The Ibex rises around 0.60%, hovering around 8,920 points after a weekend in which the german elections they have developed within the expected and Evergrande continues to operate.
Even the solvency problems of Evergrande’s electric car subsidiary have been mollified by the umpteenth Bank of China liquidity injection today.
All this is leading to an Asian session are rises that are also appreciated in the futures of Wall Street.
The German Dax it rises more than the Spanish index (exceeds + 1%) although the news of the day in the markets may be the price of crude what has marked maximums not seen since October 2018.
The barrel brent it has reached $ 79.50 although now it is somewhat below.
Also striking is the strong bounce of the cryptos They have recovered much of what was lost on Friday after its ban in China.
The bitcoin, which reached 40,000 on Friday, today is around $ 44,000.
The oro it also bounced from its two-month lows to $ 1,760 an ounce.
Less volatile is the euro/dollar which is trading flat at 1,172. The fixed rent continues without loosening and continues the rise in returns that began after Powell’s words announcing the tapering in November.
Tapering from the Fed
In this regard, this weekend two female members of the Fed have been quite clear:
“I support starting to reduce our purchases in November and concluding them during the first half of next year,” said the president of the Federal Reserve Bank of Cleveland, Loretta Mester.
On the other hand, the president of the Kansas City, Esther George, said “the criteria for further substantial progress have been met.”
Interesting new forecasts for Goldman Sachs on the prices of various assets. It does them at 3, 6 and 12 months but since the longer they are, the less reliable, let’s focus on the 3 months to see what they expect in the short term.
Come the S&P500 to 4,550, that is, they foresee 2% more travel between now and the end of the year. They also expect the debt profitability both in Europe (that the German 10-year bond goes from -0.30% to -0.20%) and in the United States (from the current 1.3% to 1.60%).
He also believes that euro/dollar will reach 1.20 from the current 1.17 and continue to see more increases in the raw Materials, although at a lower rate (they see Brent at 80, today it is at 79).
National market news
According to the press, yesterday the Peruvian Prime Minister, Guido Bellido, threatened to nationalize the Camisea gas field if the consortium that exploits it refuses to renegotiate the distribution of benefits in favor of the State.
The Camisea consortium is made up of Pluspetrol with a 27% stake, Hunt Oil 25.1%, SK Innovation 17.6%, Tecpetrol 10%, Sonatrach 10% and Repsol 10%. Analysts consider the effect it may have on the price of the Spanish oil company limited.
This week in the national market we have on the agenda tomorrow the presentation of results of Ence and on the 29th those of Solaria, member of the Ibex.
The same day Ebro and Bankinter will discount the dividend to be paid on October 1, while on the 30th the Socimi presents results Lar.
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