The Ibex reaches 8,700 and marks annual maximums driven by Santander and BBVA

After several weeks of indecision, the Ibex 35 has rebounded 1.14%, to 8,711.40 points; and has set (albeit by the minimum) a new intraday annual maximum of 8,741.40 points, driven by Meliá Hotels and Indra, but above all by Santander and BBVA, benefiting from a rebound in the yield of the Spanish 10-year bond, up to 0.41%.

Investors face a week in which the results season in Spain begins (with the accounts of Enagás, on Tuesday, and Bankinter, on Thursday) and in which there will be a meeting of rates of the European Central Bank (ECB).

In Asia the green numbers have predominated this morning. Japan's exports in March increased by 16.1% compared to the previous year. This figure is much higher than the 11.6% increase that economists expected. Imports, for their part, rose 5.7% (compared to the expected 4.7%).

On the corporate front, Reuters has reported that Jack Ma, the billionaire founder of Ant Group, could renounce his stake in the company and relinquish control. However, the company has said that this is "false and without foundation."

In addition to Spanish companies, ten Dow Jones companies will report their figures this week, along with 72 S&P companies. Coca-Cola has gained more than expected this Monday, although Wall Street reaps profits after the all-time highs on Friday.

DECISIONS ON J&J, TUESDAY AND FRIDAY

Dr. Anthony Fauci, senior adviser at the White House on the pandemic, hopes that this coming Friday a decision will be made on Johnson & Johnson's vaccine against Covid-19. Although the European Medicines Agency (EMA in English) plans to publish a scientific recommendation this Tuesday on the same vaccine, which in Europe is marketed under the brand name Janssen.

THE SUPERLEAGUE IS BORN ... AND THE JUVENTUS IS FIRED

Although the news of the day has been that twelve European clubs, including Real Madrid, FC Barcelona and Atlético de Madrid, have announced early this Monday the foundation of a Super League, which will be made up of a total of 20 teams , willing to have talks with UEFA and FIFA, who have shown their total opposition to this initiative.

AC Milan, Arsenal FC, Atlético de Madrid, Chelsea FC, FC Barcelona, ​​FC Internazionale Milano, Juventus FC, Liverpool FC, Manchester City, Manchester United, Real Madrid CF and Tottenham Hotspur have joined as Founding Clubs. Three more clubs will be invited to join before the inaugural season which begins "as soon as possible".

Two of these clubs - Juventus and Manchester - are publicly traded. The Italian is shooting up 13% at this time and Manchester, 6%. The first analysis indicate that it is "a ploy to obtain more money from the future Champions League, which is held this week."

TECHNICAL ANALYSIS AND OTHER MARKETS

"The Ibex is caressing the annual highs (8,740), after resting in recent days on the straight support that joins the rising lows of late January, mid-March and last week.

If the next control zone is surpassed, we will find the Ibex at 9,000 points. Besides being a round and psychological number, it is a real resistance. This is another bearish gap that was filled (but not closed) corresponding to the February 24 session.

And above and of greater relevance we have the main bearish guideline, the one that joins each and every one of the successive decreasing maximums since the end of 2007 and that currently passes through the area of ​​approximately 9,600 points ", says José María Rodríguez , an analyst at Bolsamanía.

In other markets, the euro rises in value 0.37% and trades at $ 1.2027. Oil fell slightly, to $ 66.62 for Brent and $ 63.08 for West Texas, respectively.

Gold is down 0.2% ($ 1,775), as is silver ($ 25.91).

Bitcoin is trading at $ 56,413 (+ 1%) after plummeting 15% on Sunday; and Ethereum at $ 2,215 (+ 1%).

The yield on the 10-year American bond stands at 1.566%.