The Ibex loses 8,600 points due to slight pressure from Inditex and Cellnex

Activity data in the services sector has exceeded forecasts

Bolsamanía
Bolsamania | 07 abr, 2021 09:34 - Actualizado: 17:59
ep valores del ibex 35
Eduardo Parra - Europa Press

The Ibex 35 has fallen 0.43%, to 8,597.40 points, pressured by Inditex (-1.65%) and in a transition day marked by the news about the AstraZeneca vaccine. The European Medicines Agency has confirmed that cases of thrombosis are "a side effect" of this vaccine, although it has continued to recommend its use. The European Health Ministers are meeting urgently this afternoon to try to give a coordinated response to this matter (in Spain, Castilla y León has unilaterally suspended vaccination).

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

The EMA has concluded that "unusual blood clots with low blood platelets should be included as very rare side effects of Vaxzevria (formerly AstraZeneca's COVID-19 vaccine)." However, the agency continues to recommend the vaccine because "the overall benefit-risk remains positive."

On the business scene, Bolsamanía has published that the CaixaBank ERE for some 8,000 workers due to the integration of Bankia will cost approximately 300,000 euros per employee.

The most bearish values ​​of the Ibex have been Cellnex (-4.68%) and Siemens Gamesa (-3.10%), while the most bullish have been Enagás (+ 1.87%) and REE (+ 1.32%) .

Internationally, the investment fund CVC Capital Partners has offered more than 20,000 million dollars (almost 17bn euros) for Toshiba, the Japanese industrial conglomerate.

PMI SERVICES EXCEED EXPECTATIONS

In Spain, the services PMI has risen more than expected to 48.1 from 43.1. Of course, it remains below 50, a level that makes the difference between expansion and contraction. In Germany and France there have also been improvements, to 51.5 from 45.7 and to 48.2 from 45.6, respectively. In Italy, however, it was below expectations and below the previous month (48.6 from 48.8).

For the euro zone as a whole, the services PMI has remained at 49.6 from 45.7 and compared to the estimate of 48.8. Composite PMI has been 53.2 from 48.8.

In addition to these references, the other that investors will not lose sight of will be the minutes of the last meeting of the Federal Reserve (Fed) that will be published this afternoon in the United States.

"The nature of the discussions by the various members of the FOMC will be carefully analyzed to see where the splits, if any, come from on the timing of the reduction or increase of rates, paying particular attention to eligible members to vote next year, more than this year ", they explain from CMC Markets.

A "VERY GOOD" TECHNICAL ASPECT

The experts of Bolsamanía continue to highlight the good technical aspect of the Ibex, and hope that in the short term it will take it to the highest of the year, at 8,740 points. If you manage to pass these levels, the next objective will be at 9,000 points.

Analysts insist that the large Ibex stocks continue to look good, and this is fundamental support for the selective.

OTHER MARKETS

The euro rises in value 0.1% to $ 1.1890, while Brent oil falls close to 1%, to $ 62.17. For its part, an ounce of gold is trading flat at $ 1,743.

Bitcoin yields 2.6% to $ 56,600 and Ethereum 5% to $ 1,993.

Lastly, the yield on the 10-year American bond decreased to 1.64% and that of the 10-year Spanish bond fell to 0.34%.

contador