Capricorn 35, live | European stock markets point to negative opening | Financial markets

What does Ibex 35 do?

EuroStoxx 50 futures are down about 0.4%. The Ibex 35 index fell 0.21% yesterday under pressure from banks to 11,839 points. From Monday to Thursday, the Spanish selective deducts 0.7%. The market remains attentive to business results and macroeconomic indicators, such as the expected Ifo survey in Germany today.

What are the rest of the stock markets doing?

Mixed dynamics today in the main Asian indices. The Nikkei fell 1%, the Hang Seng in Hong Kong added 1.1% and the Shanghai Composite added 0.8%.

Wall Street closed on a mixed note Thursday after a session that featured results and forecasts from major companies such as luxury electric car maker Tesla, owned by tycoon Elon Musk, whose shares soared 22%. The S&P 500 index gained 0.21%, the Nasdaq index gained 0.76% and the Dow Jones index fell 0.33%.

Keys of the day

• The National Institute of Statistics (INE) publishes the Active Population Survey (EPA) for the third quarter after the number of people employed reached 21,600,000 in the second quarter and the unemployment rate fell to 11.27%. It also shows the industrial price index for September.
• In Europe, Germany’s Ifo survey from October stands out.
• There are statements from ECB member Elizabeth McCall.
• In the US, the final reading of the University of Michigan Confidence Index for October is expected. Similarly, the dynamics of orders for durable goods for September is published.
• Moody’s is reviewing France’s rating, while S&P is reviewing the ratings of Belgium and Sweden.
• In Asia, Japan’s consumer price index stands out.
• In Spain, Vidrala presents his results.
• In Europe, Mercerdes-Benz, Eni, Sanofi, Electrolux and Hexagon publish their reports, and in the USA it is Colgate-Palmolive’s turn.

What do analysts say?

Natixis CIB analysts note in their US election research: “Both Harris and Trump will be spendthrifts, proposing policies that will further worsen the long-term fiscal trajectory. Harris’ policies would provide some revenue compensation, but would lead to slower growth and less investment. “Trump’s fiscal policy will support economic growth, but will increase price pressures and worsen the debt outlook.” They add that when it comes to trade, “both Harris and Trump will take a tough stance on China and that, more generally, the possible universal application of tariffs under Trump will have far-reaching consequences. If this policy were approved, we would see a significant slowdown in global growth, while partial implementation would lead to a significant reorientation of global supply chains.”

Analysts at asset manager Federated said: “A Trump win would likely benefit financials, industrials, energy and small-cap stocks,” explains Stephen Auth. If that victory finally comes, “we expect the modest rally we’ve seen since July to strengthen, especially in value and small-cap stocks,” he adds. On the other hand, Trump’s arrival in the White House will have implications for foreign policy, “creating a number of opportunities – and possible pitfalls – for emerging market debt,” says Mohamed Elmi. He notes that the new Republican Legislature could mean “more attention to the Chinese yuan trading in the offshore market,” as well as an impact on aluminum and copper prices due to tariffs expected in sectors such as Chinese cars. Likewise, Elmi notes that Trump is likely to “look favorably on pro-Western governments that are open to investment,” and singles out Argentina or, in Eastern Europe, Hungary. “However, they will also face pressure to increase defense spending. Moreover, if, as is likely, tariffs are imposed on EU exports to the US, the region will suffer disproportionately,” he concludes.

What is the evolution of debt, currency and commodities?

The euro is trading at $1.0822.

Brent crude oil, the benchmark in Europe, rose to $74.55 per barrel.

Spanish bond yields. Signs of a strengthening economy have pushed the 10-year Treasury yield higher in recent sessions; However, yesterday it remained stable at 4.21%.

Stock markets – Currencies – Debt – Interest rates – Commodities