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30/04/2021 09:33:16

The Ibex, flat and attentive to the banks and the macro at the end of a positive month

The Ibex closes this Friday a week that has been positive and in which it has risen for four consecutive days. It has also been a week in which it has finally managed to surpass its highs for the year and in which it has already headed firmly on the road to 9,000 points. In the absence of what it does this Friday (at the moment it is flat, at 8,827 points), the Spanish selective rises 2.3% in these last four days. Concern about the situation in India has been the protagonist, but the truth is that it has not had an impact on the stock markets.

The end of the week also ends a month that has been very quiet, in which volatility has increased to some extent in recent weeks and in which nothing has altered the pulse of investors who seem ready for the stock markets to continue advancing . We already entered in May, with its famous saying sell in may and go away. Whether this will be accomplished this time around remains to be seen. In the absence of what happens this Friday, the Ibex rises 2.8% in the accumulated of the month.


BBVA, Sabadell have published their results this Friday. The first falls after earning 1,210 million in the first quarter and returning to pre-Covid levels. The second rises after registering a 22% drop in profit. In addition, today the figures of Siemens Gamesa will be known, while, outside our country, they have published Barclays (which sinks 7%), BNP Paribas or AstraZeneca.

The results have marked the week in Spain, with the publication of very relevant figures that in general have been well received. In this first quarter of the year, an increase in company profits is being seen as it compares with a very complicated first quarter of 2020 marked by the outbreak of the pandemic.

For the rest, at this time the Amazon and Twitter continue to move Wall Street after presenting results yesterday. The first rises more than 2% in the after hours and the second sinks 11%. The social network ended the month of March with 199 million daily monetizable users. Despite the fact that it is a fairly high figure, the company itself expected to reach 200 million.


In this last weekly session the GDPs for the first quarter of Spain, France, Germany and the euro zone are published, where the unemployment rate for March and the CPI for April will also be published. In Spain, GDP falls by 0.5%.

"This set of figures is expected to be equivalent to a contraction of -0.8% of the EU GDP in the first quarter, after a contraction of -0.7% in the fourth quarter," advance experts from CMC Markets.

"Unemployment levels are expected to remain stable at 8.3% in March, while a sharp rise is forecast in the latest preliminary April CPI figures, this time to 1.6%, from 1, 3% in March. This will inevitably fuel concerns about inflationary pressures in the euro area, given that the headline CPI has gone from -0.3% at the end of last year to current levels in less than four months, "they add .

On the other hand, it should be noted that the April manufacturing PMI in China has fallen to 51.1 from 51.9 and compared to the forecast of 51.7. The non-manufacturing PMI has stood at 54.9 from 56.3. Caixins manufacturing PMI has risen to 51.9 from 50.6 and from the estimate of 50.8.


The euro trades at $ 1.2107. Oil fell 0.5%, to 68.27 for Brent and 64.64 for West Texas.

Gold is flat at $ 1,770, and silver is down slightly to $ 25.99.

Bitcoin is up nearly 3% ($ 54,461), and Ethereum is up 2% ($ 2,788).

The yield on the 10-year American bond stands at 1.64%