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The Ibex remains above 8,200 as Wall Street returns to normal


Wall Street is trading normally again today after last day's holiday and It seems that the week will start with notable increases. For now, US futures are up 0.6% on average. In Europe the advances are much warmer, with the Ibex trading flat at this time (8,213 points). Asia has seen major revaluations this morning, although many of the stock exchanges are still closed there for the Lunar New Year holiday. Today investors will be awaiting the publication of the ZEW for February in Germany and GDP and employment in the Euro Zone.

"(US) futures are up this morning, with notable gains across all indices. Asian stocks are very lively, with the Nikkei leading the way. Global stocks post a 13-day winning streak, the longest since 2003. Encouraging vaccine news, accommodative economic policies and better-than-expected earnings have contributed to the rise, "Danske Bank experts explain in their daily report.

Regarding the macro data, CMC Markets indicates that "today we have the latest confirmation that the Eurozone could suffer a double recession when the fourth quarter GDP figures are released this morning, with a contraction of 0.7%. Although we still don't have much of an idea what to expect for the first quarter of this year, unlikely to be much better given the various closure restrictions that have been applied in France, Germany and the rest of Europe since the beginning of the year", Explain.

"These figures would also confirm that the eurozone economy contracted by 5.1% in 2020, and employment is expected to fall 2.3%," he adds.


The Ibex finally closed this Monday above 8,200 points and very close to its first resistance, at 8,260 points.

"Watch for a close above this price level as we could end up seeing an extension of earnings to the key level of 8,439 points, the highest for the year. The first level of support is at the lows of the bullish gap that was left this Monday at 8,055 points, "says César Nuez, analyst at Bolsamanía and head of Trader Watch.

The selective starts well the week after a last week of falls that placed it at the bottom of the European stock markets. Today the values ​​that increase the most are Solaria (+ 1.90%) or Siemens Gamesa (+ 1.5%) and BBVA stand out among those that fell the most (-1.66%).


In other markets, the euro is trading at $ 1.2135 at this time. For its part, oil continues to gain positions, with rises of 0.25% for Brent (63.46 dollars) and increases of 1.04% for West Texas (60.09 dollars).

Gold is down 0.10% ($ 1,821) and silver is up 1.3%, to $ 27.69.

As for cryptocurrencies, the bitcoin It rises 0.8% to $ 49,043, and Ethereum is down 1.89% to $ 1,796.

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