The Ibex and the rest of the European stock markets will continue showing weakness this Thursday (futures: + 0.2%) after the sharp falls of the last session after the bad forecasts of the International Monetary Fund (IMF). Investors will watch today for first quarter GDP and PCE in the United States. Across the Atlantic, weekly unemployment claims are also published today.
- 11.435,700
- -0,28%
Also, the minutes of the meeting of the European Central Bank (ECB) of June 4, when the body expanded the asset purchase program against the pandemic, were published today. "We will be on the lookout for what may be known about the economic outlook and political responses," experts at Danske Bank said. It should be recalled that it was the statements of Philip Lane, chief economist of the ECB, pointing out that a "V" shaped economic recovery should not be expected, which led to the sharp falls in the stock markets last session.
All in all, experts in Bolsamanía warn that the Ibex seems to have launched towards the support of 7,062 points after the sharp falls of 3.27% yesterday. "For the next few days, it is very likely that we could end up seeing an attack on the support of 7,062 points. If it were not able to hold on to this level of demand, it would most likely continue to indent until the lows of the bullish gap left last 26 May at 6,856 points, "says César Nuez, an expert in Bolsamanía and head of Trader Watch.
This Thursday, the Government will confirm the candidacy of the third vice-president and minister for Economic Affairs and Digital Transformation, Nadia Calviño, to preside over the Eurogroup. Calviño is the favorite for the job; to be victorious, she needs 10 supporting votes among the 19 ministers who make up the Eurogroup.
For the rest, it should be noted that gold is trading below the peak of $ 1,780 per ounce that it marked this Wednesday. As for oil, Brent remains stuck at $ 40 while West Texas is trading at $ 37.73, with contained falls of 0.7%.
