The Ibex and the rest of the European stock exchanges are preparing this Wednesday for another day of tranquility after closing yesterday with mixed sign and moderate movements. On Wall Street they saw new all-time highs on the Nasdaq and S&P, while the Asian stock markets have experienced a mixed sign session without surprises. American futures they are trading at this time with very slight falls.
Investors will focus their attention today on the German IFO publication for the month of August waiting for the Jackson Hole symposium to start tomorrow Thursday, from which less and less is expected.
"The last minute decision to hold the virtual meeting appears to be practically a tacit admission by the Federal Reserve that the rise of the Delta variant remains a clear and present danger for the US recovery. Although cases may be beginning to peak now, this could be reversed when schools return next month, "writes Michael Hewson, CMC Markets director of London analytics, in his daily report.
In this sense, experts consider that the latest events in relation to the expansion of Covid-19 could make the announcement of the beginning of 'tapering' (withdrawal of stimuli) be delayed until the September or even November meeting.
Regarding the German data, Hewson believes that the latest floods, together with several factory closures due to shortages of components, could cause further declines in the coming months, while the uncertainty about the upcoming German elections (September 26) could also cause companies to start to be more pessimistic about the overall outlook. Expected a modest decline in business climate expectations and prospects.
The latest rises in the markets, according to many analysts, have been driven by FDA's decision to give full approval to Pfizer and BioNTech's Covid-19 vaccine, "making it easier to force people to get vaccinated," analysts say. Also, on the other side of the Atlantic, the Democrats of the House of Representatives have achieved push forward the first vote on Joe Biden's budget and infrastructure plan.
Returning to Asia, the good tone of the indices there in recent days has contributed the reopening of Ningbo port after two weeks of closure. For its part, the reopening of airport links with Beijing, scheduled for today, raises hopes that the worst of the coronavirus wave in China could be subsiding.
The euro is exchanged at $ 1.1744. Oil yields 0.5% on average, with Brent at $ 70.72 and WTI at $ 67.21.
Bitcoin is below $ 49,000 ($ 48,236) and Ethereum is down slightly at $ 3,191.
The gold and silver left 0.7%, at 1,796 dollars and 23.72 dollars, respectively.
The yield on the 10-year American bond stands at 1.292%.
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