Sunday, July 3

The Ibex 35 leads the rebound in European stocks and seeks 8,400 points

The rest of the European stock exchanges ended with increases of 1.38% in the case of London and Paris, 1.36% in Frankfurt and 1.82% in Milan.

The main international indices have also closed or were trading positive. Thus, the Asian stock markets ended the session with revaluations of 2.08% in the Japanese Nikkei, 1.91% in the Indian Sensex and 1% in the Hong Kong Hang Seng.

The main US stock markets were trading 1.48% higher for the Dow Jones, 0.77% for the S & P500 and 1.51% for the Nasdaq.

In this context, the Ibex 35 has closed with almost all its values ​​’in green’, highlighting IAG (+ 6.42%), Merlin (+ 4.24%), Meliá (+ 4.10%), Solaria (+ 3.49%), Grifols (+ 3.46%), Banco Sabadell (+ 3.40%), ArcelorMittal (+ 2.96%) and Siemens Gamesa (+ 2.95%). On the other hand, only Laboratorios Rovi yielded (-1.40%).

All this despite the fact that the focus continues to be omicron and restrictions on mobility. Moderna hopes to be able to develop its specific booster vaccine against the omicron variant in a very short time so that it can begin to be distributed in just a few weeks.

The health authorities of the United States have urged their citizens not to travel to Spain due to the contagion situation that the country is experiencing in the framework of the coronavirus pandemic.

In addition, investors are watching the possibility of new restrictions being passed in Europe. In Spain, Catalonia was the first community to announce a curfew and capacity limitations to contain the spread of the omicron variant.

Among the main references is the confidence of German consumers, an index that points to a deterioration in January, according to the estimate of the consultancy GfK, which has lowered the reference for next month to -6.8 points, which represents a drop of five points in one month and the worst reading of the data since last June (-6.9), as a result of the impact of high inflation and the new wave of Covid infections.

In addition, the Twenty-seven have given their approval on Tuesday to the disbursement to Spain of the first tranche of the recovery fund, which amounts to 10,000 million euros, so the European Commission hopes to be able to unblock the payment “before the end of the year” , when the last formal procedures of the process are completed.

The price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 73.59 dollars, after rising 3.06%, while Texas stood at 70.88 dollars, after advancing 3, 40%.

The price of the euro against the dollar stood at 1.1266 “greenbacks”, while the Spanish risk premium stood at 72 basis points, with the interest required on the ten-year bond at 0.437%.

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