- The Dutch start voting. The result of the elections will be known at dawn
- The Federal Reserve will announce its decision on rates from 19:00 Spanish time
The first reference of this session is Inditex, one of the main blue chips of the Ibex. The company has gained 10% more in 2016 and has increased its sales by 12%, in line with consensus estimates. Inditex has also announced that it will propose a dividend increase of 13.3%.
- 11.656,600
- 0,39%
The Ibex (+ 0,33%, 9,939 points) will be moved on Wednesday due to what makes Inditex in the stock market (+ 0.83%), but also conditioned with the caution that does not know what will happen today in the elections in Holland ... without forgetting what the Federal Reserve (Fed) has to say about interest rates from 19:00 Spanish time.
These last two references will be known with the closed European exchanges and will be quoted tomorrow Thursday. The result of the elections in Holland will arrive at dawn.
As for the Fed, the market expects a rate hike, the first in 2017. This decision would be discounted, but on Tuesday the television Jim Cramer, driver of CNBC's 'Mad Money' program, warned that, While this rate increase will be well received by the banks, there are many other sectors that will suffer for this reason and warned that the markets could register a sharp downward movement.
The Spanish index faces all these references far from the 10,000 points (9,900 points) after the 1% drop of last day. Technically, these cuts do not mean anything important, according to the analysts of Bolsamanía.
Finally, note that the Governing Board of the FROB has agreed on the merger Bankia-Banco Mare Nostrum (BMN). "The merger of Bankia and BMN is the best strategy to optimize the resilience of public aid to a future divestment process," it said in a statement.