Wall street The flat day begins its strong rebound on Monday. The so-called vaccine effect (this time, referring to that of Modern, quoted from Nasdaq) seems diluted in the markets waiting, again, for Jerome Powell.
The president of the Fed will appear alongside the US Treasury Secretary, Steven Mnuchin, to continue offering details on measures for the recovery of the world's largest economy. The words (and promises) of the Fed president have already fueled the market on Monday and may do so again.
"The scope and speed of this recession are unprecedented in modern times and are significantly worse than any recession since World War II"Powell said in a statement.
"We are committed to use our full range of tools to support the economy at this difficult time, even when we recognize that these actions are only part of a broader public sector response, "says the Fed representative.
The pandemic has left two sides of the same coin in US retail. On the one hand, Home Depot falls after selling less than expected due to confinement. For another, Walmart It progresses thanks to increasing its online sales during the same period.
US President Donald Trump is also in the news this Tuesday. The most powerful man in the world has threatened Repsol with "devastating sanctions" if he does not stop operating in Venezuela. In addition, he has dropped that he can freeze his country's contributions to WHO.
On the other side of the Atlantic, two news items set the investment agenda. The German ZEW better than expected breathes optimism into the market and the € 500 billion fund presented by France and Germany Subject to deficit reductions and structural reforms, it acts as a counterweight.
Following in Europe, the Ibex 35 falls more than 3% in the face of the debacle of such relevant securities as Telefónica, Sabadell and Bankia. Finally, in Asia, the stock markets have closed in green despite the fact that China has confined one of its cities, as it did with Wuhan after the appearance of a outbreak.
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