The Ibex 35 advances while waiting for the premiere of Biden amid the rise in infections

Rises in European stock markets awaiting Joe Biden to take office this afternoon as president of the United States in Washington. He Ibex 35 0.3% is recorded to 8,223 points, hand in hand with the large banks, Amadeus and Telefónica, but also of IAG. Iberia’s parent company shares advance 1.5% after learning that its subsidiary will pay 500 million euros to the Hidalgo family for Air Europa.

Santander it scores 1.4% after HSBC has raised its target price to 3.4 euros and just under half a point advance the titles of the provider of technology solutions and BBVA, for which HSBC raises the target price to 4.6 euros. Stocks fall Iberdrola eight tenths and one tenth of Inditex.

Air Europa

The actuality gives one of lime and one of sand to investors. On the one hand, concern is increasing “about the evolution of the pandemic in Europe and the increasingly restrictive measures that the different authorities are adopting to combat it,” they point out from Link Securities. Your analyst manager, Juan J. Fernández-Figares stresses that the process of immunization of the population against the virus continues to go much slower than expected on the continent, “which would delay the reiterated target by the European Union (EU) of achieving vaccinations to about 70% of the population before the summer “.

On the other hand, with the opening of the new Biden Administration, investors “continue to be very hopeful” for what it can contribute to the economic recovery. In that sense, the candidate to replace Mnuchin as Secretary of the Treasury, the former president of the Federal Reserve (Fed), Janet Yellen, was in favor of applying aggressive fiscal policies to prevent the US economy from entering recession again, despite also acknowledging their concern about the high level of debt.


Source: LA INFORMACIÓN – Lo último by www.lainformacion.com.

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