The stocks fears Trump and his trade war: Ibex dribbles down

The second session of the week has many chances of the Ibex losing 9,300 points (the selective opens with slight rises of 0.11%). This Monday, the Spanish index yielded 0.8% and was on the verge of leaving behind 9,300. The negative close of yesterday on Wall Street (with moderate cuts, of course) does not help in a possible upward reaction of the Ibex.

Trump occupies all the covers and focuses all eyes. A possible US trade war with the rest of the world does not like the market or investors, who insist that Trump's protectionist stance with breaking deals (the president has given the order to remove the United States from the Free Transpacific Commercial Agreement), can not lead to anything good.

At the business level, the fourth quarter results season begins. This Tuesday they publish SAP in Europe and Verizon, Johnson & Johnson or Alcoa in the United States. In Spain, starts Wednesday with Santander. Yesterday banks fell sharply in the face of international political tensions, but also because of the uncertainty over the publication of results. The consensus expects an improvement in its accounts but the floor clauses may outweigh the figures for this fourth quarter of the year.

In Asia, Samsung has announced a 50% increase in its fourth-quarter net income. The diversification of the company, which is much more than a mobile company, has allowed it to cushion the consequences of the massive withdrawal of its Galaxy Note 7 handsets and its executives' investigations of corruption.

Also starring in the week will be oil, which is showing quite volatility although it stays in the range between 50 and 55 dollars and the market will be very close to Theresa May and Brexit.