The Ibex gets brave after overcoming a resistance, boosted by the optimism of the Russian vaccine
Profit-taking round in global stock markets
The announcement of the Russian vaccine, dubbed "Sputnik 5", caused strong movements in the markets on Tuesday, with a rise in the dollar and a sharp fall in gold prices, which lost 170 dollars an ounce at a stroke. Wall Street also fell prey to the profit-taking round that sent US 10-year bond yields up 0.65%. In Europe, on the other hand, stocks closed with gains, with the Ibex among those that rose the most. This Wednesday they are in negative territory and fall 0.2%.
The selective finished 3% up, but more importantly, it broke the key resistance of 7,123 points, the last decreasing high. "And it no longer has anything above 7,664 points," says José María Rodríguez, an analyst at Bolsamanía. If on Monday it was the banks, on Tuesday it was the tourism companies, despite the new Italian veto on travelers from Spain, which adds to the long list of nations that impose controls, quarantines or PCR on Spanish visitors.
At the business level, Fluidra stands out this Wednesday, which has bought the Brazilian company Ten Four, making the Spanish company the only company in the Brazilian market that offers both pool equipment and water care products. Likewise, there is talk of the Australian Berkeley Energia, which shot up more than 17% in the stock market this Tuesday after receiving the urban planning license (UL) from the Retortillo City Council for its uranium mine project in the town of the province of Salamanca .
In the macro section, the GDP of the United Kingdom has been known, which contracted by 20.4% in the second quarter of 2020 due to the lockdown affecting economic activity, according to preliminary figures published on Wednesday. Later, the data of the industrial production of the eurozone will be published.