The Ibex calmly faces the last session of a positive month

The Ibex will close the week, most likely, in positively. In the accumulated of the four previous sessions, the selective rose by 1.5%, and all these days have been characterized by tranquility (except on Monday, when the increases were more pronounced). It is to be expected that this Friday it will stay calm - at the moment it is up 0.3% - and the week, and also the month, will be end with green numbers.

In the month of August, and awaiting what finally happens today, the Ibex rises by around 3%. It has been a month marked by relations between China and the United States to a great extent, but also by the news about the advances in the vaccine against Covid-19 and by the preparation of the US elections, which are already 'around the corner.

September, meanwhile, will be the month of central banks, with the meeting of the European Central Bank (ECB) on the 10th and with the meeting of the Federal Reserve (Fed) on the 15th and 16th. For now, Jerome Powell , president of the Fed, offered an advance last day from Jackson Hole. The main ideas of his appearance are that interest rates will remain low minimum until 2024 while the central bank will have a free path for inflation.

"The US central banker revealed plans to adjust inflation policy to a median target of 2%, instead of a fixed target of 2%. The news was not a surprise, but it was an interesting development nonetheless," explains David Madden, an expert at CMC Markets in London.

This Friday the Jackson Hole symposium continues and the governor of the Bank of England (BoE), Andrew Bailey, who will speak at around 3 p.m. Spanish time, will be the figure that will be followed with the greatest attention.

All in all, Wall Street closed this Thursday with a mixed sign, with moderate rises in the Dow and the S&P and falls in the Nasdaq. As for Asia, the Nikkei has cut positions, while rises have been seen in the rest of the indices. There, the latest news indicates that the Japanese Prime Minister, Shinzo Abe, intends to resign.

Finally, it should be noted that the Gfk index for consumer climate in Germany for September has remained at -1.8 compared to the expected 1.2 and the previous -0.2.