Banks drive the biggest rise in the Ibex 35 in two months with an advance of 3.2%

The pandemic snatches 35,500 million from the value of banks

Neither the elections in Georgia nor the approval in Europe of Moderna’s vaccine, the great protagonists of the Three Kings’ Day in the Ibex 35 has been the banks, which have led the selective to their biggest increase in two months with an advance of 3.2%, up to 8,350 points.

After losing more than 35,000 million of its value in 2020, the entities have started this year with a more optimistic tone given the prospects for economic recovery opened by the vaccination campaigns against Covid-19. Despite even the outbreaks and the increase in widespread infections in Europe and the US.

The optimism has been felt this Wednesday especially in the Santander Bank, which closed with a rise of 6.87% and was ahead of Bankinter and Sabadell -both slightly above 6% – and also BBVA, CaixaBank, and Bankia -all with more than 5.5% -. Only Solaria has kept the pulse of the financial sector with an advance of 6.25% in its securities.

Only five values ​​have ended in the red. Cellnex has registered the largest decrease, falling by more than 2.85%, followed by PharmaMar (-1,4%), Viscofan (-0,50%), Grifols (-0.14%) and Merlin Properties (-0,02%).

Elections in the USA

Many of the investors were awaiting the results of the elections in Georgia, in the United States, where the Democrats have won a new seat in the Senate. This result, in the absence of the assignment of another seat, partially clears the uncertainty about the distribution of the Upper House, which would make it easier for Joe Biden to develop his political agenda and favor the stability of the country.

The market already discounts the Democratic victory in the Senate. If Joe Biden’s party prevails in Georgia, it would get 50 senators, the same as the Republicans, although they would have the tiebreaker vote in future legislative debates of the one who will be President of the Senate and Vice President of the United States, Kamala Harris.

The other focus of interest for investors was in Brussels, where the European Medicines Agency (EMA) has given the go-ahead for the use of Moderna’s vaccine and it may begin to be applied in the EU countries.

All these factors together have placed the Ibex 35 among the best European stock exchanges, where the Verde. Only the London Ftse 100 closed higher (+ 3.65%) and with an advance slightly higher than the Mib Ftse of Milan (+ 2.6%), the Paris Cac 40 (+ 1.46%), and Dax in Frankfurt (+ 1.7%).

The barrel of petroleum West Texas Intermediate (WTI), the benchmark for the United States, traded at the close of the European session at 50.77 dollars, while Brent crude, the benchmark for Europe, stood at 54.61 dollars.

For its part, the price of the euro against the dollar stood at 1.2289 green bills, while the Spanish risk premium stood at 61.4 basis points, with the interest required for the ten-year bond at 0.046%.