The Ibex and the rest of European stock exchanges start the last session of the month with increases (Ibex: + 1.21%. 7,066 points) while investors remain very aware of the evolution of coronavirus cases around the world. New cases in the US continue to decline, while they are increasing in many European countries, particularly in France, Italy and also in Spain. Within the Spanish selective, the increases in Grifols, the energy companies or Inditex, among others, attract attention. In negative IAG again stands out.
- 11.382,600
- -1,85%
After a positive close in the US indices on Friday, Asian stocks were up this morning. Exchanges are being boosted by news that the Donald Trump administration is trying to privately assure US companies that they can still do business with the WeChat messaging app in China.
On the other hand, according to the 'Financial Times', the US president would be considering accelerating an experimental vaccine against the coronavirus developed in the United Kingdom for use in the United States, and would like it to be ready before the elections.
This week the main focus of attention, apart from the latest GDP data for the second quarter in the US, Germany and France, is the annual meeting of the heads of the main central banks in the world, held in the town of Jackson Hole, in the United States, on August 27 and 28. "Investors will be looking for clues as to what action the Federal Reserve could take in the event of another serious outbreak in Covid-19 cases as we move into the fall, with the added complication of a presidential election early in the year. November, "explain CMC Markets analysts.
Meanwhile, the Republican Party is focused on its own national convention this week, following last week's Democratic convention. At the same time, pressure continues to mount on Democratic House Speaker Nancy Pelosi to reach an agreement with Republicans on a new plan, which will help US states finance budget deficits caused by the pandemic.
