Ibex starts 2017 with moderate falls
It starts 2017 in stock market and does it with a 'strange' day, with some markets as London or US closed by celebration. Predictably, therefore, the session will be marked by the low volume due to these circumstances and also due to the fact that, in Spain, the Christmas holidays are not over as this Friday is the Three Kings Day. At the moment, after opening with 0.3% falls, Ibex is rising around 0.10% (9,361 points).
This year begins marked again by terrorism, one of the greatest hurdles of 2016 that just finished and that seems to continue in 2017. The Istanbul attack, which has left at least 39 dead, returns to emphasize that this is the great problem that civilized world is facing now.
The stock markets will not be unaffected by this huge problem, which will undoubtedly continue to condition them in 2017, for which experts expect moderate rises in the main indexes, which will also see marked evolution due to political uncertainty. In the United States, Donald Trump will finally take office on January 20th. The different world stock exchanges are preparing to see how the policies promised by the magnate are materializing, but also to see what happens to populism with the next elections in France and Germany.
In Asia, the main markets, including China and Japan, have also been closed on Monday while the Korean stock market has ended session flat. In China, a central bank adviser has said that the country's government should set a more flexible target for economic growth this year to give more room for reform efforts, Reuters reports. The Chinese economy grew by 6.7% in the third quarter over the previous year and seems poised to reach the government's forecast placed between 6.5% and 7% driven by higher government spending.
