- In Germany, the G20 meeting is held
A very intense week in which Thursday -how it happened last week with Mario Draghi and the European Central Bank (ECB)- has once again become the key day. Yesterday the Ibex finished at 10,168 points, with a rise of 1.85%, and surpassed the first immediate resistance that had in the 10,090 points. Now, it has the next brake on the 10,450 and, above this level, on the 10,600 points. At the moment, the index has started the day with falls of 0.15%, at 10,155 points.
- 11.276,000
- -0,44%
The index will dodge obstacles as it moves toward its theoretical target, which would be 11,500 points. Banks are strong, as are the rest of the major index values, following the movements of central banks (ECB and Federal Reserve) towards the normalization of monetary policy. At the moment, they are clearly pushing the markets.
In the political-economic sphere, this Friday's meeting between German Chancellor Angela Merkel and US President Donald Trump is news. Merkel travels to the United States with a conciliatory eagerness after the strong criticism that has received on the part of Trump related to its immigration policy, and of the words of the president of the USA putting in question the European project and accusing to Germany to manipulate the euro for Take advantage of it when negotiating with its foreign partners. Meanwhile, in Germany, finance ministers and central bank governors will meet at the G20 meeting.
Finally, in the UK, members of the Conservative Party will participate in the party's Spring Forum, where Prime Minister Theresa May will give a speech. This, in the week in which it has been speculating with the imminent activation of the Brexit, that seems that finally will take place at the end of month.