The Ibex 35 has risen very slightly by 0.02%, to 8,915.10 points, after falling yesterday 2%, approaching the support of 8,800 points. Within the index, the rises in Siemens Gamesa, PharmaMar, Solaria and steel companies stood out, and the falls in Amadeus, Meliá, Aena or IAG. The values of the tourism sector, which yesterday were the architects of the bad behavior of the selective, have continued to do it badly due to fear of the spread of the Delta variant of Covid-19.
- 11.450,100
- -0,15%
On the business scene, Iberdrola has sued ACS for unfair competition in a new chapter in the open war between the two companies and their presidents, Ignacio Sánchez Galán and Florentino Pérez.
In addition, CaixaBank has experienced another day of strike on the last day of the negotiations between the entity and the unions to reach an agreement on the ERE, which has not yet taken place despite the bank offering early retirements from the age of 52 .
On the other hand, Acciona's decision to lower the maximum price of Acciona Energía before its launch on the stock market this Thursday continues to kick in, while, on a technological level, and in the scope of the Mobile World Congress, the protagonist is Elon Musk, CEO of Tesla, who will participate in the event with a telematic appearance.
Regarding the macro, the preliminary CPI for June in Spain has dropped one tenth and stood at 2.6%; while the German CPI has relaxed to 2.1% in the interannual rate.
On the other hand, retail sales in Spain have moderated their growth in May, although they have risen by 18.8%. Confidence indicators for June have been published in the euro area.
CONCERN ABOUT THE DELTA VARIANT
The Delta variant of the coronavirus has the markets worried. The rise of this variant in Europe and Asia is causing the application of new restrictions, both for vaccinated and unvaccinated travelers.
German Chancellor Angela Merkel wants to ban all UK travelers from entering the EU due to the increase in cases of the Delta variant. Although this opinion is not shared by all of Europe, other countries are also imposing measures. Spain has announced that it will require complete vaccination or negative PCR from British tourists.
Portugal is also imposing certain measures regarding visitors, just as the European summer holiday season begins to be in full swing. All this, warns Michael Hewson, director of analysis at CMC Markets, "threatens another setback in the summer season for businesses in southern Europe, who expected to have something similar to a tourist season."
"Unfortunately, it is not just a European problem, as the Delta variant is starting to spread across Asia as well. In Australia, Sydney has implemented a two-week total shutdown due to the increase in Delta cases. With such a small population vaccinated, this is very likely to continue and the borders are unlikely to reopen quickly, "Hewson emphasizes.
OTHER MARKETS
The euro falls in value 0.16% and trades at 1.1906 dollars. Oil is up about 0.5%, to $ 75.15 for Brent and $ 73.36 for West Texas.
Gold and silver fell more than 1%, to 1,756 dollars the first and 25.78 dollars the second.
Bitcoin is up 5% to $ 36,317, and Ethereum is up 5% to $ 2,228.
The yield on the 10-year American bond increased slightly to 1.482% and the yield on the 10-year Spanish bond increased to 0.45%.
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