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The Ibex and the rest of Europe await Jerome Powell's words



The day long awaited by investors has finally arrived. The president of the Federal Reserve (Fed), Jerome Powell, will speak today (around four in the afternoon Spanish time), within the framework of the Jackson Hole symposium. Much was expected of this appearance weeks ago and much less is expected now. The current context, with the expansion of Covid due to the Delta strain and what this implies for recovery, makes Most economists believe that Powell today is not going to detail plans to reduce asset purchases ('tapering').

Most experts believe that the head of the US central bank be cautious and wait for the September meeting to detail the future of monetary policy, which is why they believe that, finally, this appearance will not be so decisive.

Be that as it may, your words are, without a doubt, the most important thing this Friday and the most relevant of the week. Investors are also turning their gaze across the Atlantic to the consumer price index, known as PCE, for the month of July, which has registered its highest growth since 1991, 4.2% compared to a year ago, exceeding forecasts and the previous data.

The Ibex is trading flat (8,892 points), while the rest of the indices also yield slightly. In Asia, bags have lived a calm and uneven movement session after what Wall Street will close this Thursday with falls (Dow Jones: -0.54%; S&P: -0.58%; Nasdaq: -0.64%).

Within the Ibex, Siemens Gamesa, PharmaMar, Meliá or Mapfre are among those that do the worst, and banks also decline. Colonial and Merlin, with increases of over 1%, are the best. Rovi, after yesterday's 13% crash, it rises just over 3%.


US President Joe Biden promised yesterday complete the evacuation of the Americans and their allies from Afghanistan after a terrorist attack near Kabul airport it will claim the lives of more than a dozen American service members and many Afghans.

"We will not be deterred by the terrorists. We will not let them stop our mission. We will continue the evacuation," Biden said from the White House. "We will rescue the Americans, we will take out our Afghan allies and the mission will continue. The United States will not be intimidated," he added.


The euro is trading at $ 1.1758 (+ 0.07%). Oil rose 1.5%, to $ 72.06 for Brent and $ 68.43 for WTI.

Gold and silver advanced moderately, to 1,798 dollars and 23.66 dollars, respectively.

Bitcoin is up 0.76% ($ 47,267) and Ethereum is up 0.2% ($ 3,116).

The yield on the 10-year American bond stands at 1.344%.

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