June 21, 2021

The Ibex continues in its fight to maintain the 9600 points.

The Spanish Stock Exchange closes almost flat, with a cut of 0.05%

After the low negotiation witnessed in the opening of the American market, the national index struggles to endure the support of the 9600 reaching 9550 today. Low trading given the market events between yesterday afternoon and today, which can be explained based on the fulfillment of the agents' expectations and the Christmas tone of the last market days of the year

At the American level, the House of Representatives gave their vote in favor of subjecting Trump to political trial as expected. However, by transcending this trial to the Senate with a majority of the Republican party, it is quite feasible that this impeachment remains in the air and ultimately does not pose a serious threat to the current president. Regarding economic data, we knew the applications for unemployment benefits and the sales of existing homes, with results that did not seem to favor the contributions, but without a real significant impact.

On the western level, the decision to maintain stable rates at 0.75% by the UK bank does not end up surprising the market, given that it entered into the expectations of most market agents after the victory of Boris Johnson, of December 12. For its part, the German DAX continues to move slightly away from the highs of the year, differing from the bullish behavior of the American market.

In the Spanish parquet stand out the behavior of ENCE and Bankia, with revaluations of 3.30% and 2.35% respectively. Bad behavior for Telefonica, Masmovil and Mapfre with falls of 1.85%, 2.7% and 3.81% respectively.


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