March 4, 2021

The energetics ballast the Ibex35

We started the week with falls in the domestic selective. The Ibex35 suffers to hold the 9,300 points in a session in which it yields about 0.50%. As happened a few months ago, good data is received with drops in the stock market. The argument is found in that the possibilities of expansive monetary policies by the Federal Reserve are reduced every time we know a strong data.

The publication of the employment data in the US last Friday is a good example of this reading, which dragged the stock markets in the last session of the week. These reversals have infected the Asian and European stock markets in their opening conditioning the day of the stock market.

Within the Ibex35 are still weighing the rejones of up to 5,000 million euros to the energy sector raised by the CNMC. We do not find any energy company listed on the positive side in a session in which Enagás, after the target price reduction by different analysis houses, loses up to 5% of its value. Generalized profit taking in the banking sector after the rebounds of last week.

Looking ahead to the next few days, investors will remain attentive to the FED minutes on Wednesday and the ECB on Thursday as they will undoubtedly show clues about the future of stock markets in the short term.

(tagsToTranslate) francisco sánchez-matamoros

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