The Ibex will try to extend the rises despite the tension in the US increasing

The stocks of the Old Continent are going to continue this Tuesday, very attentive to the disturbances on the other side of the Atlantic resulting from the death of an African-American citizen at the hands of a policeman. Wall Street managed to finish green this Monday despite this situation. However, US President Donald Trump has raised the tension by stating that he will deploy military troops in the cities where those protests are taking place if state governors and local officials prove unable to contain the unrest. At the moment, European futures are up 0.6%.

"I am sending thousands upon thousands of heavily armed soldiers," Trump said Monday at the White House. "If a city or state refuses to take the necessary steps to defend the life and property of its residents, then I will deploy the United States Army and quicklysolve the problem," he added.

"Anarchy on the streets threatens recovery; investor optimism about the economic reopening in the US could decline," says Stephen Innes, head of global market strategy at AxiCorp.

"If American consumers are reluctant to come out of their 'cocoon' for Covid-19 out of fear of a new wave of infections, they are unlikely to feel safer with the military rolling down Pennsylvania Avenue," he said.

As for the rest, investors will be watching Spain's unemployment data for May today, which are expected to be very negative. In addition, the European Central Bank (ECB) will publish the allocation details of its Pandemic Emergency Purchase Program (PEPP).

In another order of things, the United Kingdom and the European Union (EU) have begun their fourth and final round of talks to reach a trade agreement. "EU demands remain the main obstacle and we continue to hope that no progress will occur before the important July 1 deadline, when the UK and the EU must decide whether to extend the transition period," experts from Danske Bank say.

Finally, in what has to do with the technical aspect of the Ibex, Bolsamanía experts consider that it could imminently cover the bearish gap that was left at 7,436 points in mid-March. "If I managed to exceed this price level, it is very likely that the rises would be extended to the level of 8,000 points, prices very close to the average of 200 sessions," says César Nuez, an analyst at Bolsamanía.