The Ibex moves forward, with one eye on the PMIs and the other on the Chinese-US agreement

The Ibex rose this Tuesday (+ 0.6%. 7,389 points) after the falls of yesterday. Today, the main event will be the preliminary PMI services and manufacturing for June that will be published in the Old Continent and in the US. In Japan, the manufacturing PMI for June stood at 37.8 compared to the estimate of 36.9 and the previous data of 38.4.

On the other hand, investors are very aware of the comments coming from Peter Navarro, the controversial economic adviser to Donald Trump, who now denies having claimed that the trade agreement with China "is over."

White House trade adviser Peter Navarro has clarified that the first-phase trade agreement between the US and China has not ended, and that his comments to Fox News on the matter were taken out of context. President Donald Trump quickly confirmed on Twitter that the deal was "completely intact."

"My comments have been savagely taken out of context," Navarro said in a White House statement after Fox News said Monday that Navarro had claimed that Trump had decided to end the trade deal.

As for the rest, the president of Apple, Tim Cook, said this Monday in a virtual conference that Apple will begin to use its own chips for its Mac computers, ensuring that the first machines will be shipped this year and thus end the 15-year dependency on Intel in supplying processors for their computers.

Here in Spain, there is talk of Reig Jofre (+ 9%). According to 'Cinco Días', the company plans to produce 700 million doses of the Covid-19 vaccine. According to the University of Oxford, the vaccine against the virus could be ready in October.

As for the technical aspect of the Ibex, Bolsamanía experts point out that the Spanish index "continues to offer no signs of life." "The bearish gap that was left on the 11th of this month continues to be in force. This makes us very aware of the support of the 7,000 points. Be very careful since, if we abandon them, it is very likely that we could end up seeing a continuation of the declines to the level of 6,500 points. The key resistance of the Spanish selective is at 7,663 points. We will not see a sign of strength as long as it continues trading below this price level, "explains César Nuez, analysts at Bolsamanía and head of from Trader Watch.