The Ibex closed last Friday at 9,137 points and will start this Friday with 9,136 points (futures: -0.2%). The selective is completely flat after receiving the support of the banks yesterday and rising 1%. The comings and goings of financial institutions are especially conditioning the future of the Spanish index and also the rest of European places in recent times. The sector has started a rebound in the Old Continent and rises more than 9% in the last month.
- 11.502,700
- -1,47%
The week concludes this Friday with what is known as 'quadruple witch hour', expiration of options and futures on both sides of the Atlantic. This is the penultimate expiration of the year and usually increases the volume of trading and also the swings in the exchanges. Many operations of all kinds are crossed, both up and down in a very short time.
On the other hand, Brexit is also at the center of attention today Friday. The pound has skyrocketed after it was speculated yesterday that the European Union could consider eliminating the 'backstop'. The British minister for Brexit said Thursday that, although there are few days left until the deadline (October 31) is reached, it is still possible to reach an agreement.
In the chapter of the trade war between China and the US, it seems that there are more gestures that bring the positions between the parties closer together. According to the CNBC, the US is temporarily exempting more than 400 types of Chinese products from the tariffs imposed by the Trump administration last year. Exclusions include various goods such as Christmas trees, plastic straws or dog leashes, giving a total of 437 types of products. All of them are part of the 250,000 million dollars in Chinese products to which the US applied tariffs last year.
Moreover, in Asia it has been known that the People's Bank of China has again lowered its one-year loan interest rate to 4.20% from 4.25%. "It is a sign that central banks remain committed to the objective of supporting economic growth. The decision has had little impact on Asian exchanges since the PBOC has met analyst expectations," Link experts say. Securities
As for the macro agenda of the day, the preliminary reading of September of the consumer confidence index of the Euro Zone is published today.
