The Ibex falls 2% and loses 9,000 due to the sharp falls in the tourism sector

Sánchez has said that Spain will demand negative PCR or complete vaccine from the British tourists

Bolsamanía
Bolsamania | 28 jun, 2021 09:25 - Actualizado: 17:49
ep archivo   pantalla del ibex 35 con el grafico historico de la cotizacion del ibex en la sede de
Eduardo Parra - Europa Press - Archivo

Very close to the end of the month and the quarter, the Ibex 35 has led the losses in Europe (-1.99%; 8,913.70 points) due to the pressure of the values ​​of the tourism sector. The President of the Government, Pedro Sánchez, has said that Spain will demand negative PCR or complete vaccination from British tourists; and the sector has collapsed (Meliá, -6%; IAG, -6%; Amadeus: -4%).

IBEX 35
11.473,900
  • 0,33%38,20
  • Max: 11.485,70
  • Min: 11.446,20
  • Volume: -
  • MM 200 : 11.294,32
14:00 24/12/24

In addition, Aena (-3.6%) has also been penalized by the announcement of the CNMC, which has proposed to lower the airport operator's rates by 0.44% per year until 2026, which had planted a rise of 3.29% .

On the other hand, Acciona Energía has lowered its maximum valuation to 27.50 euros per share before going public next Thursday. Its previous maximum price had been set at 29.76 euros.

US EMPLOYMENT REPORT

This week there will be some relevant macro data, such as the employment report for June that will be released on Friday in the United States.

Wall Street registers mixed sign after the historical highs of the S&P 500, while Asia has experienced a day of predominance of red numbers and moderate movements this morning (the Hong Kong stock market has been suspended by a 'black storm')

Data released this Sunday by the National Bureau of Statistics of China showed that the profits of Chinese industrial companies increased by 36.4% in May compared to the previous year. This represents a slowdown compared to the year-on-year growth of 57% registered in April.

BEWARE OF THE 8,800

All in all, the Ibex loses 9,000 points and moves further away from the key resistance that it has increasingly distant, at 9,310 points.

"We will only see a continuation of the rises with the surpassing of this price level. Below, the support level is at 8,800 points", indicate the experts of Bolsamanía.

On the positive side of the Ibex, the increases Solaria, Siemens Gamesa and PharmaMar stand out today, although in all cases they are discrete increases.

TECHNOLOGY, IN FOCUS

This Monday the Mobile World Congress (MWC) has started in Barcelona, ​​with a hybrid format, in which face-to-face participation will be combined with the virtual one of the attendees.

The president of Telefónica, José María Álvarez-Pallete, has urged, within the framework of his participation in Congress, that "a new regulatory framework and competition rules be established to build a strong digital Europe". This claim proposes a necessary change to take full advantage of digitization, turned into a transformative lever capable of generating growth, quality employment, sustainability and inclusion, Álvarez-Pallete said.

“We have to react to seize the opportunity. To achieve this, Europe needs a sustainable telecommunications sector, otherwise we will fall further behind in the global race for digital leadership ”, said the head of Telefónica.

OTHER MARKETS

The euro falls in value 0.02% and trades at 1.1931 dollars. Oil fell about 1%, to $ 75.45 for Brent and $ 73.43 for West Texas, awaiting the OPEC + meeting next Thursday.

Gold and silver rose slightly, to 1,782 dollars the first and 26.20 dollars the second.

Bitcoin is up 5% to $ 34,150. This, despite the fact that the United Kingdom has prohibited the Binance cryptocurrency platform from operating in the country. Ethereum is up even higher (+ 13%), to $ 2,071.

The yield on the 10-year American bond stands at 1.517% and the yield on the 10-year Spanish bond relaxes to 0.44%.

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