The Ibex waits for news from the Fed in red pressured by the declines in Santander

The Ibex continues to fall (-0.44%) as Banco Santander also continues to plunge (-3.73%) after publishing its results. The entity has reported net losses until June of 10,798 million after the update of goodwill by Covid, which has caused a charge of 12.6bn. The bank has said that this adjustment does not affect liquidity, credit risk or the CET1 capital ratio.

Santander has also communicated that it resumes the payment of the dividend after announcing the cancellation of the 2019 and 2020 in April. Thus, it will finally propose the payment of a dividend this year, charged to 2019, of 0.10 euros per share, in scrip. In addition, the entity has reserved six basic CET1 capital points in the quarter for a possible cash dividend against the results of 2020.

All in all, it will be necessary to see if the bank holds or if it increases these declines and, consequently, weighs down the Ibex. While waiting to verify this, investors have another key appointment this Wednesday, and that is what the Federal Reserve (Fed) will have to say after its monetary policy meeting starting at eight in the afternoon.

Danske experts believe that the movements by the body will not arrive until its September meeting. "We do not expect major changes at this meeting (today Wednesday). We hope that the Federal Reserve will continue to express its concern about the economic recovery, especially with the indication that the recovery has stopped last month, more or less, in between of the Covid-19 outbreaks in Texas, California and Florida, "they indicate.

Outside of Spain, the results published today by Deutsche Bank stand out, with net losses of 77 million euros in the second quarter, and Barclays reported that it reduced its profit in the semester by 66.4%, to 765 million .