The Ibex, calm and pending of the United States, the vaccine and the mergers

The European indices are trading flat and calm this Wednesday (Ibex: + 0.18%. 8,188 points). In the Spanish market, investors are watching Unicaja and Liberbank (the first rises 4% and the second falls 3%), which in the last session confirmed their merger and are offering more details about it today. They foresee annual cost savings of 192 million euros for the resulting entity and an increase in earnings per share of approximately 50% compared to market estimates for 2023. The exchange ratio has been set at one Unicaja share for each 27,705 Liberbank shares, which will lead to the former taking 59.5% of the capital and the latter 40.5%.