He Ibex 35 advances 1.3%, up to 7,200 points, and leads earnings in Europe. Today investors are watching the data from Germany (GDP has registered a record fall of 9.7% in the second quarter, although with a slight improvement over Destatis' previous estimate; August IFO has exceeded expectations) and of what it has to do with the US and China, after the latest more optimistic news. In addition, the multiple information related to vaccines is also supporting the indices.
US Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin have had a telephone conversation with Chinese Vice Premier Liu He, to "discuss the implementation of the historic 'phase 1' of the trade agreement between the United States and China," according to a statement from the office of the US Trade Representative (USTR) published Monday night. The conversation it has also been confirmed by the Chinese state media agency Xinhua.
According to the USTR, "both parties they see progress and are committed to taking the necessary steps to ensure the success of the deal. "
This comes after, over the last few days, the progress of the negotiations between the two powers has been called into question after last weekend scheduled meetings will be postponed and no new date will be set for them, and after Donald Trump declared that he did not want to talk about this matter for the moment.
Plus, Vaccine News – Trump Wants to Authorize Oxford and AstraZeneca Vaccine Before Election; Moderna has said it will supply 80 million doses of its vaccine to the European Union– they are also helping the markets.
"The positive news about potential vaccines and treatments for Covid-19 They open the door wide to a rotating carousel of stocks"says Stephen Innes, AxiCorp's head of global markets strategy.
"If the symptoms of infection could become as mild as a cough or runny nose during the flu, the economy could return to normal ", Add.
Asia ended with a dominance of the green numbers this morning (especially well the Nikkei has done) after yesterday's rises in the US, where the S&P marked a new all-time high. Apple also hit an all-time high, dragging other tech companies with it.
Finally, underline that markets still waiting for Fed Chairman Jerome Powell's speech, who will speak at the Jackson Hole central bankers summit that takes place between Thursday and Friday. Powell is expected to outline what could be the central bank's most active effort to stimulate inflation to a healthy level, while laying out the keys to the upcoming changes to the Fed's monetary policy framework.
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