Wednesday, January 19

The IBEX 35 resists thanks to a tepid optimism about omicron

The IBEX 35 closed higher for the second day in a row on Wednesday, as investors calibrated the repercussions of the omicron spread, hoping, for now, that they will be limited.

Context // In a cautious market awaiting certainty about the severity and ability to derail the recovery of the new coronavirus variant, investors were betting that the damage will be less intense and prolonged than in previous waves, despite the return of the restrictions and confinements in Europe.

  • In this sense, a study from South Africa suggested a lower risk of hospitalization and serious illness in people infected with omicron versus delta, although the authors said that part of this is probably due to the high immunity of the population.
  • In any case, trading on the IBEX 35 was distorted by operations related to the imminent close of the year and the absence of some investors due to the Christmas holidays.

The data // In this context, the selective IBEX 35 closed with a rise of 71.60 points on Wednesday, 0.85 percent, to 8,459 points, while the index of large European stocks FTSE Eurofirst 300 rose 0.68 percent.

IBEX 35 (IB)IBEX 35 (IB)

71,600,85 %


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