Categories: Stocks News

The Ibex 35 raises the 7.400 points encouraged by the progress against the coronavirus

The european stock markets are betting on the optimism driven by medical advances against the coronavirus and the macroeconomic data in June, which they keep throwing some light on the uncertain landscape prevailing. The Ibex 35 rises close to 2% to regain the 7.400 points.

After a touch of initial bell, all the components of the index Spanish amanecían positive. To the front of the advances, cut-off values for cyclic and tourist, the same as yesterday stalled the progress of a flag that ended the session with levísimas falls. IAG rises by about 7% and is followed closely by Amadeus and Banco Sabadell.

The track of the course of the session given the good performance of the asian stock markets, although the Nikkei only goes up 0.15%, but the Bag of Australia is climbing a 1,57%, the Shanghai 1.64% and the Hang Seng is noted an increase of 1,61%.

For its part, the future americans come very flat with increases of 0.1% on average, while the night of the Dax and the Euro Stoxx up 0.38% and 0,90%, respectively.

This leaves us with a scenario of opening of the Ibex 35 around 7.265 points and therefore still within the range of recruitment in that we have been moving for a long time.

From the side macro will also be a very interesting session that will begin at 8:30 in the morning, with the publication in Switzerland of the CPI of June (to 0.1%). In Spain we have employment data for the month of June at 9 in the morning and auction of bonds to 10 years at 11.

Already in the afternoon, to the 14 hours we have the conference of a member of the German Bundesbank and half an hour later the main dish of the day from the united States: new requests for unemployment benefits weekly (1,355 million), payroll private non-farm (2.9 million and a 12.3% unemployment rate), trade balance may (-53.000 million) and Canada (-3.000 million).

At 16 hours we will know the orders to the factory may in the united States (8,9%), at 18 hours the financial stability report of the Bank of England and to the 19 hours a conference of a member of the ECB.

Ryan Helton

A Stock enthusiast since childhood, Ryan is known for his impeccable knowledge in the technology and gadgets niche. He has been working with eTrendy Stock as a contributor for most stock category and his articles are always well-researched and accurate.

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