Some thirty Spanish listed companies triple the Ibex 35 in 2021

After the falls on Monday and the subsequent rebound yesterday, the pulse between bulls and bears at the beginning of the year had been very even. This Wednesday, however, the futures suggest that the increases will continue one more day both in Europe and on Wall Street.

Investors, waiting for it to begin business results season This Friday on Wall Street, today they have to be attentive to the industrial production data for December in the euro area and the monthly inflation data in the US, figures that will close the year and mark the future of the withdrawal of stimuli by the Federal Reserve , which will also publish its Beige Book today.

From a technical point of view, “I am very afraid that Europe will not be able to resist much longer unless we soon witness a bullish turn in the North American stock markets, especially in technology”, explains Joan Cabrero, Ecotrader advisor.

“If that turn is not formed soon, I am afraid that the EuroStoxx 50 could go back to test the strength of its bullish guideline, which currently runs through the 4,060 point area, up to where there is 5.5% of each and whose scope is very likely to stop the falls again, something that will be a very interesting buying opportunity “, adds the expert.

From the lows it reached in March 2020, a bullish reconstruction has formed that has already led the EuroStoxx 50 to regain pre-Covid levels, close to 3,900 points. “Its rupture at the end of March 2021 allows it to favor more firmly and forcefully a context of upward continuity in the coming months, consolidations and corrections on the margin, towards following targets that we value in the highs of 2007, prior to Lehman Brothers, situated at 4,575 points to which there is 6.8% on the rise from current levels, “concludes Cabrero.

Watch out for inflation data

This Wednesday the market will attend an especially important appointment with the inflation data for the month of December in the United States and that is, once again, a surprise in the form of greater pressure on prices could further accelerate the tightening of the monetary policy of the United States. the Federal Reserve.

This was stated in his speech before the Senate yesterday by the president of the organization, who will not hesitate not only to raise interest rates but also to reduce the current balance sheet if inflation remains at these levels in the middle of the year. year Analysts expect a CPI rebound of 7% compared to December of last year.

Strong rebound of oil

This Wednesday there is also an important appointment in the raw materials market. Like every week, the data of petroleum inventories will be released in the United States, a key indicator to assess the balance between the supply put on the market by OPEC and its allies and the demand. From Commerzbank they comment that “the worries about a massive fall of the demand have vanished once it has been verified that micron causes milder effects in the infected people”.

In any case, in anticipation of this data, the price of crude rebounded strongly yesterday, surpassing the mark of 83 dollars per barrel from Brent, something that had not happened in the last two months and that already leaves the annual balance above 7 percentage points.

Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more