Expansion / The european stock markets extend the path bearish of Wall Street and Asia. The imminence of the elections in the US, and in particular the uncertainty generated by the surveys, steals the limelight even to the Fed meeting. The Ibex lost 9,000 points in his third session of declines, with Popular, and the bench at the front of the cuts.
In a few occasions the meeting of the Federal Reserve assigns the leading role of the day to the other references from the united States . But in the absence of less than a week to the presidential elections , the markets have gone to extremes caution as the latest polls show that Hillary Clinton would have lost all his advantage over Donald Trump . Some surveys even put Trump in the head. The investment firms are prepared for all sorts of scenarios, and analysts such as Barclays warn of a severe corrective, superior to the double digits , in the case of a victory of the republican candidate. The recent experience of the referendum in the Uk, with an unexpected triumph of Brexit, also invited to adopt a more defensive profile.
a Much more predictable will be the outcome today of the meeting of the Federal Reserve . The analysts remind that, historically, the Fed has avoided with its decision to alter an election campaign. Hence, in the absence of less than a week to the election is practically ruled out, a rise in interest rates. The rise is deferred, in principle, to the meeting of the next month of December .
sales take off in the u.s. markets. At the close of yesterday Wall Street ended with declines of 0,68% in the S&P 500. The falls move in addition to the price of the dollar . After the recent electoral polls in the US, the euro comes out reinforced in the 1,10$ , above the levels it started the week. The pound also took advantage of the situation to gain a foothold in the 1,22 dollars.
The movements in the foreign exchange market have been determining factors in the remedy that has suffered the Tokyo Stock exchange. The Nikkei has deflated a 1,76%, pressured by the rebound of the yen against the dollar. An hour later, the Shanghai Stock exchange has extended the wake bassist with cuts of 0.6%.
The red numbers now reach to the european Exchanges . The Ftse 100 was zoomed in to a greater extent of the barrier of 7,000 points, and the declines stood the German Dax below the 10.500 points. The oil companies have to cope with the downward pressure coming in the last days the price of crude oil. Among airlines, Lufthansa has slowed its growth forecasts in the final stretch of the year, at the time that he suffers the threat of possible ‘landing’ of Ryanair in the airport of Frankfurt. By contrast, EasyJet highlights the signs of recovery that shows the French market after the downturn suffered due to the terrorist threat. The results serve as a salutary lesson for the price of Hugo Boss. The German company, in addition, will strengthen its program of cost cutting to maintain its levels of profitability. In the financial sector again stress the descents of Monte dei Paschi, with falls of up to 10%.
The Spanish Stock market is headed for its third consecutive day of declines. The falls, in addition, delete the level of 9,000 points, after closing last week above 9.200. Unlike what happened in previous weeks, the Ibex is leading the losses in Europe, with decreases that are duplicated by times recorded in the rest of continental spots.
The resumption of the season of results shares the limelight with the financial sector. The investors do not lose sight of the evolution of Banco Popular. The drip bassist continues, and with its fall low of the 4,000 million euros of market capitalization , despite the expansion of 2,500 million made this year. The correction in recent days has spread to the whole of the Spanish banking sector, the main architect of the increases of the Ibex in October. The two big players in the sector, Santander and BBVA, are not fought nor of the downs. In today’s day, the analysts of Credit Suisse and Berenberg differ in their perspectives on Bankia , with recommendations of ‘sobreponderar’ and ‘sell’, respectively. The results re-emerge hand-in-hand from Natural Gas. The energy collides with 18 euros per share, and jeopardized the favorable balance that builds up on the year after posting a 15% decline in their benefits .
The oil companies see braking climbing that starred in previous weeks. The price of oil accelerates its correction, and the barrel of Brent was away again the psychological barrier of $ 50. In their falls comes down today of the $ 48. The barrel type West Texas, for its part, is folded up to 46 dollars. The progress between the commodities is concentrated in the price of gold . The uncertainty about the US election and the brake of the dollar drives the price of the precious metal to the brink of $ 1,300 an ounce.
The public debt market also reflects this atmosphere of greater caution. The return required for the bonus Spanish up to ten years exceeds 1.2%, while the German bund is regaining appeal as a refuge. The result is a rise in the risk premium of Spain by over 110 basis points.
SPAIN: The Ibex loses the 9,000 points
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