The moment of truth for the Ibex, can it with the 10,500? – Five Days

The moment of truth for the Ibex, can it with the 10,500? – Five Days

The Ibex boots, very slightly upward, which would be the fourth consecutive rise in the four days of this week. Only the increase in weight was Monday, but the market can at least see close 10,500 points, having flirted with 10,000 two weeks ago. Currently, selective sum less than 0.2%.

The eyes of investors are now less pending war and diplomacy and numbers and statements. The minutes of the Fed yesterday said some committee members consider appropriate market raise interest rates if the economy improves. The market did not take it badly; in fact the S & P 500 was close to the record. For two reasons: one, if the economy improves is not such a bad thing, and two, that the minutes of July may be less indicative of what they say at the meeting in Jackson Hole Fed bankers today and tomorrow

Ben Bernanke always took advantage of this conclave of monetary policy to prepare the market and suggest future trends. Investors do not expect Yellen displayed very likely to raise rates soon, as it is an economist who pays close attention to the labor market, but the minutes of the Fed have even more interest to this meeting.

The other effect that such acts had been to strengthen the dollar against the euro: support broken the $ 1.33 minimum spraying and marking has $ 1.324, the lowest level since September. The possibility that the United States has also thrown up rates of the dollar against other currencies. That has allowed up to the Japanese stock market. The China has fallen to around 1% by evil PMI data for industrial activity, with the third consecutive decline and rather worse than expected.

Meanwhile, the Spanish risk premium also moves of 141 basis points, while the interest of the Spanish ten-year bond continues its downward path and go down to 2.394%, down from 2.402% previously and below the historic closing low. If it is low not because the interest of the German 10-year debt is also situated at minimum levels below 1%.

In Europe, while the economy is in another phase, although not very clear whether recovery, relapse or stagnation. To help today’s purchasing managers indexes are published in the major economies of the area, which will target if bad data is scare or trend GDP.