After oscillating between slight rises and slight falls for a good part of the morning, the Ibex and the rest of the European markets are clearly opting for steep falls (Ibex: -1.41% 7,852 points). The trigger has been new negative news about vaccines. According to Bloomberg, AstraZeneca has withdrawn from the meeting it was supposed to hold today with the EU to resolve tensions regarding the issue of delays in deliveries. This supposes the escalation in the open war between both parties in which both one side and the other have adopted considerably belligerent positions.
- 11.656,600
- 0,39%
The business results also focus the attention of investors this Wednesday after Microsoft published last night some results that the market liked. Revenue was up 17% thanks to the cloud business. Today Apple, Tesla and Facebook, among others, publish results.
"With Apple and Facebook numbers just around the corner, Microsoft appears to have set the right tone, beating expectations for the second quarter, with a 17% increase in revenue, driven by its cloud business, which posted revenue growth of 23% year-over-year. This superior performance brought quarterly sales to over $ 40 billion for the first time, to $ 43 billion, while profit was $ 15.5 billion, up from $ 40 billion. 33% ", CMC Markets analysts explain in their daily report.
The focus of attention this Wednesday, aside from the latest technological benefits, will be in Washington, and not just because US politicians are trying to agree on a new stimulus plan. It is also the Federal Reserve's first rates meeting of 2021, and the focus is likely to be on the tone adopted by the FOMC committee and whether the differences that are being aired between some committee members translate into a message that is unified regarding US monetary policy for the immediate future.
Earlier this month, Atlanta Federal Reserve Chairman Raphael Bostic, who is a voting member this year, broke with the message that had calmed markets late last year, according to which rates of US interest will likely remain near zero until at least 2023, suggesting that we could see a reduction in monthly asset purchases of $ 120 billion in the second half of this year, and a rate hike before the end of 2022 .
For the rest, the Davos Economic Forum continues today and they continue to talk about the IMF forecasts, which has revised up its estimate of the world economy in 2021 by 0.3 percentage points, to 5.5%.
As for the technical aspect of the Ibex, the selective has the first key resistance at 8,122 points, maximum of the bearish gap that was left last Friday. Below, it is very important that it does not end up losing the support of 7,663 points.
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