European stock exchanges are listed with high rises at this time (Cac: + 1.5%; Dax: + 1.2%; Ftse 100: + 1%; Ftse MIB: + 1.9%) after China has stressed that it wants no more escalations of the trade tensions. He signs up for new meetings with the US in September, although US Treasury Secretary Steven Mnuchin has been cautious and has not wanted to give specific dates.
- 11.656,600
- 0,39%
For its part, the Ibex 35 deflates and trades with a slight increase of 0.2%. Within the selective, ArcelorMittal, very sensitive to this type of news, is the best performer (3%), followed by Indra and ACS. Enagás and Merlin are the values that fall the most.
Investors also remain outstanding this Thursday in the United Kingdom and Italy. These two countries continue to be, without a doubt, protagonists. Your reality is more than convulsive. However, at the time it seems that doubts begin to clear, for better or worse.
In the United Kingdom, Queen Elizabeth II has approved Boris Johnson's decision to keep the British Parliament closed until October 14, a decision that is part of Johnson's strategy to prevent it from curbing its Brexit plans.
The market interprets that hard Brexit is now closer as British lawmakers would not have time to veto it due to this closure. However, it is also considered that Johnson is now in a stronger position to renegotiate the agreement with the EU and that, in the end, it is possible that he will be able to do so and that a new agreement will be approved 'in extremis' by Parliament. Be that as it may, the measure, which is labeled as undemocratic, has received many criticisms.
"At this time, the easiest way to move forward for British politicians who want to avoid Brexit without agreement is to file a no-confidence vote against Boris Johnson. However, this is easier said than done. It is not easy for moderate conservatives vote against their own government, "say Danske Bank experts.
In Italy, the president of the country, Sergio Mattarella, today commissioned Guiseppe Conte to get down to work to form a government for the country after the agreement between the 5 Star Movement and the Democratic Party. This new government will corner the North League, Matteo Salvini, in the opposition. Salvini - who claims that there is an international plot against him - made a very bad move when he deceided to break his government agreement and announce new elections, for which he presented himself as a favorite. Italy will now have a less radical government, although we must not forget that one of its members is still the far-left party, the 5 Star Movement.
As for the macro data of today, the CPI of Spain fell to 0.3% in August and marks minimums since 2016. For its part, the GDP of France grew 0.3% in the second quarter. Today, the CPI of Germany and the GDP of the second quarter in the US have also been known.
The US economic growth in the second quarter has been 2%, one tenth less than last month. While the Consumer Price Index (CPI) in Germany stood at 1.4% in August, compared to 1.7% growth in the same month last year.
On the other hand, the Wall Street indexes extend its rebound and record gains of 1%.