Dec 3 (Reuters) – The zigzag movements of the Spanish stock market continued on Friday, with a positive opening after the fall of the day before, while the market awaits important macroeconomic indicators that could provide clues about the direction of the large economies and the next steps of the big central banks.
While financial markets await news about the variant of COVID omicron – especially transmissibility, resistance to vaccines and severity of cases – the attention will be on the PMI surveys on confidence in companies and, above all, the monthly report of the United States labor market.
Analysts forecast the creation of 550,000 jobs and a slightly lower unemployment rate of 4.5%, compared to 4.6% the previous month.
“If the data is confirmed, the Fed would continue to approach its goal of full employment and could translate into an acceleration of the ‘tapering’ (faster withdrawal of stimuli of -15,000 mln d / month decided for now, next meeting December 15) “said analysts at the Spanish brokerage Renta 4.
“In any case, the Fed’s monetary policy will continue to be very accommodative, with a balance of around 9 bln usd at the end of QE,” they added, referring to the quantitative easing program of the US central bank, with which it has injected funds to revive the economy by buying bonds.
Meanwhile, some signs that point, in a very provisional way, to a low severity in the detected cases of omicron allowed to rise to the values most exposed to travel.
At 08:05 GMT on Friday, the selective Spanish stock exchange Ibex-35 rose 67.00 points, or 0.81%, to 8,367.80 points, while the index of large European stocks FTSE Eurofirst 300 advanced 0.68 %.
During a week in which the rises and falls have alternated, in an environment of high volatility due to the appearance of omicron, the Ibex shows a decrease of 0.42%.
In the tourism and travel sector, the airport manager AENA gained 0.61%, the Anglo-Spanish airline holding company IAG gained 2.47%, the Amadeus flight reservations group increased 0.91% and the hotel company Meliá scored 2.44%.