The Ibex rises with enthusiasm due to the rally of banks over the CaixaBank-Bankia merger

Beyond this news, investors are cautious today (the rest of the European indices are trading with notable declines) after the sharp falls that were seen yesterday on Wall Street (the sharpest since June due to large technology) and the declines that have been lived in Asia, which has followed that bad behavior across the Atlantic. Likewise, the macro will be the protagonist, with the publication of the US employment report for August.

"Economists expect 1.4m jobs to be added in August, down from the 1.76m created in July. The unemployment rate is inclined to fall to 9.8% from 10.2%. The average annual wage is forecast to be 4.5%, down from 4.8%. A drop in wages would suggest that more low-income workers have returned to work, "explains David Madden , CMC Markets expert in London.

For the rest, this Friday the call from the US Government to its governors continues to 'kick in' so that they are ready to distribute the vaccine as of November 1. Dr. Anthony Fauci, a disease expert and White House counselor, said it is highly unlikely that a pharmaceutical company will develop a vaccine by the end of October, but acknowledged that it is not impossible. For its part, the European Union hopes to have access to the first coronavirus vaccine from the British company AstraZeneca in collaboration with the University of Oxford in November, sources from the institution reported on Thursday.

Finally, we indicate that investors are already keeping an eye on next week, when an important monetary policy meeting of the European Central Bank (ECB) takes place. A Bloomberg survey of analysts before the meeting showed that no policy changes are expected, but the majority of respondents foresee an increase in the PEPP (pandemic emergency purchase program) of 350,000 million euros, extending it to the second half of the next year.

Finally, it should be remembered that Monday, September 7, is a holiday in the US for Labor Day.