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Tranquility in the European stock markets this Friday after the strong rises yesterday (Ibex: -0.15%. 7,488 points). The PMI services (especially those in Spain and Italy, experts say) and the absence of Wall Street, closed for the Independence Day holiday, will mark the end of a positive week for the Ibex, in which, depending of what happens today, it has risen more than 4%. Banks pushed the stocks of the Old Continent on Thursday amid encouraging news about Covid-19 vaccines and better-than-expected US employment data.

  • 11.659,200
  • 0,35%

The June employment report on the other side of the Atlantic left in the last session the creation of 4.8 million jobs in June compared to the 3.1 million anticipated by analysts. The unemployment rate fell to 11.2% from the expected decline to 12.5%.

Wall Street finally closed this Thursday with moderate increases due to the rebound of the virus in Florida and despite this good employment data. Asia has ended the week also in green numbers. In China, PMI Caixin June services has reached its highest level in 10 years. Thus, it rose to 58.4 from 55.0 in May. The reading has far exceeded the mark of 50 that separates the expansion from the contraction and also the forecast, which was at 49.9.

All in all, the Ibex has confirmed the turn in the support of 7,062 points and now Bolsamania analysts expect an attack on the resistance of 7,600 points, although the key level is at 7,663 points. "It would be a good sign to exceed this level of supply, since it would make us think of an extension of earnings to the level of 8,000 points, prices where the average of 200 sessions is found," experts from Bolsamanía point out.

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