He IBEX 35 anticipates soft gains and continues to offer good short-term sentiment after overcoming resistance last Friday. Although this consolidating levels in the last days and the coronavirus pandemic remains uncontrolled, investors are still looking for positive catalysts, such as new stimuli what do you plan to announce Joe biden this Thursday.
At the business level, Telephone continues to be a protagonist after selling its telecommunications towers to ATC for € 7 billion and go up almost 10% last session.
On the evolution of Covid-19, several European countries such as Portugal, France, Germany and the United Kingdom have applied strong restrictions, while in Spain several communities have also done so, as the cumulative incidence is rising rapidly.
Wall street closed a day with hardly any movement (Dow Jones -0.03%; S&P 500 + 0.23%; Nasdaq + 0.43%) while the House of Representatives approved the second impeachment against Trump.
American futures anticipate soft gains in anticipation of Joe biden announce a new stimulus plan that may be worth a few 2 trillion dollars, although analysts anticipate that the final figure that Congress approves at first will range between 600,000 and 900,000 million dollars.
On the economic agenda, the China's exports and imports in December, which have exceeded the forecasts. Exports rebounded 18.1%, above the 15% expected; and imports 6.5%, compared to the 5% anticipated.
The Germany GDP and labor data in the US. Further, Jerome powellChairman of the Fed will give a talk at Princeton University starting at 6:30 p.m. Spanish time.
At a strategic level, "very attentive if a increase in inflation expectations it is transferred to the yields of the bonds, because the markets are expensive and they are supported by the low rates ", as it has warned Tressis looking forward to 2021. "There can be very important volatility peaks", said José Miguel Maté, CEO of the management company.
Further, Goldman sachs has anticipated that bags will "take a breather" in the short term. That's how blunt the bank's chief economist has been, Jan Hatzius. The correction of which the expert alerts would occur after the highs recorded by Wall Street last week.
By technical analysis, the Ibex "continues to consolidate levels after overcome key resistance at 8,322 points. Its technical aspect is good, since the selective is shaping a bullish continuation figure, "he says. Cesar Nuez, an analyst at Bolsamanía.
"For the next days", adds this expert, "everything seems to indicate that We could end up seeing an extension of earnings to the 9,000 point level. The first level of support is in the 8,200 points. As long as it remains trading above this price level we will not appreciate even the slightest sign of weakness in its price series. "
In other markets, the Brent oil rises 0.1% to $ 56.63, while the euro it depreciates 0.23% and changes to $ 1.2178. In addition, the profitability of the 10-year Spanish bond it is trading at 0.1%.
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