The Ibex is encouraged after the weekly lethargy and a firm rise above 9,200

Investors are aware of Sabadell on the presentation day of the Strategic Plan

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Bolsamanía
Bolsamania | 28 may, 2021 09:24
ep archivo valores del ibex 35 en un panel del palacio de la bolsa a 21 de abril de 2021 en madrid
Óscar Cañas - Europa Press - Archivo

The week has been very calm in the stock market, which have been set on 'summer mode' and have decided not to move a tab until catalysts appear ... and at the moment there are very few. The Ibex rose 0.02% on Monday, 0.03% on Tuesday, fell 0.13% on Wednesday and 0.12% on Thursday. They have been days very stopped, although it seems that this Friday there is a little more activity. The Ibex now rises 0.6%, to 9,238 points. Within the Ibex, the increases in Aena, Merlin or Inditex and the falls in Amadeus or REE stand out.

IBEX 35
11.655,400
  • 0,17%19,50
  • Max: 11.672,50
  • Min: 11.611,30
  • Volume: -
  • MM 200 : 11.083,17
10:53 18/11/24

Wall Street experienced a session this Thursday also without scares, with increases of 0.4% in the Dow and 0.12% in the S&P, and minimum decreases of 0.01% in the Nasdaq. In Asia, the day has opted for the green numbers, with important rises (2% in the case of the Nikkei). There it highlights what JD Logistics, a subsidiary of JD.com, has done, which has shot up 18% in its debut on the Hong Kong stock exchange.

This Friday's agenda brings confidence indicators from the euro zone, the price index for personal consumption spending (PCE) in the US and the consumer confidence index from the University of Michigan.

In addition, investors will be aware of Banco Sabadell and its reaction on the stock market on the day it has presented its Strategic Plan. The entity's plans for 2023 focus on the Spanish market and improving profitability, with an ROTE forecast for 2023 above 6%. In addition, it rules out the sale of its subsidiaries in Mexico and the United Kingdom and foresees cost cuts with the goal of earning 670 million in 2023.

It should be noted, on the other hand, that today the European Medicines Agency (EMA) is going to announce whether it recommends the Pfizer-Biontech vaccine for children.

BIDEN DEFENDS ITS PLAN AND THE WORKERS

"The bottom line is this: Biden's economic plan is working." This is how blunt Joe Biden, president of the United States, has been in a speech at the Cuyahoga Community College in Cleveland (Ohio). "We have had record job creation, we are seeing record economic growth, we are creating a new paradigm. One that rewards work, the hard-working people of this nation, not just those at the top," he said.

Republicans and business groups say the improvement in federal unemployment benefits from Biden's US Rescue Plan, his main national achievement, is to blame for the "labor shortage" that has forced companies like McDonald's and Bank of America to increase its minimum hourly wage.

Biden has rejected this view of the economy: "As far as the economy we are building is concerned, raising wages is not a mistake, but a characteristic," he said.

The president renewed his call on Congress Thursday to raise the federal minimum wage to $ 15 an hour.

OTHER MARKETS

The euro trades at $ 1.2182. Oil rose 0.5% to $ 69.78 for Brent and $ 67.15 for West Texas.

Gold and silver fell moderately, to $ 1,894 the first and $ 27.82 the second.

Bitcoin fell 3.5% to $ 37,433, and Ethereum fell 3.5% to $ 2,666.

The yield on the 10-year American bond stands at 1.618%.

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