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The Ibex rises supported by the banks and is already facing the beginning of the course


The Ibex will close the week positively. In the accumulated of the four previous sessions, the selective increased by 1.5% and this Friday adds another 0.5% higher (7,131 points) driven by banks. Bankia increased 5%, while Santander, Sabadell, BBVA or Bankinter appreciated between 2.5% and 3.5%.

In the month of August, and waiting for what finally happens today, the Ibex rises around 3%. It has been a month marked by China-US relations largely, but also because of news about the advances in the vaccine against Covid-19 and for the preparation of the american elections, which are already 'just around the corner'.

September, for its part, will be the month of central banks, with the meeting of the European Central Bank (ECB) on the 10th and with the meeting of the Federal Reserve (Fed), on the 15th and 16th. For now, Jerome Powell, Chairman of the Fed, offered an advance on the last day from Jackson Hole. The main ideas of his appearance are that interest rates will remain low until 2024 while the central bank will have a free hand for inflation.

"The US central banker revealed plans to adjust inflation policy to an average target of 2%, rather than a fixed target of 2%. The news was not a surprise, but it was an interesting development nonetheless," explains David Madden, an expert at CMC Markets in London.

This Friday the symposium of Jackson hole and the governor of the Bank of England (BoE), Anrew Bailey, who will speak at around 3 p.m. Spanish time, will be the figure to be followed with the greatest attention.

However, Wall Street closed this Thursday with a mixed sign, with moderate rises in the Dow and S&P and falls in the Nasdaq. As for Asia, the Nikkei has cut positions, while rises have been seen in the rest of the indices. There, the latest news They suggest that the Japanese Prime Minister, Shinzo Abe, intends to step down.

Finally, it should be noted that the Gfk index for consumer climate in Germany for September has remained at -1.8 compared to the expected 1.2 and the previous -0.2. In Spain, retail sales rose 1.1% in July.

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