He Ibex 35 and Europe remain closed this Thursday on the occasion of 'Boxing Day'while operations return to normal in Wall Streetwhich registers soft purchases after the earnings on Tuesday, in a session reduced by Christmas Eveand after not opening on Wednesday due to the celebration of the Christmas. «The year is practically over and the balances have been positive for stocks. The American, which we continue to 'overweight', accumulates advances of +28% in the general indices and +29% in the technological ones. The European stock market revalues +9% and the Spanish stock market, +14%», comments from Bankinter. Therefore, the entity's analysts reiterate that «the logical thing now is to witness a certain rest. The market must readjust its inflation expectationswhich will be higher than estimated, and typeswhich will consequently fall less.» In this sense, Link Securities highlights that the market is digesting «the scenario of divergence of growth speed between European economiesslower, in relation to the US economyfaster, and that could increase if the president of the United States, Donald Trump, carries out his threat of imposing trade tariffs on European and Chinese products.» Likewise, they estimate that the difference in the pace of central banks' monetary policies in its process of lowering interest rates (eurozone, United Kingdom and the US) or raising rates (Japan), with fewer decreases in the US than in Europe; and, as a consequence of all this, «a adjustment of investor positions and portfolios to adapt to the indicated scenariowhich will cause many of them to take profits and rotate them towards sectors that will benefit most in 2025 based on what has been mentioned.»
WEEKLY UNEMPLOYMENT DATA
As for the macro agendathe week is being formal and short, so references are scarce, as is natural during these Christmas dates. However, investors learned this Thursday of the publication of the weekly unemployment claimsa good approximation to the situation of the labor market, which has fallen more than anticipated by the consensus of analysts.
COMPANIES AND OTHER MARKETS
In today's business, Nissan shares rise 15.5% on Wall Street this Thursday, while Honda gains 4%so both companies have maintained their increases in the stock market since they confirmed, this week, that they have begun formal negotiations for a merger that could give rise to the third largest automobile manufacturer in the world by sales. In other markets, oil West Texas rises 0.24% ($70.27) and the Brent advances 0.27% ($73.78). For its part, the euro depreciated 0.10% ($1.0393), and the ounce of gold earn 0.27% ($2,642). Furthermore, the 10-year American bond yield is revalued to 4.613% and the bitcoin loses 1.73% ($96,317).