It's Draghi turn, will encourage the markets like Yellen?

The week beginning Monday (Ibex: + 0.06%, 10,654 points) will count as the main catalyst with the appearance of the president of the European Central Bank (ECB), Mario Draghi, which will take place this Thursday in the framework of the meeting of Types of the organism. Europe moves towards monetary normalization, just like the United States, and the Italian is expected to focus his words in that direction. Janet Yellen, who spoke last week before the American Congress and Senate, got through with her speech also aimed at monetary normalization to encourage the stock markets. The doubt will be in check if Draghi gets the same.

In addition, as last week, the other catalyst for markets over these five days will come hand in hand with business results. Accounts will continue to be known on both sides of the Atlantic, and here in Spain, the season of second quarter figures will start with Enagás on Tuesday and Iberdola on Thursday.

The Brexit will be another of the protagonists of this week in the framework of the resumption of negotiations between the United Kingdom and the European Union (EU). Brexit's British secretary David Davis will resume talks with MEP Michel Barnier in Brussels on Monday. Negotiators are expected to split into groups to discuss four areas ahead of a scheduled press conference on Thursday.

In the business world, the British chain ITV announced Monday that Carolyn McCall will become its new executive director. McCall, who has served as executive director of easyJet for seven years, will take up her new position at the UK's largest free-to-air commercial broadcasting chain on 8 January next year. Meanwhile, China has reported stronger-than-expected data on economic growth on Monday. The Chinese economy grew 6.9% year-on-year in the second quarter.