- Companies results will continue to set pace for the rest of the week
The Ibex ended Tuesday with moderate declines but above the level of 11,000 points (-0,18%. 11.028 puntos). While waiting for key companies results (such as Telefónica's Thursday), the moderate declines of the last two days in the Spanish index should be understood as a simple consolidation of levels after a rally close to 8% driven by the Result of the French elections
- 19.476,500
- -0,34%
This Wednesday, the United States, which ended yesterday practically flat, with mixed sign - and with the Nasdaq marking new historical highs - and where it is spoken of the decision of Donald Trump to dismiss to the director of the FBI. It is said that this decision is motivated by Trump's intention to curb investigations into the supposed support he received from Russia to win the election.
Oil is also news because the OPEC (Organization of Petroleum Exporting Countries) meeting on 25 May will undoubtedly be one of the most important events of the month. The Brent barrel is now trading 0.47% (up to $ 48.96) and West Texas up 0.59% ($ 46.15) after Reuters reported that Saudi Arabia will cut supplies by An attempt by OPEC to struggle with rising US output.
Meanwhile, the president of the European Central Bank (ECB), Mario Draghi, today gives a speech on the impact of monetary policy. The head of the European body will address the Dutch Parliament around 1 pm, Spanish time.
