The Ibex continues to doubt while US stimuli continue to fail

Cases of coronavirus increase in the world and the stimuli do not arrive. The Speaker of the House of Representatives of the United States, Nancy Pelosi, said this Sunday that she and the Secretary of the Treasury, Steven Mnuchin, had to reach an agreement within the next 48 hours if they wanted to pass a stimulus bill for the coronavirus before Election Day.

At the moment everything is still "in limbo," say the experts at Danske Bank, while Nancy Pelosi and Steven Mnuchin reportedly "continue to narrow their differences." In the opinion of these analysts, everything indicates that no progress will be made in this regard until after the elections.

"The lack of action is especially concerning given reports that coronavirus cases are increasing by more than 5% or more a day in 38 US states, raising concerns that the second wave currently sweeping Europe is starting to become a possible third wave in the US as winter approaches, "warns Michael Hewson, chief strategist at CMC Markets in London.

The vice president of the Federal Reserve of the United States, Richard Clarida, has expressed his concern about the possibility that the economic recovery of the United States lasts at least one more year, while the president of the ECB, Christine Lagarde, has expressed his doubts about the fact that the new restrictions that are being applied throughout Europe will further delay the recovery in the absence of new measures of monetary and fiscal stimulus.

This Tuesday results will continue to be known. In Spain the season started with Enagás' figures (it earned 349 million until September). UBS posted a 99% increase in third-quarter profit due to high turnover in global markets, helping the bank to do well in investment banking, as well as an unexpected increase in wealth management earnings. .