The Ibex rebounds 1% this Wednesday driven by the banks and after the general falls that were experienced yesterday in the Old Continent. Wall Street ended with a mixed sign (with more pronounced declines in Dow Jones and S&P and slight increases in S&P) and Asia has seen a day of contained increases. In China, its May producer price index fell 3.7% from -3.3% expected. For its part, its consumer price index rose 2.4% year-on-year in May, less than the 2.7% increase estimated by economists.
- 11.470,700
- 0,03%
Investors around the world will be watching the conclusions of the two-day meeting of the Federal Reserve (Fed) today. And here, in Spain, the protagonist is Inditex, which has published its figures for the first fiscal quarter, a period in which it has lost 409m euros. The company has started the day with falls, but it has already turned around.
Inditex has also announced that it will propose an ordinary dividend of 0.35 euros per share, which will be paid out on November 2. Likewise, regarding the extraordinary dividend, it has communicated that its payment is postponed to next year.
The market does not expect any further action from the Fed, but even so, what Jerome Powell has to say about the situation and the economic outlook will be very relevant. "It is likely to reiterate the point that they are willing to do whatever it takes to support the US economy. Investors will be on the lookout for economic projections," says David Madden, an analyst at CMC Markets in London.
As for the technical aspect of the Ibex, the falls on Tuesday fall within what Bolsamanía analysts describe as a well-deserved break in its climb to 8,000 points. In fact, after rising 25% in less than a month, the index could fall to the 7,200 point area before trying to attack those 8,000 again, points out César Nuez, an expert in Bolsamanía.
Finally, it should be noted that this Wednesday the OECD publishes its economic perspectives, with a semi-annual analysis of the perspectives of its member countries.
