The Ibex extends the increases and looks at 10,800 points supported by IAG and the banks

Foto del autor


The Ibex 35 extends its increases on Thursday (+1.23%, 10,765 points) after adding 1% up yesterday. The selective has been led by IAG (which, along with the rest of the European airlines, reacts to easyJet's accounts) and therefore the banks. Bankinter has closed with strong increases of more than 5% after stumbling early after announcing an increase in profit of 8.7% until March, reaching 200.8 million.

Naturgy has also had very volatile behavior. Yesterday energy prices shot up 6% after the Taqa group, owned by the Arab emirate of Abu Dhabi, confirmed that it is negotiating to buy 40% of the company held by the CVC and GIP funds. The Government has said that it will defend Spain's strategic interests in Naturgy and that it has the «necessary regulatory instruments» for it. 'Expansión' publishes today that Taqa is studying offering 27 euros per share. Finally, it closed with slight increases to 22.9 euros. Outside our country, Sartorius has sunk on the German stock market after publishing results. Today the markets will be waiting for other figures, those of Netflix, which, as always, will be known at the close of Wall Street. The US indices ended yesterday with falls of 1.15% on the Nasdaq. In Asia, green numbers dominated this morning. US President Joe Biden said yesterday that he is prepared to triple tariffs on steel and aluminum imports from China from the current 7.5%. «They are not competing. They are cheating,» Biden told the United Steelworkers union in Pittsburgh. In India, it is worth highlighting the slightly positive closing of the stock market the start of the general elections tomorrow, which will last until June 1.
As for other relevant aspects of today's agenda, the heads of State and Government of the European Union celebrate the second and last day of its extraordinary summit. Furthermore, in the United States there have been published weekly jobless claims, the Philadelphia Fed manufacturing index and existing home sales. This Thursday they talk various members of central banksas Luis de Guindos, vice president of the ECBin addition to different members of the Federal Reserve (Fed).


The Ibex yesterday covered the bearish gap left on Tuesday and keep moving forward. «For now, manages to stay close to 10,500 points but to confirm the end of the short-term correction, we should wait for a close above 10,780 points«explains César Nuez, BitcoinDynamic analyst and head of Trader Watch. «A closing above these prices would make us think of a continuation of the increases to the annual maximums that it drew at 11,139 points«. As long as it does not confirm the end of the descents, An attack at the level of 10,388 points is not ruled outminimums of the bearish gap that was left on March 13.


Oil is mixed after yesterday's bulky falls. Brent stands at $87.15 (-0.19%). WTI is at $82.79 (+0.12%). The euro is exchanged at 1.0656 dollars (-0.14%). Gold advances slightly and is close to $2,400 (+0.38%, $2,397) and silver adds 0.12% ($28.43). Bitcoin is trading at $63,500 and Ethereum is over $3,000. The yield of the 10-year American bond falls to 4.639%.