Banks take the Ibex 35 above 8,300 in its third green session

Telefónica presented its figures this Thursday. The operator has earned 1.5bn euros and has cut its dividend for 2021 to 0.30 euros per share from 0.40 euros in 2020. The cut in the dividend was already anticipated by Bolsamanía and its shares rose 0.6%.

In addition, banks are up very strongly and continue with their great recovery from recent sessions. Sabadell and BBVA are the most bullish, followed by Bankinter and Santander.

Other bullish stocks are Solaria, which has closed financing for a project; and Inditex, which is attracting investor interest in cyclical stocks.

For its part, eDreams has lost 69.6 million in the first nine months of its fiscal year, while DIA has reported annual losses of 363 million.

In addition, other companies such as ACS, Meliá, Ferrovial and OHL will present their accounts after the market close. On Friday, we will see results from Amadeus, Grifols, Acerinox or Sacyr, among others.

And several companies presented results on Wednesday, after the market close. Mediaset España earned 178.7 million euros in 2020, 15.6% less than in 2019. In addition, Indra lost 65 million in the previous year, but reduced its debt to a ten-year minimum.

For its part, Gestamp lost 71 million euros in 2020 due to the impact of the pandemic on its business; and Neinor Homes earned 70 million, 11% more, while NH Hotels lost 371 million in 2020 due to the closure of its hotels due to the coronavirus. Lastly, Realia's annual profit plunged 95% to 2.1 million.

POWELL CALM THE MARKETS

In the US, Wall Street closed with a 1% gain after commenting on Fed Chairman Jerome Powell that the US economy will take "three years" to recover from the pandemic and reach the goal of full employment and sustained inflation around 2 % that establishes the mandate of the central bank. His words once again managed to reassure investors.

In Asia, the session has been bullish, with notable increases in all the markets of the region; and American futures have mixed eaarnings, with losses on the Nasdaq.

On the economic agenda, consumer confidence in Germany and the area remains in negative territory, according to the latest published data. In the US, durable goods orders have exceeded forecasts in February and weekly unemployment data has been better than expected. Furthermore, the final estimate of GDP for the fourth quarter has been revised slightly upwards to 4.1%, in line with forecasts.

OTHER MARKETS AND TECHNICAL ANALYSIS

In other markets, Brent oil rose 0.2% to $ 67.19, continuing its bullish rally. In addition, the euro rises in value 0.12% and trades at 1.2178 dollars.

On the other hand, the profitability of the Spanish 10-year bond is trading at 0.38%, while bitcoin rises 2%, to $ 50,222; and an ounce of gold falls 0.1% to $ 1,796.

In terms of technical analysis, the Spanish selective is trying to overcome the resistance of 8,260 points. "Watch out for a close above this price level, as we could end up seeing an extension of the gains to the level of 8,439 points, annual highs in early January. The first support level could be placed at 8,000 points "says César Nuez, an analyst at Bolsamanía.