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The Ibex will seek to exceed 9,700 and move towards 10,000 in a week of ECB

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In the end, Ibex failed to overcome the resistance of 9,700 points in closing prices on Friday. This week he will try to definitely leave those levels behind and move towards 10,000 points. For this, it will have the help of the European Central Bank (ECB) – there is a rate meeting on Thursday – and some business results – Bankinter also publishes its accounts on Thursday. In addition, there will be macro data of interest – like the German ZEW – that will help us determine if things are going better in the 'European locomotive'. However, futures come this Monday with increases of 0.15%.

The day begins without the reference of Wall Street, which will be closed this Monday for the Martin Luther King festival. It is hoped, therefore, that today is a day of lower trading volume, with all this usually implies, especially in terms of volatility.

"The central banks will be protagonists this week, with the meetings of the Norges Bank and the ECB on Thursday, and the Bank of Japan, on Tuesday. We will also receive more news on the pace of global recovery with the publication of the PMIS of the Euro Zone , The US, Japan and the United Kingdom, every Friday, "explain the experts at Danske Bank.

The week has also begun with movement in oil due to the intensification of political unrest in several regions. In Libya, the ongoing civil war has caused the blockade of ports and pipelines and forced the national oil company to announce the withdrawal of some 400,000 barrels of oil daily from the market. In Iraq, the repercussions of the recent confrontation between Iran and the United States remain persistent. During the weekend the discontent of the workers led to the closure of one of the large oil fields in Iraq, Al Ahdab, while another, Badra, runs the risk of being closed. Brent crude rose about $ 66 per barrel.

. (tagsToTranslate) Ibex (t) will seek (t) to exceed (t) 9,700 (t) advance (t) towards (t) 10,000 (t) week (t) Category: All (t) Category: Market Report (t) Category : Europe Report (t) Category: International News (t) Category: Pulses (t) Category: Pulses Europe



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