Ibex struggles to stay above 9,400

European investors return to the trade this Thursday with their eyes focused on the European Central Bank (ECB), which will publish before the opening of Wall Street the interest rate decision of its last meeting. Although the forecasts point to everything will stay as it is, any further information can be key.

Ibex returns to the positive sign to try again to surpass the 9,400. The Spanish index seems dormant in the last days, waiting for important data that move to the market, with values like Popular and IAG marking strong movements in the last sessions. This Thursday the banks seems to pick up the rises and stand positive, with Bankia leading.

DRAGHI, MAY, TRUMP, THE PROTAGONISTS OF THE WEEK

Regarding the possibility of changes in rates on deposit facility, which currently stand at -0.4%, any change by Draghi will activate the movements in the banking sector.

Regarding Brexit, which was spoken on Tuesday by the new British Prime Minister, Theresa May, some London banks said they value opening subsidiaries in other European countries and transferring employees from the UK.

On the other hand, another key moment of the week will be the ceremony of inauguration of the presidency of Donald Trump, to be held this Friday in the United States. The Republican will speak before this Thursday, in a speech prior to his appointment tomorrow.