- The National Front candidate, Marine Le Pen, said Sunday that the EU "will die" if elected president of France
- The situation on the other side of the Atlantic is complicated after the withdrawal of the law to repeal the 'Obamacare'
The week starts with politics as a major player in Europe and with falls in the main places (Ibex: -0.68%, 10,238 points). In Spain, Susana Diaz, who is the front page of all the newspapers, has officially presented her candidacy to lead the PSOE. In the United Kingdom, this is the week of the activation of Brexit (this Wednesday, March 29), which coincides with the 60th anniversary of the European Union (EU) and which will take place at a time when international terrorism -the attack last week in London- has returned to the scene. In Germany, all media say that Angela Merkel has paralyzed the 'Schulz effect' after winning the Social Democrat in the small state of Saarland. And in Russia, police detained hundreds of protesters calling for an end to corruption and Resignation of Prime Minister Dmitry Medvedev.
- 19.476,500
- -0,34%
All this five days after the start of April, certainly a key month in this year 2017 for European policy in general and for the future of the European Union (EU) in particular, with the celebration (on 23 ) Of the first round of the elections in France. The National Front candidate, Marine Le Pen, said Sunday that the EU "will die" if elected president of France and has reiterated that it will hold a referendum for the country to leave the EU and that, in the event that the Result is negative, it will immediately decline.
With all these political news as a backdrop, the Ibex faces the week also stressed by what can happen to the other side of the Atlantic. On Friday, Donald Trump received a good blow (also from members of his own party) by not getting a vote in favor of repealing Obamacare. The media speak of a "humiliating" defeat and the President of the United States warns that Barack Obama's health law will eventually break out. Wall Street closed with a mixed balance, with falls in the Dow Jones of 0.3% and increases in Nasdaq of 0.19%. The fear that the 'Trump rally' will come to an end is there and the European markets are not indifferent to this circumstance.
Otherwise, the agenda of the day will bring the German IFO of March and the appearances, again, of several members of the Federal Reserve: Charles Evans, Peter Praet and Rober S. Kaplan. In addition, the European Central Bank (ECB) will hold its annual conference on banking supervision while the Bank of England will issue its 2017 endurance tests to financial institutions. In Spain, and from the business point of view, on Monday the deadline (at 18 hours) for Abengoa to receive 1,170 million from its creditors.