The Ibex closes flat in a day of transition and little movement

The Ibex 35 has risen 0.02%, to 9,053.30 points, while the rest of the European stock markets have also traded without a defined trend, in a day of transition and little movement. Within the selective, the decreases in REE have stood out due to the negative rating from Deutsche Bank, and the falls of Ferrovialal Citi reiterate its sale rating. On the positive side, positive values were led by Meliá, PharmaMar and Bankinter. In the Continuous Market, Codere has exploded by merging Codere Online with a SPAC that will be listed on Wall Street; and Talgo has rebounded after publishing FundNews that it will receive a takeover bid from CAF at 6 euros per share in the coming months.

Wall Street closed this Monday with significant increases (Dow Jones: + 1.76%; S&P: + 1.4%; Nasdaq: + 0.79%) and in Asia the green numbers also dominated this morning. The Nikkei, which fell sharply yesterday, rebounded 3%.

"Powell's words are likely to support the view that the Fed is about to start considering withdrawing some of the unprecedented stimulus measures deployed during the pandemic," says Neil Wilson, chief analyst at Markets.com . "It's not all bad though, as the economy has consistently improved since the last Fed meeting. In addition to exceptional monetary and fiscal policy efforts, vaccines have provided significant support for the recovery. Employment and economic activity indicators have continued to improve and real GDP appears to be on track to grow at the fastest rate in the last ten years, "he adds.

MORE FALLS IN THE BITCOIN

Bitcoin is now up ($ 32,692, + 0.60%) after falling below $ 32,000 for the first time since June 8. The People's Bank of China has encouraged Alipay and other large institutions to take action against cryptocurrency trading. Numerous bitcoin mines in Sichuan were reportedly shut down after China ended cryptocurrency mining. Most bitcoin mines consume energy from coal, which has raised concerns about the possible environmental impact of the digital currency.

Against this, from Markets.com they highlight that investor confidence in cryptocurrencies is growing. "This is supported by institutional investors, who are working to diversify their product portfolios in order to provide their clients with access to bitcoin. Various surveys show that a growing number of hedge fund managers are willing to spend about 10 % of your portfolio to cryptocurrencies, "explains Wilson.

OTHER MARKETS

The euro is now trading at $ 1.19. Oil is trading quiet, with Brent at $ 75.21 and West Texas at $ 73.66.

Gold and silver are down slightly to $ 1,781 and $ 25.94.

Ethereum is trading virtually unchanged at $ 1,938.

The yield on the 10-year American bond stands at 1.489%.