The Ibex and the rest of Europe fall strongly over pessimism for the Fed minutes

"The Fed minutes reflect considerable concern about the outlook for the US economy, where the current health crisis caused by the coronavirus could weigh heavily on economic activity, employment and inflation in the short term, but also pose risks that are considerable in the medium term ", explain the experts of Danske Bank.

"In this context, 'several' officials have suggested that further adjustments would be needed to help the economy. However, the committee does not appear prepared to make an imminent change in its monetary policy framework at the September meeting, and several participants indicated that such a change would be 'appropriate at some point', "these experts add.

On the other hand, geopolitical tensions remain in focus after US Secretary of State Mike Pompeo warned Russia and China that they should not contravene the reimposition of UN sanctions on Iran. Meanwhile, White House economic adviser Larry Kudlow told CNBC on Wednesday that Donald Trump wants to prevent China from accessing some of the proceeds from the sale of TikTok's US operations. Kudlow admitted that it would be "unusual" for the US Treasury to receive some kind of payment.

Regarding the pandemic, France has reported its largest increase in new cases of coronavirus since the beginning of May, before the country emerged from a lockdown of almost two months. Bloomberg, for his part, highlights that Spain has re-emerged as the epicenter of the coronavirus pandemic in Europe after registering the highest number of daily infections per million people on the continent over the course of this week.

Regarding the macro data of the session, today the weekly unemployment claims in the US are published. Furthermore, the market will be watching the minutes of the last meeting of the European Central Bank (ECB).