The Ibex goes over 8,000 again as the political transition takes shape in the US
IAG, Telefónica or Meliá are the titles that have risen the most this Tuesday
The Ibex and the rest of the European markets rose eagerly this Tuesday (+ 1% on average) as the political transition takes shape on the other side of the Atlantic. In a letter to President-elect Joe Biden, the head of the General Services Administration (GSA), Emily Murphy, announced that the Trump administration is ready to begin the formal transition process. The move comes after Democrats asked Murphy to testify in the House about her refusal to start the transition process. President Donald Trump said he asked "that Emily and her team do whatever is necessary regarding the initial protocols, and I have told my team to do the same."
IBEX 35
11.589,700
-
0,17%19,60
- Max: 11.617,50
- Min: 11.549,20
- Volume: -
- MM 200 : 11.038,52
In addition to this, the market celebrates the election by Biden of Janet Yellen, former president of the Federal Reserve (Fed), to fill the position of Secretary of the Treasury that Steven Mnuchin currently holds. According to US media reports, Yellen, 74, will hold this position, for her prestige and reputation.
Within the Ibex, the strong increases in IAG, Telefónica or Meliá stand out, exceeding 4%. On the downside, Solaria is left more than 2%.
For the rest, today people continue to talk about vaccines against Covid after AstraZeneca announced on Monday that the effectiveness of theirs is 70%. This percentage is below that of the Pfizer and Moderna vaccines. However, AstraZeneca's would be cheaper and easier to keep. "Although the results may be disappointing, the AstraZeneca vaccine has advantages: the price is much lower, the vaccine can be stored at higher temperatures, and the production capacity is much higher," Danske Bank analysts explain in their daily report. .
All in all, Europe advances positions while American futures add up 0.7%. Wall Street closed last day positive (Dow: + 1.12%; S&P: + 0.56%; Nasdaq: + 0.22%), while in Asia the green numbers have also dominated.
On the day's calendar, the publication of the German IFO stands out, which will provide more information on the magnitude of the impact of Covid on the German economy in the short term. For the rest, investors will also be pending the resumption of talks between the European Union (EU) and the United Kingdom to reach an agreement on Brexit.
Regarding the technical aspect of the Ibex, this Monday he again showed how much it is costing him to exceed 8,000 points, a level that he exceeds again at this time (8,070 points). "For the next few days we are still very aware that we can end up seeing an attack at the level of 8,375 points, the maximum of the downward gap left in January," says César Nuez, an analyst at Bolsamanía and head of Trader Watch.
