- The Fed will announce its decision on rates on Wednesday and the ECB and the BoE on Thursday
The Ibex lived on Friday a day of more to less because, to the initial euphoria for that agreement on the Brexit that would allow to pass to a second phase of the negotiations (if it is ratified this week by the European Council), the doubts followed before the possibility that it is not so easy to close some points of it, especially the one that has to do with the Irish border. This being the case, the week starts with the Brexit on the table and the perspectives regarding what might happen at the European summit on Thursday and Friday, all seasoned by a good dose of central banks. The markets, at the moment, quote with moderate hikes (Ibex: + 0.21%, 10,342 points).
- 10.720,700
- -0,41%
On Wednesday will be known the decision on rates of the Federal Reserve (Fed), with that expected-and probably also discounted-rate hike. On Thursday, the European Central Bank (ECB) will decide after explaining in its previous meeting how and when it will reduce its stimuli (it is expected that in this meeting it will give even more details and announce economic forecasts about the region) and that same There will be a meeting of Bank of England types, an interesting meeting because it takes place after knowing that agreement on the Brexit that was, without doubt, the news 'star' of last Friday.
This week is also the last before entering the week of the Catalan elections, which will be held next Thursday and whose result promises to be very close and threatens to prolong the political uncertainty that affects the Autonomous Community and all of Spain. We will have to see how the Ibex is evolving as the critical date approaches and as the different polls with the intention to vote are published. To all this is added that this Friday there is 'four-hour witch' (maturity options and futures on both sides of the Atlantic) which can contribute to see more volatility and volume in the market.
