The Ibex-35 ended the last full session of the year with a slight drop of 0.25%, to give a final change at 8,154.4 points. This implies that, in the absence of the mid-session of this Thursday, the index loses a little more than 14% in 2020. But, on the positive side, it should not be overlooked that, since the March lows that marked in the 6,100 points, the index recovers more than 30%.
Although the world seems to be already facing the third wave of the pandemic and this contains purchases of shares, on the positive side it must be said that vaccination has begun in Europe and the United States. In addition, Brexit is also on track, as well as the political future in the White House with a new tenant as of January 20 and also with a new stimulus plan approved in Congress this week. To this must be added that central banks continue with their asset purchase programs running at full speed.
Tourism values top earnings
In the selective Spanish, IAG led the gains, with a rise of 1.48%. This was followed by Meliá, which added 1.39%. ArcelorMittal came in next, rising by about one percentage point. ACS and Solaria advanced around 0.7%. Indra, Cie, Sabadell and Acerinox, for their part, scored around half a percentage point.
Cellnex, Viscofán and Colonial were the most bearish values, with decreases of more than one percentage point. Later, Telefónica and Santander, with identical losses of 0.64%. A little more than half a percentage point also left Acciona, Enagás, Ferrovial and CaixaBank.
In the Continuous Market, the protagonists were the two entities that on Tuesday afternoon ratified their merger, Unicaja and Liberbank. The first closed with a rise of almost two percentage points, while the second fell 3.69%, becoming the second worst value on the Spanish Stock Market, only behind Duro Felguera, which fell 4.41%.
The euro slows down Europe
Not only did the Ibex-35 end weak. Also the rest of European indicators did. Thus, the worst was the British Ftse 100, which fell 0.7%, while the German Dax fell 0.3%, the French Cac 40 lost 0.2%, like the PSI-20 in Lisbon, and the Ftse Mib of Milan left 0.12%.
That poor result in Europe, despite the fact that Wall Street dominated the green numbers at the end of the session of the Old Continent: the Dow Jones added more than half a percentage point, while the S&P 500 and the Nasdaq advanced more than 0.3 %. And that finally the leader of the Republican majority in the Senate, Mitch McConnell, blocked the improvement in subsidies planned from 600 to 2,000 dollars, which would imply an additional injection to the last stimulus program launched. Although it could be approved later along with other measures.
In Europe, the approval in the United Kingdom of the AstraZeneca and Oxford vaccine or that Parliament gave the go-ahead to their agreement with the European Union was not priced up. Neither does the investment pact it has reached with China. But the appreciation of the euro did stop the indicators of the Old Continent: At the end of the session, it added 0.25% compared to the greenback and reached the level of 1.23 units, its highest level since 2018.
In the debt market, the yield of the Spanish ten-year bond fell slightly to 0.05% and the risk premium against the German bond for the same term stood at 62 basis points at the close.
In the raw materials market, few movements for oil. The barrel of Brent, the benchmark in Europe, advanced 0.15% at the close of the session, to 51.15 dollars. The one in West Texas, a benchmark in the United States, remained flat and close to $ 48.
Gold, meanwhile, was down 0.3%, to $ 1,885 an ounce.