The Ibex remains in the area of annual highs in a day of low earnings

It should be remembered that this Tuesday normality returns to the market of the Old Continent, which yesterday was more 'asleep' due to the closing of the German Dax in a national bank holiday. This Tuesday, the German index has once again marked a new all-time high above 15,500 points.

Meanwhile, Wall Street rises very moderately after ending this Monday with a notable revaluation. And the advances have also been imposed in Asia.

Investors have not taken into account the release of the Ifo business climate index in Germany, which rose significantly to 99.2 points in May, according to data released Tuesday by the Institute for Economic Research at the Ludwig Maximilians University in Munich. The data has been above the expectations of the experts, who expected an increase to 98 points.

The Ifo Expectations Index, which indicates companies' projections for the next six months, improved steadily to 102.9 points in May from the previous month's 99.5 reading and better than market expectations of 101.4. In addition, Germany has also released its GDP for the first quarter (it fell by 1.8%, in line with expectations).

In the US, the Case Shiller house price index registered a 13.3% year-on-year rise through March, above the 11.7% anticipated by the consensus. The March rise is the highest since December 2005 and is also one of the highest in the index's 30-year history. In addition, the American consumer confidence, prepared by The Conference Board, was slightly lower than expected in May.

The market is also closely following the entire crisis with Belarus, after the country decided to "hijack" a Ryanair plane to arrest an activist. The European Union (EU) has finally announced that it will impose sanctions on the country.

The European summit continues today. In addition to these sanctions on Biolorussia, the European Commission has been asked to report on how relations are with Russia, a country that maintains strong ties with Biolorussia.

In this sense, the White House has announced that Joe Biden will meet with his Russian counterpart, Vladimir Putin, on June 16 in Geneva, Switzerland.

DOWNSTREAMING INFLATION

Officials of the Federal Reserve (Fed) again downplayed the rise in inflation on Monday, noting that it is something temporary.

Governor Lael Brainard said she has yet to see long-term inflation expectations rise substantially and that if they did, the Federal Reserve has the tools to deal with it.

Atlanta Fed Chairman Raphael Bostic commented that higher price levels do not appear to be "long-lasting."

Yields on US bonds have fallen to two-week lows following these statements. They are now at 1,606%.

"WE THINK IT WILL CONTINUE WITH THE BULL CLIMB"

The experts of Bolsamania believe that the Ibex "will continue with the upward climb" and insist that, for the moment, they do not appreciate "even the slightest sign of weakness."

Thus, they consider that for the next few days the most normal thing is that we can end up seeing an extension of the gains up to the level of 9,500 points.

OTHER MARKETS

The euro appreciates 0.3% and is now trading at $ 1.2253. Oil is down slightly, with Brent at $ 68.15 and West Texas at $ 65.70.

Gold and silver are also quite stagnant. The first is trading at $ 1,883 an ounce and the second at $ 27.70.

Bitcoin is trading at $ 37,300 (-4%) and Ethereum at $ 2,495 (-3.6%).