Ibex 35 under pressure on rising uncertainty over US election

European markets open lower (Ibex -0,6%) on monday as revelations over the weekend increased the uncertainty surrounding the upcoming presidential elections in the United States, which will be held next Tuesday.

FBI announced Friday night that they were analyzing more emails as part of the ongoing investigation into the misuse of a private email server by Hillary Clinton. The revelation, as we read in the international media, could damage the chances of winning the Democrat candidate.

Meanwhile, this week will be marked by the meeting of the Federal Reserve, the penultimate of the year, which will take place on 1st and 2nd November. Nobody expects a change in the price of money in this meeting, but an increasing number of analyst is betting on an interest rates rise.

OPEC countries seem far from reaching an agreement on a cut crude supply. After more than 18 hours of talks in Vienna this past weekend, there was no consensus of producers outside OPEC on the possibility of joining the proposed production cut. Officials will meet later this month in hopes of having a final agreement.