The European stock markets rise this Thursday (Ibex: + 1.08%. 7,305 points), driven by news related to the Covid-19 vaccine. According to these, the vaccine that Pfizer and BioNTech are developing shows potential. Thus, a human trial has resulted in the drug creating neutralizing antibodies.
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Asian stocks have risen this morning due to these reports, as investors in the region are closely following the growing tensions in Hong Kong after China's controversial national security law went into effect on Tuesday. Hong Kong police announced arrests on Wednesday. According to the latest information, the police have already arrested at least 370 people.
This Thursday, the main reference will be the June employment report for the US, which is brought forward one day because tomorrow is a holiday (Independence Day) on the other side of the Atlantic. This reference is known after, yesterday, the employment data of the consulting firm ADP reflected that 2.36 million private jobs were created in June, a lower figure than forecast by experts (3 million) and than that registered in the previous month (3.06 million). Today, weekly unemployment claims are also known there.
"The unemployment rate is expected to drop from 13.3% to 12.5%, however before we get too carried away, although these job increases are very welcome, further progress could be much more difficult given the Sharp increase in coronavirus infection rates that we are already seeing in several US states, which have had to close again or delay their reopening plans, "says Michael Hewson, director of analysis at CMC Markets.
As for the rest, today in Spain the unemployment for the month of June has been announced, which rises by 5,107 people. The euro zone will publish the unemployment rate for May.
Finally, regarding the technical aspect of the Spanish index, it remains trading "relatively close to the support of 7,062 points. At the moment we still do not see the slightest sign of strength in its price series. A close above the 7,600 points would be the signal that would make us think of an extension of earnings to the level of 8,000 points, prices where the average of 200 sessions is located, "says César Nuez, an analyst at Bolsamanía.
