An Ibex tries to establish itself at 7,000 while banks continue to weigh it down

The Ibex tries to recover positions this Wednesday (+ 0.6%. 7,000 points) after a session on Tuesday in which it opened with increases of 1% and closed with falls of 0.2%. The selective continues to be immersed in an "impeccable deep downward trend", as highlighted by the experts at Bolsamanía, building decreasing highs and lows, and thus it is very difficult to climb. The great values, in addition, are "horrible", add these analysts, with Telefónica or Santander showing a very negative technical aspect. Today it is the banks that stand out among the securities that do the worst.

If this Tuesday it was the turn of the PMI in Europe and the CPI and the unemployment rate in the euro zone, this Wednesday investors will be attentive to the employment report of the ADP consultancy on the other side of the Atlantic, which can be considered the 'a warm up' for the August employment report released there this Friday.

"The ADP employment report is expected to show that 950,000 jobs were added last month, which would be a big improvement over the 167,000 created in July," anticipates David Madden, an analyst at CMC Markets in London.

Here in Spain the August strike is published. Experts say that we must also be attentive to what Williams, of the Fed, or the governor of the Bank of England, Andrew Bailey, who will testify before the Treasury Selection Committee say.

All this, after Wall Street closed with rises of 0.7% in Dow Jones and S&P and more than 1% in the Nasdaq. Asia has been through a mixed day, with Australia falling into its first recession in almost 30 years. The data showed that the Australian economy contracted 7% in the second quarter, after having fallen 0.3% in the previous quarter.

Finally, it should be noted that, at the business level, the Swiss control body FINMA, the country's financial markets supervisory authority, announced this Wednesday that it has initiated an enforcement procedure against Credit Suisse for the espionage matter that came out to light last year.