ep valores de la bolsa de madrid espana a 16 de noviembre de 2020 el ibex 35 subia un 2 en torno a
Eduardo Parra - Europa Press

The Ibex 35 advances eagerly by 1.8%, up to 7,939 points, while investors are still awaiting news related to business results (in Spain Liberbank and Unicaja published this morning) and with the evolution of vaccination around the world. The green numbers were clearly predominant, with the tourism sector (Aena and IAG) and banks (Sabadell, Santander, BBVA) among those that increased the most within the Spanish selective.

IBEX 35

  • 11.432,900
  • -0,30%

The EuroStoxx Banks index rises more than 3% and is the main driver of earnings on European stocks. We recall that Santander publishes this Wednesday its results for the fourth quarter and for the whole of 2020, with a focus on the dividend that it will be able to pay based on its annual profit.

Within the Continuous Market, the very strong gains of Grenergy, Solarpack and Soltec have been highlighted, which have skyrocketed on the stock market due to investor appetite in renewable energies, considered one of the most important investment topics for 2021.

On the other hand, 'Reddit-mania' remains in the spotlight, making headlines. The young investors are now focused on silver, which briefly surpassed $ 30 an ounce this Monday to now drop to $ 27. Although the retail revolt has lost steam, as both silver and other stocks such as Gamestop have fallen with a lot of strength in the session.

Oanda experts warn that the Reddit investors do not have it as easy with money as they have with GameStop. "Everything suggests that the retail herd may be heading for a Waterloo moment with silver-mania. The Reddit army is screaming 'pump and pump,' but reality will say 'pump and dump.' In that case, it's likely that Reddit bleeds, "they warn.

ECONOMIC DATA

This Tuesday's calendar has included several relevant macro data. In Spain, the unemployment in January has stood out (it rises by 76,216 people), while in the Euro Zone the GDP for 2020 has been published (it fell by 6.8% after a contraction of 0.7% in the fourth quarter).

On the other hand, it should be noted that the Australian Federal Reserve has left interest rates unchanged at 0.10%, as expected. The RBA has pledged to purchase another AU $ 100 billion of government and state bonds once the current program has ended in January.

TECHNICAL ANALYSIS AND OTHER MARKETS

Regarding the technical aspect of the Ibex, the selective has its first support at 7,663 points and its first resistance at 8,000, levels that it is attacking this Tuesday. "We will not see the slightest sign of optimism again as long as it remains trading below these prices," explained the experts at Bolsamanía.

In other markets, Brent oil rebounded 2.4% to $ 57.72, while the euro fell in value 0.28% and changed to $ 1.2025. In addition, the yield on the 10-year Spanish bond rises slightly to 0.11%.

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