The Ibex rises 6.3% in the first quarter after rising 4.3% in March

In the short term, Bolsamanía experts point out that the Ibex shows a "very good" technical aspect that could take it to the annual highs, at 8,740 points. "If it manages to surpass these prices, we could end up seeing an extension of the gains until the level of the 9,000 points", explain the analysts of Bolsamanía.

Within the index, the increases in Siemens Gamesa (+ 6%) stand out, after announcing a large contract with the German power company REW; and Cellnex (+ 5%), which has adjusted its price to its mega capital increase of 7bn euros.

On the negative side, investors have reaped benefits in the banking sector and the tourism sector after their good performance in recent weeks.

A "DECENT" QUARTER

"It is worth reflecting on the fact that it has been a fairly decent period for equity markets, despite closures across Europe and the UK and despite uneven progress in implementing vaccines, with England standing out and the rest of Europe suffering from various problems, "explains Michael Hewson, chief analyst at CMC Markets in London.

"Despite the divergent progress between Europe and the UK (in vaccination), it is the European markets that have performed better, although this could change if Europe does not get the batteries in the second quarter," warns Hewson.

ATTENTION TO EMPLOYMENT IN THE USA

The US ADP employment report showed the creation of 517,000 jobs in March, further evidence of a booming US economy, reflecting the significant rise in US consumer confidence in March.

Pantheon Macroeconomics, anticipates that the American economy will create "more than a million jobs" in April as tourist activity recovers, a figure that will be even "higher" in the months "of May and June".

This Wednesday, the last revision of the GDP of the fourth quarter in the United Kingdom was also known, which has confirmed the recovery of the British economy (it advanced by 1.3%). Furthermore, Germany's unemployment rate was unchanged, while the unemployed fell. For its part, the CPI for the euro zone stood at 1.3% in March.

In China, the latest Chinese PMIs have shown that the Asian economy is expanding at a good pace, particularly in services, which have shown a jump to 56.3.

On the other hand, in the US today will also be a relevant day in the field of fiscal stimuli, with Joe Biden presenting his infrastructure and decarbonization plan (between 2 and 4 trillion dollars), which would suppose a new boost to the American GDP, which recently it has already been revised upwards by around 2 percentage points thanks to the 1.9 trillion fiscal stimulus package.

In other markets, the S&P 500 has marked a new all-time high on Wall Street near 4,000 points, led this day by the rebound in the technology sector. In addition, Brent oil fell 0.3% to $ 63.93, while the euro rose in value 0.2% and traded at $ 1.1735. Lastly, the yield on the 10-year Spanish bond fell to 0.33%.