He IBEX 35 it is still trading in the red at this time (-0.2%. 8,237 points), pressured by falls in banks or Inditex, while the rest of European stock markets rise slightly. The futures of Wall street anticipate gains after leaking the speech of Janet yellen, future Secretary of the Treasury appearing this afternoon in the Senate.
At the business level, they have published results Goldman sachs and Bank of America (Netflix will do it at closing). In the case of Goldman, has beaten forecasts in the fourth quarter, while Bank of America you have been disappointed with your income.
Returning to Yellen, he will have to convince the most skeptical cohort of US lawmakers that Biden's new tax plan will not cause an unsustainable increase in the US national debt.
"This is the main concern of the most fiscally conservative American legislators, and Janet Yellen will have to use all your political skills to convince that it is necessary at least in the short term"adds Michael Hewson, analyst at CMC Markets.
"Neither the president-elect nor I are proposing this aid package without taking into account the country's debt burden. But right now, with interest rates at record lows, the smartest thing we can do is act big", he will affirm in the opening statement prepared for his hearing, according to Reuters.
On the other side of the Atlantic, it is also news that the Government of Joe Biden has communicated that "there is no intention" to lift the restrictions imposed by the Covid-19 crisis upon arrival of flights from Europe and Brazil, despite the fact that Donald Trump announced hours before the end of this measure from January 26.
On Tuesday's agenda, the main macro data was the ZEW January Germany. The economic sentiment has remained at 61.8, above 55 the previous month and the forecast of 60.
In addition, in the political arena, investors will be vigilant about Italy. After Guiseppe Conte received the support of Congress yesterday, today it is the turn of the Senate, where it does not have a majority.
Regarding the technical aspect of the Ibex, the selective remains "subject" in the vicinity of the 8,200 point support. If it were to leave this price level we could end up seeing an attack at the 8,000 point level, while we will only see a sign of strength again with the breakout of the 8,439 resistance.
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