The Ibex falls sharply under pressure from energy companies, banks and Telefónica

Bitcoin soars to a new high, $50,000, and is the new protagonist of the session

Bolsamanía
Bolsamania | 09 feb, 2021 10:20 - Actualizado: 17:47
ep el ibex 35 se dispara un 32 al cierre animado por la banca y registra su mayor aumento en dos
Ricardo Rubio - Europa Press

The Ibex cuts positions this Tuesday, pressured by falls in all energy companies. Solaria falls 12.8%; Narturgy yields 3.5%; Acciona, 3.6%; Siemens Gamesa, 4%. Outside the Ibex, Solarpack fell 5% and Audax, 4.6%. In addition, banks and Telefónica are also descending with enthusiasm. The selective now falls by 1.5%, to 8,094 points. Investors are still watching the US and its stimulus plan, the evolution of the vaccination proccess, Elon Musk and the latest on bitcoin, as well as business results. Today it's Twitter's turn, among others.

IBEX 35
11.656,600
  • 0,39%44,90
  • Max: 11.674,00
  • Min: 11.520,90
  • Volume: -
  • MM 200 : 11.125,61
17:35 22/11/24

Technically, the Spanish index is far from the annual highs (8,439 points). Bolsamanía analysts recall that its first important support is at 7,663 points, a level that seems quite remote.

The agenda for this Tuesday is short of macro references, waiting for the US CPI for January to be published this Wednesday, probably the most important reference of a considerably quiet week in terms of macro data.

TESLA IS STILL IN THE FOCUS...

After this Monday Tesla was the protagonist for the purchase of 1.5bn dollars in bitcoin and for affirming that it will accept the 'crypto' to pay for its cars, today there is still talk of the company, which has published its sales in China.

The electric car maker's sales in China, which amounted to $ 6.66 billion last year, account for about a fifth (21%) of the company's total sales ($ 31.54 billion).

Thus, these have more than doubled compared to the previous year despite the coronavirus pandemic. In 2019, Tesla's sales in China reached $ 2.98 billion, just 12% of the total of $ 24.58 billion.

.... LIKE BITCOIN

And if Tesla and his CEO Elon Musk remain clearly in focus, so does bitcoin, which continues to hit all-time highs. The 'crypto' is taking center stage after registering new highs at $ 48,000. Right now it is up 6.5% ($ 46,460).

Ethereum has also set new all-time highs. Now it rises 2.51%, up to 1,757 dollars.

Analysts point to a very positive trigger for these very strong rises in bitcoin, the fact that Musk has elevated it to the category of perfectly 'usable' currency.

"Tesla's investment in bitcoin is yet another sign that 'crypto' is a currency and can be accepted as payment. There is nothing that is going to stop bitcoin from going higher. Next stop is 50,000 and then we head off towards 65,000 ", predicts Naeem Aslam, director of analysis at AvaTrade.

OTHER MARKETS: OIL IS KING

In other markets, the euro / dollar is trading at $ 1.2104, while oil tries to maintain its bullish streak. At this time, Brent is up 0.20% ($ 60.68) and West Texas is up 0.05% ($ 58.00).

Gold rose 0.57%, to $ 1,844.60, and silver rose in value 0.65% ($ 27.75).

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