The Ibex rises with desire towards the 8,000 hand in hand of a good PMI services in China

The Spanish selective relies on this news to overcome the resistance of 7,436 points, a bearish gap left in mid-March. "If it were to finally overcome this price level, it is very likely that the gains would be extended to the level of 8,000 points, prices very close to the average of 200 sessions," explains César Nuez, analysts at Bolsamanía.

The European stock markets thus cling to the positive and continue to ignore the negative - the unrest in the United States - as they have done in recent days and as Wall Street has also done. This Tuesday, multiple concerns did not prevent the US indices from closing at their best levels in three months. Michael Hewson, chief analyst at CMC Markets in London, underscores the resilience of the exchanges since the March lows and despite the thought that it would cost them much more to 'raise their heads' given the economic impact of the coronavirus. "Since the March lows we have been constantly making up for lost ground thanks to a combination of unlimited central bank easing and the prospect of large amounts of fiscal stimulus," he says. From Danske Bank, however, they warn that the risk "still reigns in the market".

This Wednesday several very relevant macro references will be released, starting the PMI services for the month of May in Europe and the United States, without forgetting the unemployment rates in Germany and the Euro Zone. The employment data of the ADP consultancy will also be known, which is a preview of the Employment Report that is published on Friday in the US. All of this key data is released a day before the European Central Bank (ECB) meets and announces more measures to tackle the pandemic.

On the other hand, news about the coronavirus continues to focus the attention of the markets. White House health adviser Dr. Anthony Fauci said Tuesday that he is concerned about the "durability" of a possible coronavirus vaccine, noting that it may not provide long-term immunity.

At the corporate level, Lufthansa posted net losses of € 2.1 billion in the first quarter after the "drastic decline" in air travel.