The Ibex turns around and rebounds almost 200 points from its intraday lows

In the European market, the sharp falls of yesterday on Wall Street continue to kick. On the other side of the Atlantic, the liquidation of short positions by some 'hedge funds', affected by the very strong increases in companies such as GameStop or AMC, led to these important declines. However, the New York Stock Exchange anticipates a rebound, which has caused the upward turn in European stocks.

At a business level, Bankia is one of the positive protagonists, as its results have been well received by the market. Its president, José María Goirigolzarri, expects to close the merger with CaixaBank during the first quarter and eliminate the Bankia brand during the summer, to complete the technological integration of both entities in the fourth quarter.

In addition, banks have positively discounted the news that the ECB will allow them to distribute 15% of their 2020 profit as dividends. Tomorrow they will publish their CaixaBank and BBVA figures.

At the monetary level, the Federal Reserve (Fed) maintained its monetary policy unchanged on Thursday (interest rates at 0% / 0.25% and asset purchase program at $ 120 billion a month). The highlight of his statement is that he noted that "the pace of recovery of economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most intensely affected by the pandemic."

All this while the scuffle between the EU and AstraZeneca continues. Finally, yesterday there was a meeting between the parties to try to reach an agreement on the delays in the deliveries of the vaccines, a meeting that ended without agreement despite the constructive tone, as has been known. Pfizer, for its part, has announced that it will increase the supply of vaccines on February 15 after resuming shipments to the EU.

In the macro data calendar this Thursday, unemployment in Spain closed 2020 with a year-on-year rise of 16.5% and a decline in occupancy of 3.1%, in both cases, the worst annual data from the EPA since the year 2012.

For its part, the US GDP has risen 4% in the fourth quarter of 2020, less than the 4.3% anticipated by economists surveyed by Dow Jones. Additionally, weekly unemployment data has been better than expected, as initial jobless claims have risen to 847,000, down from the 875,000 anticipated.

Regarding the technical aspect of the Ibex, the experts of Bolsamanía warn that it could go for the support of 7,663 points after yesterday lost the lows of Monday and covered the bullish gap that was left at 7,789 points. "Its technical aspect is complicated for the short term and we do not rule out ending up seeing declines to the lows of the 21st which it presents at 7,663 points. We will not see a sign of strength again while it remains trading below 8,000 points ", explains César Nuez, analyst at Bolsamanía and head of Trader Watch.