Flat opening on European stock markets before Fed's decisive meeting
Non-OPEC countries agreed to cut production by 600.000 barrels per day
Flat opening in Europe, where stocks are facing one of the most awaited weeks of the year, with the meeting of the US Federal Reserve, which will decide whether to finally raise interest rates this year. The Ibex advances 0.1% in the opening despite concerns about European banking sector.
IBEX 35
11.529,700
-
-0,76%-88,20
- Max: 11.605,00
- Min: 11.486,10
- Volume: -
- MM 200 : 11.143,04
Following last week's gains, when the banking recovery encouraged European stock markets, investors are already focusing on the Fed meeting that begins Tuesday. The US central bank, which last December announced 4 rate hikes for this 2016, is facing its last chance to raise them at least once before the end of the year.
In the Spanish market, one of the values that remains on fire is Banco Popular, which despite losing a 3.84% on Friday, it rebounds on Monday by 2.8%. The bank's shares remain above 1 euro, and keep the 'Saracho effect' alive.
In the oil market, Brent rises to its annual highs and has reached above 57 dollars per barrel, a level that had not explored since July 2015. This rise comes after the agreement of countries outside OPEC , Which over the weekend have finally agreed to cut production by 600.000 barrels per day.
