The Ibex and the rest of the stock exchanges rise as Trump's health improves

The Ibex and the rest of the stock exchanges move forward with enthusiasm this Monday (Ibex: + 0.9%. 6,813 points; Cac: + 0.7%; Dax: + 0.7%) given the improvement in the health of Donald Trump. As reported by the White House this weekend, Trump was transferred to a military hospital on Friday for observation as a precautionary measure. Bloomberg, for his part, indicates this Monday that the US president is recovering, that on Sunday he left the hospital to greet his followers from the car and that he could be discharged today.

"People are still confused about President Donald Trump's health after he tested positive for Covid-19 last week. While the White House and people close to him continue to say that he is fine and may be discharged today, many sources claim that he is sicker than officials let us know, "explain Danske Bank experts. "What leaves us concerned is the fact that Donald Trump has received oxygen and three different treatments (remdesivir, dexamethasone and antibody cocktail regeneron)", these analysts add, and recall that the first two drugs are used mainly for severe cases, while the third is an experimental drug that has not yet been approved by the FDA (Food and Drug Administration).

"Since we don't know more than anyone else, we will monitor the development this week, but it is interesting that Trump's chances of winning, based on the prediction markets, have declined significantly after his positive test was made public. A new NBC poll / WSJ shows that Biden leads with 53% against 39%, and that the advantage has increased after last week's chaotic debate, "they add from Danske.

Asia ended sharply higher this morning amid the positive news about Trump's health and after the gains seen in the United States on Friday. David Madden, an expert at CMC Markets, believes that the aid package to alleviate the effects of Covid-19 in the US is very likely to occupy the center of attention this week.

"Nancy Pelosi of the Democrats has been in contact with Treasury Secretary Steven Mnuchin recently. Stimulus package talks are likely to remain in the limelight. Over the weekend, President Trump called both sides to reach an agreement. It is clear that the US leader wants to make positive headlines in the last weeks before the presidential elections. This Sunday, Pelosi said that progress was being made on a package, "explains Madden.

This Monday the focus will be on the PMI services for September that the main economies will publish. Economists expect data of 46.3, 46.6, 47.5, 49.1 and 55 for Spain, Italy, France, Germany and the United Kingdom, respectively.