• The Federal Reserve this afternoon communicates its plans regarding the balance and could give clues on the rates
  • The Ibex moves away from the 10,400 points
amancio ortega portada zara

Inditex and the Fed. Or the Fed and Inditex. This is the binomial to the sound from which the Ibex moves Wednesday. At the moment, they persist in the selective Spanish (-0.3%, 10,344 points) pressured by cuts in Inditex, which is the worst value of the index after publishing results (-1.91%). As for the Fed, it is true that its monetary policy decision will already be known with the European stock markets closed (and will be quoted from this Thursday), but it is also true that investors will move throughout the session conditioned by what goes or is not going to say the central bank.

  • 11.085,700
  • -0,23%

The Fed is expected on Wednesday to announce its intention to begin reducing the balance sheet next month and to give more clues as to what it intends to do with interest rates by the end of the year. It is striking that some analysts believe it will live up to its plans and raise rates a third time in December. However, another party considers that it will not do so because of the pressure of inflation, of Harvey and Irma and the moment that it crosses the own organism, with the imminent exit of Janet Yellen.

The company os Amancio Ortega has announced a 9% increase in its profit in the first half of 2017. Total sales increased by 11.5%, to 11,671 million euros. However, analysts are not satisfied with these figures due to non-compliance with forecasts, especially in gross margin, due to the impact of the appreciation of the euro. There is also concern about the downward trend in comparable sales due to competition from the internet payers.

In the other part, Donald Trump and his words about North Korea before the United Nations Assembly are news. The president threatened to "totally destroy" North Korea. At the same time, he called the "socialist dictatorship" of Venezuela "unacceptable." His words have generated reactions, such as that of Nicolas Maduro, Venezuelan president, who accused Trump of threatening him with death. Last week saw new record highs on Wall Street (Dow Jones: + 0.18%, S & P: + 0.11%, Nasdaq: + 0.10%).

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