The European stock markets take a breather this Tuesday (Ibex: -0.7%. 7,500 points) after the increases of yesterday. This, while the Chinese indices continue advancing with desire after the strong revaluations of this Monday. Within the Ibex, just three values rise at this time, while among the worst are banks and Meliá Hotels.
- 11.674,800
- 0,33%
Beijing has not reported any new Covid-19 infections for the first time in a month. Meanwhile, in Australia, the state of Victoria is considering a four-week shutdown statewide as the number of new infections continues to rise. 191 new cases were seen yesterday.
The Reserve Bank of Australia kept rates unchanged at 0.25% at its monetary policy meeting this morning. The agency has stressed that it will not increase rates until the CPI remains on target and moves towards full employment.
In the United States, non-manufacturing ISM surprised on Monday and rebounded to 57.1, suggesting that the recovery in the service sector was underway in June. However, the service sector is not yet out of the woods, as the resurgence of Covid cases in the great states of Florida, Texas and California may have hurt consumption and service activity in July.
As for the technical aspect of the Ibex, the week began by attacking the resistance of 7,600 points, prices that came to exceed throughout this Monday. At the close, however, it ended up shaping a figure of indecision that could make us think of some declines with the aim of covering the bullish gap that was left yesterday at 7,400 points, indicates César Nuez, analyst at Bolsamanía and head of Trader Watch. "We would only see a sign of strength with the overcoming of the resistance of 7,663 points, maximums of the bearish gap left on June 11. The overcoming of these prices would make us think of an extension of earnings to the level of 8,000 points, "he adds.
Finally, it should be noted that Germany's industrial production for May registered a monthly increase of 7.8% compared to the estimate of + 10% and the -17.5% fall of the previous month. Also, remember that this Tuesday the European Commission presents its economic forecasts.
