European stocks open higher as Trump effect continues
Analysts expects higher inflation rates
- Japan PIB reached 2,2% yoy, better than expected
Post-election week in the markets. After a few days marked by the election of Trump, Ibex returns to look at the 8,700 points, after falling on Friday 1.37%, to quote near the lows of September and October.
IBEX 35
11.595,000
-
0,50%58,20
- Max: 11.613,40
- Min: 11.525,40
- Volume: -
- MM 200 : 11.308,61
The Spanish index returns to rise driven by banks. The financial sector has awakened with strong rises after retreating last Friday. Caixabank, Santander and Popular are more than 2% up, while on the downside, the main energy companies, such as Iberdrola, Gas Natural and Endesa, are trading with very slight rises.
In addition, the week has started this morning with the GDP data in Japan, which has triggered annual growth to 2.2% to beat expectations. The Japanese Nikkei reacted with strong rises of 1.71% and stands out with respect to other Asian stocks, which fall together.
Investors will remain focused this week to any announcements about Donald Trump's new policies. Analysts hope that the actions taken by the Republican boost inflation, which is again attracting investments in dollars. In addition, traders are giving a greater chance of a rate hike by the US Federal Reserve.
Although it seems still early to assess what the US central bank will do next December, good employment data and the return of inflation seem to wake up Fed members. Last Friday, Stanley Fisher, Fed's vice president, who warned that the arguments for a rate hike were "quite strong", mainly thanks to a "strong economy". The calendar still leaves many macro data before the next decision, and the employment report prior to the Fed meeting will be key within next month.
Later, at 4:00 p.m., Madrid time, the president of the European Central Bank, Mario Draghi, will talk about the future of global monetary policy.