New day in which European futures are practically flat (+0.3%) ... and there are already many references . The indices on this side of the Atlantic have decided to "doze", as analysts emphasize in their reports this Wednesday, waiting for powerful catalysts and while ignoring the news about Covid and the vaccination process. Very relevant news emerged yesterday (the FDA's decision to suspend the use of the Johnson & Johnson vaccine and the company to delay its launch in Europe), and the rates remained undaunted. Today's dynamics in the Old Continent seem to be similar.
- 11.470,500
- 0,03%
"The beginning of the week has been quiet for European stocks, with little volume and direction, and it seems that today the pattern will be similar," anticipates Michael Hewson, director of analysis at CMC Markets in London.
FROM THE RESULTS TO COINBASE
The main news will arrive this Wednesday from the United States. The results season starts there hand in hand with the banks. Watch out for the JP Morgan, Goldmand Sachs and Wells Fargo accounts.
"Traders expect these banks to deliver strong earnings, and the area of focus will be loan growth," said Naeem Aslam, AvaTrade's chief analyst.
In addition, today the world's largest cryptocurrency broker, Coinbase, opens directly on the Nasdaq at a price of $ 250 per share. While waiting for this company to start trading, bitcoin continues to skyrocket. At this time it rises 2%, to $ 64,154.
All this after seeing new all-time highs yesterday in the S&P despite the publication of a March CPI that left a bitter taste. Inflation has risen to 2.6%, above market forecasts, which spoke of an increase to 2.5%.
POWELL AND LAGARDE
For the rest, this Wednesday's calendar brings the appearances of Jerome Powell and Christine Lagarde, presidents of the Fed and the ECB, respectively.
Furthermore, at the macro level, in Spain we will know the CPI for March, and in the euro zone the industrial production for February. Across the Atlantic, the Fed's Beige Book will be published.
In Spain, Pedro Sánchez, President of the Government, appears before the Congress of Deputies from 9:00 am to report the state of alarm and present the Recovery, Transformation and Resilience Plan.
OTHER MARKETS
The euro trades at $ 1.1963. Oil rose 0.7%, to $ 64.11 for Brent and $ 60.63 for West Texas.
Gold and silver fell moderately to $ 1,742 and $ 25.39, respectively.
The yield on US 10-year bonds fell despite rising inflation in the US. At this time it stands at 1.625%.
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