The Ibex 35 closes flat (-0.07%, 8,854 points) with its eyes on the Fed and Villarejo

"Now the first resistance level is at 8,968 points. We will not see a sign of strength as long as it remains trading below this price level," say the analysts of this medium.

Within the Spanish index, the increases in Solaria, Sabadell and Acciona stood out, as well as the falls in IAG, ACS and Siemens Gamesa. One of the most outstanding news at this time on Wednesday is that the Anti-Corruption Prosecutor's Office has asked to impute Iberdrola Renovables, CaixaBank and Repsol for the Villarejo case. None of these companies has moved dramatically after knowing this information.

The agenda for this Wednesday brings as a highlight the minutes of the last meeting of the Federal Reserve (Fed). Across the Atlantic, indices also lost positions on Tuesday, with the S&P ending its seven-day winning streak. Today investors have also learned about the economic forecasts of the European Commission, which has improved the growth estimates for Spain to 6.2% in 2021.

"Today's main release is the FOMC minutes from the June meeting, in which the Fed was more aggressive than anticipated. Still, we doubt the minutes are a major market driver as we have heard a lot of individual FOMC members since the meeting, "Danske Bank experts say in their daily report.

THE WHITE HOUSE, AGAIN MAKING PEACE IN THE OPEC

Joe Biden's government has held talks with Saudi Arabia, the United Arab Emirates and other OPEC members to facilitate an agreement on oil production. While waiting for it, oil has cut from the $ 77 that Brent was trading at yesterday. Thus, it now stands at $ 75.42 (+ 1.2%), while West Texas is at $ 74.39 (+ 1.39%).

US officials have engaged with the relevant parties to facilitate a solution "to advance the proposed production increases," according to a White House spokesman.

'FINANCIAL TIMES' PUTS SPAIN IN FOCUS

'Financial Times' today brings to its cover the complicated situation in Spain due to Covid and the Delta variant. According to the British newspaper, the increase in infections among the youngest and unvaccinated have catapulted the rate of coronavirus in our country to the highest level in continental Europe.

Infection rates in Spain have skyrocketed over the past week, outpacing both Portugal and Russia, with a seven-day rate that has nearly tripled, from 58 cases per 100,000 on June 29 to 156 on Tuesday. reports the newspaper. Spain is still slightly behind Portugal in the 14-day rate, most used in the EU, it adds.

OTHER MARKETS

The euro trades at $ 1,182. Gold and silver rose notably to $ 1,804 and $ 26.41, respectively.

Bitcoin advanced 2.3% to $ 34,733 and Ethereum 2.3% to $ 2,374.

The yield on the 10-year American bond falls to 1.35%.