The tax reform of Trump win the Catalan elections: all Europe in green
Everything points to this week could be attended to the first legislative victory of the president of the United States
- Catalonia will exercise some pressure on the Ibex this Thursday
Donald Trump is close to approving his tax reform and this encourages the markets. It even makes forget the uncertainty of next Thursday's elections in Catalonia. The Ibex showed all doubts last week, losing almost 2% and falling for five consecutive sessions. It will be necessary to see to what extent the pressure is increasing as Thursday approaches and, above all, it will be necessary to see what that electoral result is and whether the time of 'truce' in the Catalan problem or not to end Friday
IBEX 35
11.641,300
-
0,26%30,50
- Max: 11.657,10
- Min: 11.531,00
- Volume: -
- MM 200 : 11.159,84
It is feared that the electoral result will be so fragmented that Catalonia will become an ungovernable Autonomous Community and there are even some who are putting a date for a second election. The other option more awaited is a triumph of the independentistas in as much as an agreement between all the parts of the constitutionalist block seems more than complicated and, in addition, it is very possible that it is not enough. Situation, therefore, tense, that could strain the Ibex even more.
But the European stock markets rise on Monday around 1% (Ibex: + 0.83%, 10,234 points) because the other 'big issue' of the end of 2017, the approval of the tax reform in the United States - an issue that has a direct impact on all global markets - it seems to be progressing well. The media say Monday that Donald Trump is getting closer and closer to his first legislative victory after Republicans in the House of Representatives and Senate confirmed that they have the votes to approve the reform after having reached a final vote this weekend. agreement on a joint version. It is expected that this week they will vote again.
Today, the market welcome the launch of bitcoin futures in the CME stock market this morning has further boosted expectations about cryptocurrency. The bitcoin is trading at around $ 18,945 on Monday, according to the Bitcoin price index of Coindesk. On Sunday they set new records at $ 19,666.
