Thursday, September 29

The Ibex 35 loses ground but holds above 8,600 points

The IBEX 35 registers at this time falls of 0.32% at 8,660 points. Within the selective, the worst is for Grifols, which fell 1.95% at 16.86 euros, Repsol lost 1.46% to 10.441 euros and Siemens-Gamesa left 1.41% at 20, 61 euros,

On the positive side, the biggest increases at this time are for IAG (Iberia), which rises 0.94% to 1,722 euros, MERLIN Properties follows with a rise of 0.84% ​​to 9.56 and PharmaMar rebounds 0 , 65% up to 55.88 euros.

In the Continuous Market, we see increases for Montebalito, of 2%, followed by AmRest, with advances of 1.69% and FCC advances 1.65%. In negative, falls for San José, of 4.77%, ISE left 3.72% and Audax cut 3.47%.

In Europe, we see that the DAX is trading with a subtraction of 0.33% at 15,911.69 points, the CAC 40 rises 0.05% at 7,184.59 and the FTSE 100 recovers 0.98% after two days closed. The EURO STOXX 50 fell 0.25% to 4,301.31 points.

In the session on Tuesday, and contrary to what happened on Monday, it was the securities / sectors of a more defensive nature that led the advances, with profits, equity real estate and telecommunications companies standing out for their good behavior, while the leisure and tourism sector was the only one that ended the day slightly in the negative.

For this Wednesday, perhaps the most relevant thing is that The London Stock Exchange will be operational for the first time this week, after being closed on Monday and Tuesday having been public holidays in the United Kingdom. We understand this fact that activity in the rest of the main European stock markets will increase somewhat. For the rest, and in a session that presents a very light macro agenda, we understand that it will be the news again about the evolution of the last wave of the pandemic and about the greater or lesser benignity of the variant that is causing it, the Ómicron, those that determine “the tone” of the session.

“The fact that the futures of the Wall Street indices come to the rise this morning we believe that it will limit the scope of the decreases in the main European markets, stock exchanges that, if Wall Street opens up this afternoon, it is very likely that they will turn around upwards, to end the day in positive “, point from Link Securities.

Other markets

The S&P 500 closed slightly lower after hitting an intraday record high on Tuesday, after a four-day rally lost steam with investors weighing travel disruptions and store closures fueled by the omicron variant of the coronavirus.

The Centers for Disease Control and Prevention (CDC) on Monday shortened the recommended isolation time for Americans with asymptomatic COVID-19 cases to five days from the previous 10-day guidance. The CDC’s decision, along with approvals of new pills and more vaccines to combat COVID-19, have helped investors look past thousands of flight cancellations as Apple closed its stores in New York due to the surge in cases.

Specifically, the DOW JONES Ind Average ended the day with a rise of 0.26% at 36,398.21 points, the S&P 500, which accumulated several days with record rises, dropped 0.10% at 4,786.36 units and the NASDAQ 100 subtracted 0.48% to 16,488.66 points. The top three indices were heading for monthly gains.

Asian stocks fell early this Wednesday after a mixed session on Wall Street, with investors in the region positioning their portfolios for the new year as they grappled with the growing number of cases of the omicron variant of the coronavirus globally.

MSCI’s broader index of Asia-Pacific stocks – which does not include Japan – fell 0.3% after six straight sessions higher, following the volatility of the US session.

Losses were recorded in Hong Kong, with a 0.99% decline compounded by declines in Chinese tech stocks, while Chinese stocks lost 1.4%.

In China, the city of Xian entered its seventh day of lockdown on Wednesday, after 151 locally transmitted COVID-19 infections with confirmed symptoms were reported the day before.

“Uncertainty around restrictions and monetary policy concerns mean that there may still be a pullback in Chinese markets generally,” said Selina Sia, head of Greater China equity research at Credit Suisse Private Banking.

The Nikkei lost 0.56% to 28,906.88, also falls for the Shanghai composite, 0.91%, the SZSE Component fell 1.22% and the Hang Seng of Hong Kong fell 1.09 % at 23,025.00 points. The Seoul Kospi registered a drop of 0.89%.

As for oil, Brent barrels futures are up 0.01% at $ 78.67 and West Texas futures are down 0.20% at $ 75.83.

Russian Deputy Prime Minister Alexander Novak said on Wednesday that the group of major OPEC + oil producers has resisted requests from Washington to increase production, as they want to provide the market with clear guidance and not deviate from his politics.

The United States has repeatedly lobbied OPEC + to accelerate production increases, as domestic gasoline prices soared and approval ratings for US President Joe Biden fell. In the face of resistance from the group, Washington announced in November that it and other consumers would release reserves.

Asked why OPEC + rejected the US demands, Novak said that OPEC + has a long-term vision.

“We believe that it would be correct for the market to show in the medium term how we will increase production as demand grows,” RBC told the outlet.

In the currency market, the euro lost 0.24% to 1.1282 EUR / USD.

Bitcoin advances 0.34% at $ 47,713.2.


The day begins with the M3 money supply data in the euro zone for November. The data rose 7.3% year-on-year in November, according to data from the European Central Bank released on Wednesday. The October data had shown a variation of 7.7%. A Reuters poll of analysts had forecast the figure to rise 7.6% in November.

For its part, credit to non-financial entities in the euro area rose 2.9% in year-on-year terms, after an increase of 2.5% in October. Regarding the volume of loans to households in the month, it was up 4.2% compared to the same period a year earlier, after an increase of 4.1% in October.

In the US, the data to follow will be the MBA mortgage application index (Weekly) and the IEA crude oil inventories.

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