The Ibex regains ground as it tries to overcome the fear of the Delta variant

The Ibex 35 recovers positions and rises 0.3%, to 8,805 points, after marking an intraday low at 8,696 integers. This, after the Spanish selective rose 1.46% last Friday, but lost another 1.46% in the accumulated weekly. Within the index, the rises in Solaria or Siemens Gamesa and the falls in Acerinox, IAG or ArcelorMittal stand out.

In the Continuous Market, two companies have collapsed. DIA shares are down 12% after alerting the supermarket chain to the danger that retail investors will not cover the second tranche of its capital increase.

In addition, Berkeley Energía has plummeted another 12% following the unfavorable report from the Nuclear Safety Council on its radioactive uranium mine in Salamanca.

LAGARDE'S ANNOUNCEMENT

On the other hand, Christine Lagarde has announced that the European Central Bank will change its orientation on the next policy measures at its next meeting to reflect its new strategy and show that it is serious about reactivating inflation.

In addition, these next five days will be marked by the publication of the CPI data in the US (Tuesday) and the euro area (Friday), by the business results that will be announced by the banks on the other side of the Atlantic and by the high-level meetings.

After the G20 finance ministers approved the global agreement on corporate tax this weekend, the euro zone finance ministers have announced that they are putting their proposal for a European digital tax on hold.

"This week is definitely packed with action. Investors need to stay tuned as earnings season will begin, and crucial June inflation readings will also be released on Tuesday (in the US). Similarly, Jerome is slated to Powell, Chairman of the Federal Reserve, testifies Wednesday and Thursday before Congress on semi-annual monetary policy. These events should help investors determine how the Fed will change its monetary policy in the coming months, "explains Naeem Aslam, chief analyst. from AvaTrade.

Aslam anticipates that "strong" numbers are expected for US companies filing their accounts this week, especially for banks. "Traders expect S&P 500 companies to increase their profits by nearly 65% ​​in the second quarter year-on-year, rebounding from the decline caused by the coronavirus pandemic. The projected increase in growth would be the highest since the fourth quarter of 2009 ", he points out.

For the rest, investors are still very aware of the evolution of the Delta variant of coronavirus in the world, a circumstance that caused significant falls in the stock markets last week. "The spread of the Delta spread weighed on risk sentiment last week.

However, a growing number of studies show that while vaccines are slightly less effective in preventing symptomatic Delta variant disease, they remain extremely high in efficacy against severe disease, "explain Danske Bank experts in its market report this Monday.

The Asian stock markets have experienced a clearly positive day after Wall Street ended last Friday with rises of between 1% and 1.30% and renewed its all-time highs on Monday. Chinese stocks also found support after the central bank cut banks' mandatory reserves to support growth.

OTHER MARKETS

The euro falls in value 0.1% and changes to 1.1861 dollars. Oil fell 1% to $ 74.98 for Brent and $ 73.85 for West Texas.

Gold falls 0.3 to $ 1,804; while silver advanced 0.2% to $ 26.29.

Bitcoin is down 1.4% to $ 33,441, and Ethereum is down 1.8% to $ 2,097.

The yield on the 10-year American bond rose to 1.366% and the yield on the 10-year Spanish bond fell to 0.337%.