After a very positive last week, in which the European Central Bank (ECB) had a lot to do with the increases, in addition to the positive news from the United States (approval of the stimulus plan), this week central banks will be protagonists again. The Federal Reserve (Fed), the Bank of England and the Bank of Japan are meeting in the coming days and are likely to announce measures related to inflation and rising bond yields that are welcome.
It should be noted that the yield on the 10-year US bond is again above 1.6% (1.635%)
European futures come up 0.3% this Monday while Americans are trading flat. In Asia, the red numbers have predominated in the session.
Shares of Japanese tech giant Rakuten soared 20% on Monday following the company's announcement that plans to do a capital increase to raise $ 2.2 billion to better compete with its US rivals.
Rakuten said on Friday it will sell an 8.3% stake to the postal and banking giant. Japan Post, which will be the largest shareholder outside of the founding Mikitani family. The Chinese Internet Company Tencent will take a 3.6% stake, while US retailer Walmart will buy a 0.9% stake.
Rakuten has more than 70 businesses ranging from e-commerce, mobile network, video streaming, and financial technology. It has a market capitalization of about 1.79 trillion Japanese yen ($ 16.4 billion).
Hiroshi Mikitani, founder, president and CEO of Rakuten, told CNBC on Monday that his company is "growing very fast – even at this size – and we need more capital for growth".
THE IBEX, ON THE EDGE OF RESISTANCE
After soaring 4% last week, the Ibex is sticking to the resistance it has at 8,683 points.
"We will be very aware of the exceeding of this price level since we could end up seeing a spread of winnings up to the 9,000 point level", indicate the analysts of Bolsamanía.
Investors will continue to be very aware of the behavior of banks, Telefónica, Repsol … and the set of 'blue chips'. For the year as a whole, the best values of the Ibex are, right now, PharmaMar (+ 44%), IAG (+ 37%) and Repsol (+ 32%).
The euro is now trading at $ 1.1932. The euro holds up after the defeat suffered in Germany by Chancellor Angela Merkel's CDA in regional elections over the weekend. The Greens made big profits in Baden-Wuerttemberg, and they did well in the Rhineland too.
Oil rose 0.6%, to $ 69.63 for Brent and $ 66.04 for West Texas.
Gold advanced slightly (1,720 dollars) and silver also fell slightly (25.88 dollars).
Bitcoin corrects and is trading at $ 58,719, and Ethereum also falls, to $ 1,808.
We recall that this Monday there is a meeting of the Eurogroup, finance ministers of the euro zone, to assess the measures adopted to face the pandemic.