The Ibex and the rest of the European stock markets rebounded strongly on Tuesday (Ibex: + 1.8%), supported by the latest measures announced by the Federal Reserve (Fed). This Monday, the stocks of the Old Continent were finally able to finish very far from the lows of the session - although they closed, for the most part, in the negative - and on Wall Street the increases were imposed. In Asia, the increases have been very pronounced, driven by new measures by the Federal Reserve (Fed), which will directly buy corporate bonds to increase market liquidity and the availability of credit for large companies.
- 11.674,800
- 0,33%
Also, the US government seems to be insisting on its infrastructure plan again, and according to Bloomberg, it is studying a $ 1tn plan for this purpose aimed at boosting the economy.
This news propelled the European stock markets this Tuesday after it started the day yesterday with falls of 3% for fear of a re-emergence of the coronavirus.
On the other hand, the Reserve Bank of Australia today published the minutes of its June monetary policy meeting, in which the central bank council "recognized that the substantial, coordinated and unprecedented relaxation of fiscal and monetary policy in Australia is helping the economy in this difficult period. " The Bank of Japan, for its part, has decided to keep rates unchanged at -0.1% and has expanded its business loan program. The Nikkei has closed with increases close to 5%.
The UK unemployment rate for April has been published today, standing at 3.9% versus the expected 4.7%. In Germany, the CPI for May registered a monthly drop of -0.1%, in line with expectations. This Tuesday the ZEW will also be known in Germany. Also, Jerome Powell, president of the Fed, is scheduled to speak this week as he will present his semi-annual report today and tomorrow before the Senate and the US Congress. "The bearish view he gave on June 10 is expected to echo, when he noted that rates would remain near zero until 2022," analysts at Danske Bank said.
