The Ibex falls moderately after Trump's decision on stimuli

The Ibex falls moderately this Wednesday (-0.15%) after the rises in recent sessions and after the decision of the US president, Donald Trump. This Tuesday night he announced that he no longer wants to negotiate the expected stimulus plan with the Democrats, and he made it known through his Twitter account. The news led US stocks to turn around and close with cuts of 1% on average. Asia has had a mixed journey.

Trump's decision will be one of the issues of the day, given that the imminent approval of a stimulus plan to alleviate the effects of Covid-19 in the United States has been one of the main reasons that has driven the stock markets in recent days.

The Ibex, therefore, faces this obstacle to reach 7,000 points after this Tuesday it closed above 6,900. Technically, the selective managed to close above the bearish gap that it drew at 6,929 points. "For the next few days it seems that we could end up seeing an extension of the gains to the level of 7,110 points. However, we must not forget that its main trend is clearly downward and that at the moment it is only a rebound," he warns César Nuez, analyst at Bolsamanía and head of Trader Watch.

In another order of affairs, UK Prime Minister Boris Johnson used his speech Tuesday at the Conservative Party conference to lay out new plans for wind power projects, reiterating the point that his government has put in place policies to help the economy in these difficult times. Johnson made it clear that the government will not provide an extremely generous aid package forever.

The chairman of the Federal Reserve (Fed), Jerome Powell, said yesterdy that now is not the right time to change monetary policy. "Mr. Powell wants to keep the emergency tools until they are sure they are safe. The US monetary policymaker continues to see downward pressure on inflation globally," CMC experts explain. Markets.

This Wednesday the president of the European Central Bank (ECB), Christine Lagarde, will speak again. Furthermore, the most relevant piece of data on the macro calendar will be the minutes of the Fed's last meeting. The most recent comments from the US central bank suggest that it is content to keep rates near zero until 2023.