formerly of ING, to replace Jaime Guardiola, after the failed merger with BBVA. AND Josep Oliu will abandon his executive functions in the presidency when Guardiola leaves.

AND Repsol has reinforced Luis Cabra's position as second to Josu Jon Imaz, by appointing General Director of Technological Development, Resources and Sustainability to General Director of Energy Transition, Sustainability and Technology, as, attached to the CEO.


All this after the new appeal of Jerome powell, Chairman of the Fed, for the US Congress to approve a new fiscal and economic stimulus plan against the pandemic.

Republicans and Democrats They have been negotiating this new aid package for several months, but the presidential elections and the subsequent result have prevented an agreement between the two parties.

The problem for Powell is that the stimuli "are needed now", as stated very clearly this Thursday after the central bank's monetary policy meeting, which guaranteed the monthly purchases of $ 120 billion in government debt and mortgage bonds until "the economy progresses substantially." That is, until it is necessary.

"Tax aid is already needed because the next few months are going to be the hardest. With the arrival of the vaccine, we expect the economy to recover very strongly in the second semester and for people to return to work", he explained to make clear the need for Congress to act in the short term. Not surprisingly, the country registered a new negative record of 3,700 deaths in a single day; and the latest data (retail sales and PMIs) indicate a slowdown in the recovery.


On the day's agenda, the Bank of england and the Swiss National Bank they hold their monetary policy meetings. In addition, the November CPI in the euro zone and data from the American labor market.

On the other hand, negotiations continue in Brussels to try to reach an agreement with UK and avoid a hard Brexit.

By technical analysis, the Ibex "remains trading above 8,000 points, in what appears to be a lateral consolidation awaiting the appearance of a signal of strength ", says César Nuez, analyst at Bolsamanía. According to this expert, the bullish signal consists of the overcoming resistance of 8,322 points, highs in early December.

In other markets, the Brent oil rises 1.1% to $ 51.64, while the euro it appreciates 0.22% and changes to $ 1.2224. Besides, the ounce of gold it rises 0.8% to $ 1,873. Finally, the profitability of the 10-year Spanish bond it is trading at + 0.03%, after setting negative historical lows at -0.02%.

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