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The Ibex will try to consolidate the increases in one day of the ECB and banks

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Fourth trading day of the week, it seems will start with increases of around 0.5% in the squares of the Old Continent. This, after yesterday the indices closed positively on both sides of the Atlantic and that in Asia the green numbers have also dominated this morning. The Ibex rose 1% on Monday, fell 2.9% on Tuesday and rose again 0.7% this Wednesday. Volatility has clearly increased compared to recent weeks and today we will have to see if the ups and downs continue hand in hand with the ECB and the results of the banks, which are released in Spain with Bankinter.

NO CHANGES OR EXCESSIVE NEWS

Analysts agree that the debate within the Governing Council of the ECB this Thursday will be calm. However, the risks are in what is silent rather than in what is said, which will increase speculation and nervousness in the face of reduced stimuli. Experts agree, almost unanimously, that it will be manifested two months from now.

"Market operators do not expect any kind of fireworks at this event, and the balance of risks will most likely not change when the president of the European Central Bank, Christine Lagarde, speaks today, "explains Naeem Aslam, chief analyst at AvaTrade.

"The bank will likely not have a full assessment of the pace of asset purchases until the summer. Therefore, at this meeting, we hope that it will not make any decisions. As for Christine Lagarde, it may just be a chit-chat exercise", Add.

THE IBEX GETS SUBJECT TO THE 8,400

The Ibex managed to hold this Wednesday in the vicinity of the support of 8,400 points, prices where it presented an upward gap that was left on March 26.

"Despite the declines on Tuesday, the bullish bias of the Spanish selective is maintained. We will continue to be very aware of a close above 8,740 points, annual highs. This would be a very good sign that would confirm the continuation of the increases to the level of 9,000 points ", point out the experts from Bolsamanía.

The agenda for this Thursday brings the weekly requests for unemployment benefits in the US and consumer confidence in the euro zone for April. In the business field, Credit Suisse has presented results, with losses of 228 million euros in the first quarter in the middle of the Archegos fund scandal.

OTHER MARKETS

The euro is exchanged at $ 1.2031. Oil is down 0.3%, to $ 65.10 for Brent and $ 61.11 for West Texas.

Gold and silver are flat at $ 1,793 and $ 26.55, respectively.

Bitcoin is down 2.4% ($ 54,225) and Ethereum is flat ($ 2,439).

The yield on the 10-year American bond falls to 1.535%.

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