- European stock markets are receiving today the words that Mario Draghi delivered yesterday
The stock markets have settled in their quiet lateral movement (Ibex: -0.16%, 10,680 points) that lasts for weeks and months and gives the impression that they have no intention of getting out of there. Summer is here, more than one already enjoys their vacations and the volume of business, in the case of the Ibex, draws attention in the last days because it is low. Meanwhile, the selective continues to 'play' with the 10,700 while deciding whether or not to move away from the support of the 10,600.
- 19.542,300
- 1,01%
This after the European markets received with rises, in the past day, the public rescue to two Italian banks. It would seem that this is not good news since we started the month with Popular's resolution and we ended with the rescue of Popolare di Vicenza and Veneto Banca, but there is also the other reading, that which sees postive way and which points out that the stock markets are very aware that the situation of the European banking is far from idyllic so, given this situation, each bank rescued is valued as a bank less remains to be bailed out.
In any case, what seems evident is that the markets do not want to take too much of the news, as if they were perfectly aware of the summer period in which we have entered and also intend to rest. Analysts, meanwhile, are equally cautious and bet on a few summer months in which they believe the Ibex will continue on the side, and warn that their behavior will depend a lot on the results season that begins at the end of July. In general, there are good forecasts for the second quarter results but it is true that there are enough analysts who believe that we will see a later-bearer who will continue to dribble down the selective. From below, it speaks of levels of 10,500-10,600 and, above, 11,000-11,500.
Moreover, on Tuesday the European stock exchanges will take into account the words of the president of the European Central Bank (ECB), Mario Draghi. The Italian once again defended the accommodative policies of the European body and said that a premature end to monetary easing could lead to another recession. The euro has fallen following Draghi's comments up to 1.1192 against the dollar from an 11-day high at $ 1.1220.
