Ibex waits calmly for 'Santa-Boris' to announce the Brexit agreement

Christmas Eve rhis year is looking on the busy side as the whole market is waiting for the British Prime Minister, Boris Johnson, to announce this morning his Brexit deal. The deal was reached once the differences, mainly over fishing, were settled last night. This Wednesday Johnson was expected to appear and finally did not happen, however, today it is expected that "Santa-Boris will arrive on time", as indicated by the Oanda experts in their daily report.

The deal will be something unexpected since investors were resigned to eating the grapes with Boris Johnson while hours and days passed without any real progress.

"The Santa-Boris announcement comes early this morning but will still leave the UK isolated internationally due to Covid-19, with thousands of trucks abandoned on either side of the English Channel and with more and more regions entering the tough level 4 lockdown. Christmas in the UK is starting to look like wartime shelling, "says Jeffrey Halley, Senior Analyst at Oanda.

Thus, the indices will be conditioned during the mid-session of this Thursday to what happens in the United Kingdom. Remember that today the stock exchanges of the Old Continent close at 2:00 p.m. (Germany, Italy or Greece, among others, do not open) and that Wall Street will only be open until 7:00 p.m. Spanish time.

For the moment, the indices are trading flat and calm (Ibex: + 0.2%. 8,089 points) while Asia has experienced a mixed day in which the falls in Alibaba, due to an antitrust investigation, have been in the focus. We also recall that the stocks of the Old Continent rose more than 1% in the past day due to the possibility of an agreement between the United Kingdom and the European Union (EU) and despite the announcement of the appearance of a second strain of the coronavirus in the country British, from South Africa, and apparently even more contagious.

As for the macro data calendar, obviously today it appears empty. Tomorrow Friday they close all the bags for Christmas.

Finally, regarding the technical aspect of the Ibex, the analysts at Bolsamanía indicate that, in the short term, we could end up seeing an attack at the level of 8,222 points after closing last day above 8,000 (8,073 points). "A close above these levels would be a sign of strength that would make us think about an extension of the gains," explains César Nuez, an expert at Bolsamanía. Below, the support that we will not lose sight of is at 7,663 points.