The Ibex starts December on the rise after a positve Monday

IAG and Aena, the values ​​that increased the most in the selective

Bolsamanía
Bolsamania | 01 dic, 2020 09:36
ep valores del ibex en el palacio de la bolsa de madrid 20201029180204
Eduardo Parra - Europa Press - Archivo

The Ibex and the rest of the European stock exchanges started the first day of December with increases (Ibex: + 0.67%. 8,132 points) after a positive Monday on both sides of the Atlantic. Asia has experienced a clearly bullish session (in China the Caixin manufacturing PMI for November has been published, which has come out better than expected and better than the previous month, at 54.9) while American futures advanced by 0.8% on average right now.

IBEX 35
11.435,700
  • -0,28%-31,60
  • Max: 11.474,90
  • Min: 11.399,10
  • Volume: -
  • MM 200 : 11.294,32
17:35 23/12/24

Within the Ibex, the increases in IAG, Aena, Bankinter or Telefónica stand out, while on the negative side the cuts in Cellnex or Enagás stand out.

This Tuesday they continue to talk about Moderna, which yesterday confirmed that its vaccine against Covid was 94% effective and announced that it is proceeding to request authorization from the US and Europe for its emergency use. Despite progress in the fight against the pandemic, the reality is that many uncertainties remain. The International Monetary Fund (IMF) said on Monday that the second wave of coronavirus poses a "considerable risk" to the evolution of the eurozone economies, forcing new measures to promote recovery.

The agenda for this Tuesday includes the publication of the manufacturing PMIs for November in Europe and the US. In addition, the CPI for November will also be published in the euro zone. Also, the unemployment rate of last month in Germany will be known. The president of the Federal Reserve (Fed), Jerome Powell, will speak in the Senate Financial Affairs Committee, and the president of the European Central Bank (ECB), Christine Lagarde, will also appear.

In business terms, Bankia shareholders are meeting today to approve the merger with CaixaBank.

Likewise, oil is yielding around 0.9% at this time. OPEC + will continue the talks on Thursday, after they were initially scheduled for today. At the moment, although OPEC wants to delay an increase in production, there is no agreement with Russia.

Regarding the technical aspect of the Ibex, the selective maintains the upward trend despite the falls yesterday. "The first level of support is at 8,000 points. Its good technical aspect would only be complicated by the loss of support at 7,835 points, prices close to 3% below the current ones," explains César Nuez, analyst at Bolsamanía and responsible for Trader Watch.

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