The Ibex conquers the 10,300 thanks to the banks

The Ibex begins the day of this Tuesday with force. It already rises 0.8%, to 10,300 points, and advances in its race towards the 10,500 points (first resistance) of the hand of the banks. Financial institutions add positions after the Federal Reserve has 'threatened' to raise rates four times this year (instead of three times). Chicago Fed President Charles Evans made a statement yesterday in this regard. A tightening of monetary policy is not good news for the market but for banks eager for rate rises ... the more the better.

"It could be three, two, or even four if things really pick up," Evans said Monday. Three other Fed members will speak on Tuesday and Janet Yellen will return on Thursday after the appearance of last week's first rate hike in 2017.

And, meanwhile, the United States still does not want to fall despite the fact that its president is multiplying problems. The FBI confirmed yesterday that it is investigating him for his possible contacts with Russia and the help he could have received from that country to win the election.

Returning to Europe, the Brexit and Theresa May occupy all the covers on Tuesday after yesterday it was confirmed that the departure of the United Kingdom from the European Union (EU) will be activated on 29 March.

In addition to the appearances of more members of the Fed, today there is a meeting of EU finance ministers (Ecofin), which will continue to debate Greece in the framework of the second review of the third rescue.

Finally, in the first French presidential debate, all the chronicles point to the center-left candidate, Macron, as virtual winner. "We understand that this result should be welcomed by investors, as it further distances the possibility of Le Pen reaching the French presidency," analysts at Link Securities said in its report Tuesday.