The main European indices have closed with cuts in a session in which investors have been pending political uncertainty in France and Trump’s pressures on the Fed. The IBEX has been left 0.96% and will leave tomorrow from 15,119.30 points. The Spanish selective has chained two falls for the first time in a month.
Day on which sales have been imposed on the main European stock exchanges. The investors of the Old Continent keep the caution in the face of political uncertainty unleashed in France after Prime Minister Galo, François Bayrou announced on Monday that will be submitted next September 8 to a vote of confidence in Parliament for its impopular savings plan of US $ 51,200 million. The positions that the French government falls are high after the entire opposition has announced that it will vote against. The Paris Stock Exchange lives its second session of falls greater than 1%.
The other focus of uncertainty comes from the United States. Donald Trump has fulfilled his threat and announced the dismissal of Lisa Cook, a Fed governor indicated by mortgage fraud. This dismissal is another chapter of the pressure that the Trump administration is exerting on the institution and its president, to which he claims to lower the types.
Investors are not going to have a moment of respite this week, because tomorrow the presentation of the results of Nvidia will take place. Their accounts can condition the evolution of markets. The other great appointment of the week will arrive on Friday with the publication of the indicator preferred by the Fed to mark its monetary policy: the deflator of personal consumption (PCE). The data is expected to rise for the third consecutive month. The next meeting of the Fed will be on September 17 and the analysts already discount that it will be then when the type cuts in Powell occurs.
The IBEX closed yesterday with a 0.85%drop, up to 15,265.50 points. Today it has given continuity to the cuts and has lost the 15,200 pointswith what moves more from its maximums since 2007 that set on Friday at 15,396 points. Specifically, 0.96% has been left and will leave tomorrow from 15,119.30 points. The IBEX had not chained two downward sessions.
The main ballast of the Spanish selective has come today from banks such as BBVA (-1.86%), Santander (-1.63%) and Caixabank (-1.03%). Acerinox (-1.74%) and ArcelorMittal (-1.13%) highlights have also subtracted points. Among the few values in positive, the titles linked to renewables, such as Solaria (+2.46%) and actuate (+0.46%), which have bounced after yesterday’s descents, when they were dragged by Orsted’s collapse, after Trump ordered to stop the construction of the Marine Winding Park Revolution Wind. They have also traced useful positions such as Naturgy (+0.29%) and Endesa (+0.04%).
In line with the Ibex, the rest of the European squares have fired the session in negative. The German Dax has depreciated 0.50%; the French CAC, penalized by the political crisis, 1.70%; Italian MIB, 1.32%; and the British FTSE, 0.60%.
Debt, currencies, gold, bitcoin and oil
In the debt market, very lively after Powell’s words on Friday, the performance of the low German BUND of 2.75% and that of the Spanish Spanish bonus is below 3.30%. In the United States, the return of the ten -year bonus remains about 4.30%.
In the currencies, the euro goes back positions on US $ 1.16, while the pound approaches US $ 1.35. Gold continues to gain positions above US $ 3,400 per ounce and is already around US $ 3,430, while Bitcoin deflates and loses US $ 110,000. The Brent oil barrel comes to lose US $ 67 and that of crude West Texas, reference in the United States, trades at US $ 63.
