Bearish close for an Ibex that loses the 9,000 weighed down by Iberdrola and Telefónica

The Ibex 35 has fallen 1.10%, to 8,954.10 points, and has closed at the lows of the day. This in a day in which the manufacturing and services flash PMIs for June in Europe were known, which in general have exceeded forecasts and have shown solid economic growth.

The leading value has been Iberdrola, which has fallen by 3.5% after the judge in the Villarejo case indicted its president, Ignacio Sánchez Galán, for hiring the controversial commissioner.

FundNews has also published that the power company has lost its appeal to foreign investors after the government's latest hack of the sector's remuneration.

In addition, Telefónica has fallen more than 2% after reiterating JP Morgan its advice to underweight the operator, with a valuation of 3.30 euros per share, due to "intense competitive pressure in Spain".

On the other hand, the CEO of Banco Sabadell, César González-Bueno, has reiterated that the bank's management team has the mandate to continue alone, which rules out a possible corporate transaction with BBVA.

Regarding banks, the vice president of the European Central Bank (ECB), Luis de Guindos, has said that the complete elimination of the ban on the banking dividend "will come sooner or later as soon as a normalization of the economy takes place."

Outside of the selective, it is worth talking about Aedas Homes, which has confirmed conversations to buy Áurea Homes, the promoter of the Navarrese group ACR. In addition, the most bearish values ​​of the day have been Codere and Prisa.

JAPAN AND THE UNITED STATES

In Japan, the manufacturing PMI was above the expansion level (51.5), while the services PMI was at 47.2. Furthermore, the minutes of the Bank of Japan's April monetary policy meeting have shown that members agree that stimulus measures, especially in advanced economies, could lead to a recovery rate "faster than expected "for Japan and other countries.

In the market, the appearance of Jerome Powell, president of the Federal Reserve (Fed), still reassures investors by maintaining an 'accommodative' tone and reiterating that the rise in inflation is temporary and that they will not raise rates of interest in a preventive way.

USA WILL NOT MEET GOALS

The White House has expressed concern about the low rate of vaccination among young Americans, especially between 18 and 25 years old, and has admitted that it will be very difficult to reach the goal of President Joe Biden, who hopes that by July 4, 70 % of adults count on at least one dose.

Despite the notable progress achieved, with more than 65% of adults already inoculated with at least one of the doses of the available sera, the health authorities highlight as one of the great challenges the need to encourage vaccination among the youngest.

At the geopolitical level, geopolitical tensions between China and the United States return. China on Wednesday condemned the behavior of the US, which it has referred to as the greatest "creator of risks" for the security of the region, after a US warship returned to cross the sensitive sea lane that separates Taiwan and China, Reuters reports.

THE IBEX CONTINUES FIGHTING FOR THE 9,000

The Ibex continues to fight to stay above 9,000 points. Bolsamanía experts insist that its technical aspect is "good."

"Everything seems to indicate that we could end up seeing a return to the annual highs drawn a few sessions ago at 9,310 points. Below, the first support is at 8,800 points. Be careful with the abandonment of this price level since we could end seeing an extension of the falls to the level of 8,400 points ", explains César Nuez, analyst at Bolsamanía and head of Trader Watch.

OTHER MARKETS

The euro rises in value 0.14% and trades at 1.1954 dollars. Oil rises more than 1% and marks the highest since 2019, to $ 75.76 for Brent and $ 73.87 for West Texas.

Gold and silver advance positions, up to 1,782 dollars and 26 dollars, respectively.

Bitcoin is up 6% to $ 33,912 after briefly losing the big $ 30,000 support yesterday, and Ethereum is up another 6% to $ 2,031.

The yield on the 10-year American bond stands at 1.473% and the yield on the 10-year Spanish bond falls to 0.44%.