Wednesday, January 19

The IBEX 35 rises 3% the week of the new omicron restrictions

The IBEX 35 closed the shortened Christmas week by going up 8,500 points. The level that had not exceeded it since the beginning of the month, in a global context of relative optimism at the prospect that the omicron variant of the coronavirus poses a lesser threat to the economic recovery than initially feared.

The data that matters // The IBEX 35 started profits of 3.9 percent in the last three sessions. Taking into account Monday, the weekly revaluation is 3 percent.

Thursday’s best // Naturgy, Banco Santander, Caixabank, IAG and Bankinter.

The worst of Thursday // Arcelor, Indra, Pharmamar, Almirall and Grifols.

Context // Despite the confinement of the Chinese city of Xian and the re-imposition of restrictions on the advance of omicron in European countries, markets are regaining confidence in the recovery from the pharmacological advance against Covid-19 (the US gave the green light on Wednesday to the Pfize antiviral) – and the successive data that suggest that the new variety would be less serious than previous mutations.

  • “Today is a very quiet day – it’s with the relief that omicron apparently isn’t as bad as we feared,” said Ryan Detrick, chief market strategist at LPL Financial.
  • “What remains impressive is how strong consumption continues to be. It is a positive sign for 2022. The economic backdrop is on a very strong footing,” he added.

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