The Ibex lost positions this Thursday (-0.5%. 8,118 points) while Wall Street is closed for Thanksgiving. Within the selective, the falls in Repsol (-3.52%) stand out after presenting the details of its strategic plan. IAG, Meliá and banks also fell sharply, while Grifols and PharmaMar led on the positive side.
- 11.953,200
- 1,36%
In the macro sphere, few references after there was an avalanche of them in the US yesterday. GDP fell 2.7% in the third quarter on the other side of the Atlantic, one tenth better than expected. In turn, weekly jobless claims rose for the first time in two consecutive weeks since last July, and continue to worry the US.
In Europe, the minutes of the last monetary policy meeting are published today. "They can add a bit more color to the internal ECB discussions on instruments and policy direction, although comments made at the last meeting have clearly indicated that the PEPP (the Covid-19 Emergency Purchase Program ) and liquidity operations (TLTRO) seem the preferred options, "explain analysts at Danske Bank.
The minutes of the last meeting of the Federal Reserve (Fed), meanwhile, did not reveal many news this Wednesday. "The Fed is not going to raise rates in the near future, but changes are likely to be seen in its QE program. The answer is what, but unfortunately the minutes did not send a clear signal," adds Danske.
Asia has seen a bullish day. Chinese President Xi Jinping has finally congratulated Joe Biden on his election victory. The United States and China "must pledge not to seek conflict or confrontation, to mutual respect and a spirit of cooperation" to promote the "noble cause" of world peace and development, Xi said in his telegram.
For the rest, the news about Brexit continues. Experts say that although this week is relevant, a deal may not be finalized until next week. "Our base case is still a deal, but we will be more concerned if it doesn't come next week either. The EU summit on December 10-11 appears to be the last meeting where EU leaders can approve a deal, so both the EU and the UK have a very limited time to make a decision," said Danske Bank.
Finally, from a technical point of view, the Ibex continues with the resistance of 8,375 points in focus. "Although the selective accumulates gains of 26% so far this month, it seems that we could end up seeing an extension of the gains. The upside objective is those 8,375 points, maximum of the bearish gap that will be left in the month of March" , explains César Nuez, analyst at Bolsamanía and head of Trader Watch.
