The IBEX 35 today opened the session higherafter the triple all-time high recorded yesterday on Wall Street. The European stock markets have finished with advances this Friday after it was known that the US economy destroyed 140,000 jobs in the month of December as a result mainly of the impact of the measures implemented to stop the spread of the second wave of covid infections -19.
The country’s unemployment rate remained stable at 6.7%, according to data published this Friday by the labor statistics office of the US Department of Labor. The increase in cases takes its toll on the US, which loses its job for the first time since April, although not above what analysts expected.
The expectations generated around the new Democratic Administration in the US, specifically with regard to a new fiscal stimulus program and the approval of a high-value infrastructure plan, continue to act as the main catalysts for the rises in western securities markets.
Also, in Europe the approval by the European Commission (EC) for its emergency use of the vaccine against Covid-19 developed by the biopharmaceutical company Moderna, a vaccine that offers greater logistical facilities, as it is not necessary to keep it at temperatures as low as that developed by Pfizer and BioNTech, it also serves to encourage investors to increase their risk positions.
The Ibex 35 gets 8,400 points
ANDl IBEX 35 a rise of 0.26% has been recorded up to 8,407.7 points this Friday and in the week it has climbed 4.14%. The French Cac 40 finished with a 0.65% advance, the Euro Stoxx 0.62% and the German Dax 30 0.58%.
“The Ibex 35 attacks the resistance of 8,322 points once it has managed to purge the accumulated overbought readings in oscillators. In this way, the price manages to remain above its 40-period simple moving average or medium term, allowing the update of targets on the rise towards the area comprised around 8,683 / 8,542 points. Below, we will not begin to appreciate technical deterioration until the 7,663 points are violated, “adds Investment Strategies analyst José Antonio González.
At the close of this Friday, the largest increases were led by Naturgy (+ 2.61%), Ferrovial (+ 1.88%), Inditex (+ 1.87%), Meliá (+ 1.81%), Iberdrola ( + 1.79%), Indra (+ 1.73%) and Cellnex (+ 1.45%).
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On the side of falls, Solaria (-13.51%), Siemens Gamesa (-3.3%), Banco Sabadell (-2.97%), ArcelorMittal (-2.26%), Repsol (-1 , 76%) and BBVA (-1.75%).
The protagonist of the Ibex 35 today has been Solaria after whatGoldman Sachs analysts have lowered their recommendation to neutral from buy, now placing the target price at 25.5 euros, from its previous estimate of 24 euros per share.
On the other hand, Société Générale analysts have started coverage of the Ibex 35 Socimis. They recommend keeping the Merlin Properties securities with a target price of 8.3 euros per share. They are less optimistic with Colonial. They also begin hedging the security with a sales advice and a target price of 6.6 euros.
The French investment bank Exane BNP Paribas points out in a report published this Friday that 2021 will be a year of “green value” compared to the “green impulse” of 2020. Among its favorite actions in the energy sector are Endesa, the French Engie, the Portuguese EDP and the British National Grid.
Almirall has partnered with Tyris Therapeutics company to investigate minority dermatological diseases of genetic origin and develop new gene therapies. The goal of this collaboration is to combine the non-viral gene therapy technology of Tyris, a company founded by investor Columbus Venture Partners, with Almirall’s expertise in medical dermatology.
In the Continuous Market, Solaria sales have also been noted, since Grenergy has left 11.71%, Solarpack 10.72% and Soltec 10.11%. For its part, Oryzon has risen 4.9%, San José 4.56% and Airtificial 4.39%.
Berenberg’s experts have revised Fluidra’s target price upwards, now placing it at 22 euros per share, from the previous 18 euros. The same analysts improve Ezentis’ target price, now at € 0.60 per share, from their previous estimate of € 0.45 per share.
Regarding raw materials, a barrel of West Texas Intermediate (WTI) oil, the reference for the United States, was priced at 51.7 dollars, while Brent crude, the reference for Europe, marked a price of 55.47 dollars .
Regarding currencies, the price of the euro against the dollar stood at 1.2259 ‘greenbacks’, while the Spanish risk premium stood at 59 basis points, with the interest required on the ten-year bond at 0.038% .
In Spain, the Public Treasury has reduced its initial forecast of a net issuance of public debt of 110,000 million in the 2020 Budgets by 10,000 million euros, setting it at 100,000 million euros, 9% less than in 2020, due to the better performance of revenues last year, although it foresees a record gross debt issue of 289,138 million euros, 4.4% more than last year.
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