Terrorism re-occupies all the front pages this Christmas week. The mass outrage in Berlin - which has left at least 12 dead - and the murder of the Russian ambassador in Ankara overshadow this Tuesday, December 20th, in which markets opened slightly up.
Ibex took a breather on Monday and fell to year high closing levels after surpassing them last week and closing Friday above 9,400 points. In the last session, Ibex returned to the 9,300 points (9,336 points) in its attempt to close the year in positive sign, something that will only get if it exceeds 9,544 points. At the moment, Tuesday has few economic catalysts, including the Bank of Japan rate decision, which has chosen to keep the rates unchanged and improved its outlook for the Japanese economy for the first time during the Mandate of the current governor, Haruhiko Kuroda. In the report released at the end of the two-day monthly meeting, the entity considered it likely that "Japan's economy will turn into a moderate expansion".
In addition, the session will continue focused on the International Monetary Fund (IMF) managing director, Christine Lagarde, who has been convicted of negligence by the Court of Justice of the Republic in the 'Tapie case' during her period as Minister of Finance. The Court of Justice will not apply any penalty and the sentence will not appear in her criminal record. Now, it will be necessary to see if Lagarde stays in the position or decides to leave it.
