The Ibex is trading flat and calm this Friday (+ 0.1%. 7,935 points), culminating in a positive week in which it has risen 2% (waiting to finish today) in the heat of the advances in vaccines against Covid-19. Throughout this week, Moderna has announced that its vaccine is 95% effective, Pfizer has raised its effectiveness to 95%, and AstraZeneca has reported that its vaccine elicits an effective immune response in all adults.
- 11.531,600
- 0,50%
This Friday we talk about the latest statements by Ursula von der Leyen, president of the European Commission, who has said that the European Medicines Agency has informed them that it could approve the Pfizer and Moderna vaccines in the second half of December.
The main epidemiologist of the White House, Anthony Fauci, has sent a message of reassurance stating that he would not hesitate to get the vaccine. "I can tell you that I myself would not hesitate when it is my turn to get that vaccine and recommend that my family do it as well," he said.
Continuing with the treatments against Covid, the WHO has recommended not to use Remdesivir for hospitalized patients with Covid because it has not demonstrated effectiveness.
Optimism has been installed in the market throughout the week, although it is true that it has been offset by the continuation of the rate of Covid infections around the world. The Ibex has experienced days of rises and falls, waiting to see how it decides to end this Friday.
Wall Street ended with slight increases in the past day while in Asia there has been a session with a predominance of green numbers. The Bank of China has kept rates, as expected, at 3.85%.
From a business point of view, in Spain people continue to talk about Prisa, which yesterday shot up more than 20% (today it falls 2%) after receiving an offer from Blas Herrero. Prisa's board of directors meets this Friday to analyze this unsolicited offer.
In the United States, it is news that the Secretary of the Treasury, Steve Mnuchin, has sent a letter to the Federal Reserve (Fed) in which he announces that he will allow some aid programs designed during the pandemic to expire at the end of the year since he considers that they have reached its goal. This decision means that the Fed would have to return more than $ 400 billion in unspent funds from the massive March pandemic aid package, so that Congress can reappropriate them to offer an economic stimulus.
As for the Brexit negotiations, the talks between the United Kingdom and the European Union have been suspended due to the coronavirus. There is still no agreement between the parties and there is less and less time to close one.
Finally, regarding the technical aspect of the Ibex, it continues trying to exceed those 8,000 points. "For the short term, we will continue to wait for a close above 8,000 points, which would make us think of an extension of the gains to the level of 8,375 points, the maximum of the downward gap left in March," he says César Nuez, analyst at Bolsamanía and head of Trader Watch.
