- Wall Street will watch what Donald Trump has to say
- The season of results comes to an end with a veritable avalanche of accounts
The Ibex stood out more than any other European index (+ 0.8%, 9,548 points), supported by the strong revaluations of Ferrovial (+ 4%) and Técnicas Reunidas (+ 3%), which rebound after publishing figures Have liked the market. To the current business must be added political news, because the other focus of attention will be the appearance before the Congress of Donald Trump, which will take place at dawn, with the European market closed.
- 11.154,600
- 1,56%
Donald Trump returns to all fronts Tuesday after announcing an increase in Defense spending of $ 54 billion. Currently, US military spending stands at approximately $ 600 billion per year, bringing the increase by 9%. The president of the United States has once again generated controversy by expressing, clearly and precisely, that he wants the United States to win back wars as when he was young. "We do not win any more and we also do not fight to win. We're going to start winning wars again," Trump said.
Trump will attend today's first speech before a joint session of Congress (it will be at 3 am Spanish time) to defend these and other policies.
And while Trump continues to sow controversy, Wall Street seems impassive and continues to mark highs day after day. This Monday closed with moderate increases, but still in green. The famous investor, Marc Faber, has increased his mythical pessimism and warns that sales will come imminently, by surprise and without any catalyst to generate them. It will be like an avalanche, he warned, and has again recommended underweight US stocks.
RESULTS
In the specific case of the Spanish stock market, many companies have presented results on this last day of the month. Of note are the BME figures, which fall slightly, or those of OHL, which turns around and rises in the Continuous after reporting losses of more than 400 million in 2016. Grifols, meanwhile, is among the worst in the Ibex, Just like Merlin Properties. In addition, Ferrovial and Meliá Hotels are at the top of the Ibex, after publishing their figures yesterday, as well as Técnicas Reunidas, which adds up 3%.
At the macro level, the United States publishes the fourth quarter GDP on Tuesday. Also, several members of the Federal Reserve (Fed), such as John Williams and James Bullard, will speak. In Spain, the current account deficit for December will be published.