The Ibex recovers the 8,200 six sessions later thanks to tourism and banks

One of the most bearish values ​​of the Ibex has been Solaria, which continues with its collapse and is already sinking 40% from its highs at the beginning of the year. Another very bearish value is Siemens Gamesa (-4.07%), followed by Acciona (-2.12%). In Continuo, other renewable stocks such as Soltec (-4.79%), Grenergy (-4.89%) and Solarpack (-3.52%) have also fallen sharply.

In addition, Abengoa is the protagonist after having requested the voluntary bankruptcy on Monday, as it was unable to complete its restructuring.

On the positive side, Bankinter rebounds more than 6% in anticipation of its CEO, María Dolores Dancausa, who hopes to list its insurance subsidiary Línea Directa before the April Shareholders' Meeting. His earnings have 'infected' the rest of bank values.

In the business results chapter, Enagás has improved its 2020 profit by 5%, to 444 million euros, although its revenues and EBITDA have dropped 5% due to lower gas demand, due to the pandemic.

For its part, Metrovacesa has lost 163 million euros in 2020 due to the fall in value of its assets. And Applus has earned 118.4 million in 2020, 40% less than in 2019.

Internationally, the HSBC bank has earned 3.2 billion euros in 2020, 35% less than in 2019.

BUSINESS RESULTS AND ECONOMIC DATA

Regarding the results, one of the main protagonists will be Telefónica, which will present its figures on Thursday with the focus on a possible cut in its dividend, together with ACS, Meliá or Ferrovial. The operator made the news because it has sold 60% of its fiber subsidiary in Chile to KKR for 500 million euros.

Wednesday will be another very important day, with the accounts of Iberdrola, Endesa, Indra, Aena. In addition, on Friday we will see the results of Amadeus, Grifols, Acerinox or Sacyr, among others.

Economically, the unemployment rate in the United Kingdom has risen to 5.1% from 5%. In addition, the February CPI for the euro zone rose 0.2% in February, to 0.9% year-on-year. New home sales in the US are yet to be released.

In Asia, a session of moderate earnings despite the strong falls that the Nasdaq registered on Monday on Wall Street. The technology selective fell almost 2.5%, due to the market's rotation towards more cyclical values. Good proof of this is that the Dow Jones closed slightly higher and the S&P 500 fell 0.7%. Wall Street was anticipating a rebound early in the morning, but has turned lower, again weighed down by technology.

In the United States, another of the great references of the day will be the appearance of Jerome Powell in Congress to explain the progress of the economy. Investors want to know what the Fed chairman thinks about rising inflation, something the central bank has already anticipated but which is worrying some experts.

In other markets, Brent oil rises 0.9%, to $ 65.82, and has already accumulated a 28% rise so far this year. In addition, the euro falls in value by 0.02% and changes to $ 1.2152.

On the other hand, the profitability of the 10-year Spanish bond advanced to 0.35%, while bitcoin fell sharply by 11%, to $ 48,040; and the ounce of gold yields 0.1%, up to 1,805 dollars.

And by technical analysis, "we will only see a sign of strength in the Ibex again with the overcoming of the resistance of 8,260 points, the highest so far in February," says César Nuez, an analyst at Bolsamanía. Exceeding this level would push it to the highs at the beginning of the year, at 8,440 points.