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.