After rising 0.02% on Monday and 0.03% on Tuesday, the Ibex 35 ran out of gasoline (-0.13%; 9,196.90 points) and has fallen slightly from annual highs. The calm has settled in the stocks as they face the summer period and the catalysts are scarce. Within the selective, the rises in Repsol and Siemens Gamesa have stood out, although the falls in banks have weighed more, which are the worst behaved (Sabadell, CaixaBank, Bankinter, Santander ...) due to a sharp drop in the yield of the Spanish 10-year bond.
- 11.635,900
- 0,97%
This after the Italian representative in the executive of the European Central Bank (ECB), Fabio Panetta, has considered that there is currently no justification to reduce the pace of purchases covered by the emergency program against the pandemic (PEPP).
"From my point of view, the conditions we see today do not justify the reduction in the pace of purchases, and a discussion about the progressive elimination of the PEPP is still clearly premature," said the Italian in an interview with the Japanese newspaper 'Nikkei'.
The macro agenda for this Wednesday has only included consumer confidence in France, which has slightly exceeded forecasts.
While from a business point of view, investors are still wating in Spain for news from Indra (it has fallen slightly and accumulates a 13% drop in the week), which still does not know who will be its next president, or Iberdrola (-0.6 %), which has moved token and has announced that it puts its employees, including the president, at the disposal of the Justice to clarify the 'Villarejo case'.
In addition, in Spain a principle of agreement has been reached to extend the ERTE until the end of September, as has been leaked by the Government, which has convened an extraordinary Council of Ministers this Thursday for its approval.
THE IBEX REMAINS AT MAXIMUM YEARS ...
For its part, the Ibex maintains its good tone and remains close to annual highs. The analysts at Bolsamanía insist that everything is ready so that we can end up seeing an extension of the gains to the level of 9,500 points.
"A close above 9,241 points would be the signal that would confirm the continuation of the rises. Below, the first level of support is at 9,000 points, although the key support is at 8,800 points", explains César Nuez, analyst at Bolsamanía and head of Trader Watch.
... AND GOLD EXCEEDS 1,900
Gold has exceeded $ 1,900. At this time, the precious metal is advancing 0.5%, to $ 1,907. Silver, meanwhile, rose 0.35% to $ 28.15.
"We already commented that the gold bulls are in control of the price, and today we have seen those bulls destroy the 1,900 level, pushing gold to a four and a half month high," Naeem Aslam, director explains in his daily report. of AvaTrade analysis.
This rise in gold comes despite the fact that yesterday saw "a great improvement in the level of confidence of the US consumer, and most of the economic readings have been encouraging this week. Despite this, investors continue to believe that the Inflation continues to be the greatest threat, and there is no better hedge for inflation than gold, "adds this expert.
For the rest, there is an extraordinary meeting of the United Nations security council to deal with the Belarusian challenge. The journalist who was detained by Belarus this week after "hijacking" a Ryanair plane remains under arrest. In addition, also in the geopolitical field, it should be noted that Joe Biden and Vladimir Putin have agreed to meet for next June 16.
OTHER MARKETS
The euro appreciates 0.3% and trades at 1.2212 dollars. Oil is flat, with Brent at $ 68.74 and West Texas at $ 65.97.
Bitcoin reduces its rebound to 3% and is trading at $ 38,700, and Ethereum soars 7% to $ 2,728. China has shown its intention to continue its crackdown on bitcoin trading and other crypto-related activities. China's Inner Mongolia region has proposed penalties for companies and individuals involved in digital currency mining.
The yield on the 10-year American bond fell to 1.55% and the yield on the 10-year Spanish bond fell by 10% to 0.45%.
