The Ibex seeks increases at the start of a week full of macro references

The Ibex seeks to start the week higher (European futures: + 0.2%). The next five days will be loaded with relevant events that will serve as a catalyst for the markets, both business and macro.

To begin with, this Monday the markets have seen the latest GDP data in China. The Asian giant's economy grew 4.9% in the third quarter, above the previous 3.2% and below the estimated 5.2%.

At the business level, a lot of news this Monday. Prisa has reached an agreement to sell Santillana Spain and to restructure its debt; AmRest to sell its Glovo stake to Delivery Hero; Blas Herrero will meet with union representatives from Duro Felguera to present his plan to guarantee the viability of the company; and Solaria finally debuts on the Ibex, among other things. In addition, results will be published throughout the week. Philips announced this Monday an improvement in its third quarter net profit of 32% while the pandemic stimulates demand from hospitals.

This Monday there is also a PharmaMar press conference to explain the progress of its investigation with Aplidin against Covid.

Likewise, today there is an important meeting of the financial sector in which multiple personalities will speak, and the president of the Fed, Jerome Powell, will appear at the IMF.

Over the next few days, the results season will start in Spain (with the accounts of Enagás, Iberdrola or Bankinter), relevant macro data will be published (such as the PMI, on Friday) and the market will see an important update on the vaccine for Covid, at the meeting of the expert committee of the FDA (Food and Drug Administration) on Thursday.

THE SECOND WAVE AND BREXIT

The second wave of coronavirus in Europe remains in focus, as well as Brexit after discussions between the European Union (EU) and the United Kingdom last week, which ended with both parties still more at odds.

Prime Minister Boris Johnson said last week that the talks were "over" and the UK should "prepare" to trade with the EU from January 1 without a deal. In signs that there might be some room for maneuver yet, trade talks will continue this Monday, but not in person, as previously planned.

In the news on coronavirus, the Italian prime minister on Sunday announced more measures to curb a second wave of infections, including restricted restaurant opening hours and limits on public gatherings. The move comes after more than 11,000 new cases were reported Sunday.