The Ibex is currently moving away from the resistance of 8,000 points (-1.01%. 7,900), pressured by the falls of the banks, Repsol and Telefónica. However, the selective stays close enough to this level that it can be attacked again at any time. Wall Street experienced a day of notable declines this Wednesday (-1%) while in Asia the red numbers have also clearly predominated today.
- 11.430,000
- -0,33%
After Pfizer said a week ago that its vaccine is 90% effective, Moderna reported that its vaccine is 95% effective, which has led Pfizer itself to raise the effectiveness of its vaccine to 95% as well. The vaccine war is now in the open and its time for the pharmaceutical companies to give evidence of what they are achieving. The AstraZeneca vaccine elicits an effective response in all adults, the company reported Thursday.
Meanwhile, Wall Street fell back for the second day in a row after New York Mayor Bill de Blasio announced school closings in response to the surge in Covid-19 cases. "With death rates starting to rise again in Spain and Italy, and infection rates reaching a record high in Japan, this winter looks like it will be long and dark in the northern hemisphere," warn CMC Markets experts.
"With infection and hospitalization rates on the rise, and the risk that current closure restrictions will remain or be extended through 2021, the likelihood that any economic damage will become permanent will only increase. These risks must be offset. for the long-term benefits of a viable vaccine, which even if it is started next year, it could take up to two years to make a difference, "these analysts add.
This Thursday there is a European summit, a summit that was going to focus on Brexit and that, after the veto of Hungary and Poland of the budgets, will focus on the financial future of the European Union (EU). "European leaders will meet today in a video conference. (...) The meeting is likely to focus on breaking the latest deadlock in the EU budget and the approval of the recovery fund, after Hungary and Poland on Monday The ratification process will be halted due to concerns about the rule of law mechanism. We must also be attentive to comments about the lack of progress on Brexit, "Danske Bank experts say in their daily report.
At the business level, investors are waiting in Spain for Prisa, after several media have published that the businessman Blas Herrero has presented an offer for the group's outlet of between 150-200m, and in cash. The CNMV has suspended its listing.
Finally, regarding the technical aspect of the Ibex, if in the end it manages to regain those 8,000 points, the experts at Bolsamanía indicate that it is very likely that it will end up extending the increases to the level of 8,375 points, maximum of the bearish gap that was left in the month of March.
