The Ibex will continue this Thursday with his siege to the resistance of 8,000 after managing to close in the last session in positive. Wall Street experienced a day of notable declines (-1%) while in Asia have also clearly dominated the red numbers. European futures lost 0.6% while Americans are trading flat at this time, with a mixed sign.
After Pfizer said a week ago that its vaccine is 90% effective, Moderna reported that its vaccine is 95% effective, prompting Pfizer itself to raise the effectiveness of your vaccine also to 95%. The vaccine war is more than open And now the pharmaceutical companies are going to put on the table what they are achieving, with the consequent effect on the markets, which are very aware of everything that is happening around this matter.
Meanwhile, Wall Street fell back for the second day in a row after New York Mayor Bill de Blasio announced school closings in response to increased Covid-19 cases. “With death rates starting to rise again in Spain and Italy, and infection rates reaching a record in Japan, this winter looks like it will be long and dark in the northern hemisphere“warn the experts at CMC Markets.
“With infection and hospitalization rates on the rise, and the risk that current closure restrictions will remain or extend through 2021, the likelihood that any economic damage will become permanent will only increase. These risks must be offset. for the long-term benefits of a viable vaccine, which even if you start applying next year, it could take up to two years to make a difference“these analysts add.
This thursday there european summit, a summit that was going to focus on Brexit and that, after Hungary and Poland had blocked the budgets, will focus on the financial future of the European Union (EU). “European leaders will meet today in a video conference. (…) The meeting is likely to focus on break the latest deadlock in the EU budget and the approval of the recovery fund, after Hungary and Poland halted the ratification process on Monday over concerns about the rule of law mechanism. You also have to be aware of comments on Brexit’s lack of progress“Danske Bank experts say in their daily report.
At the business level, investors will be aware in Spain of Rush, after various media have published that the businessman Blas Herrero has presented an offer by the group’s media of between 150-200 million, and in cash.
Finally, regarding the technical aspect of the Ibex, if in the end it manages to regain those 8,000 points, the experts at Bolsamanía indicate that it is very likely that end up extending the hikes to the level of 8,375 points, maximum of the bearish gap that will be left in the month of March.