• The ECB president will be the main character
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The Ibex 'warms up' (+ 0.06%, 10,270 points) while waiting for Mario Draghi, president of the European Central Bank (ECB), words. Wall Street closed on Wednesday with mixed signs and predominance of green numbers (although moderate) and in Asia falls are having a greater role. 'Expected in everything high' and possibility of everything happening, more when Draghi has the floor.

IBEX 35

  • 10.729,500
  • -0,33%

The Fed raised the rates on Wednesday, as expected, and raised three more increases in the price of money for next year, three increases that Jerome Powell will captain once Yellen leaves the agency in February. Mario Draghi, on the other hand, will foreseeably give more details today about his plans to withdraw the stimulus, while the ECB will offer its economic forecasts for the Euro Zone. These new forecasts, which will arrive until 2020, will give clues to the road map the entity will follow in the coming years.

In addition to the ECB, there is a Bank of England meeting on Thursday, a meeting that takes place at a crucial moment after the agreement reached last Friday by Jean-Claude Juncker, president of the European Commission, and Theresa May, prime minister British, to advance in the Brexit. In fact, this Thursday starts the European Council in which this agreement should be ratified.

All in all, what the Ibex will do or not do in the short term remains a mystery as it continues to fit into the channel between 9,900 and 10,600 ponits and, according to José María Rodríguez, analyst at 'Bolsamanía', nothing is going to change in its technical aspect as long as it does not break, below or above, one of these levels. "It is only necessary to continue confidence that, at some point, the Ibex will end up being able to jump clearly above 10,600 and if it can be in weekly candles, better than better", explains this expert.

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