Capricorn 35, live | Negative tone on European stock markets ahead of stimulus | Financial markets

What does Ibex 35 do?

In a session that appears to be devoid of macroeconomic indicators, Euro Stoxx 50 futures are trading in negative territory. The Ibex 35 index, which ended last week down 1.65%, is below 9,900 points. In particular, today it starts at 9896.6 points.

What are the rest of the stock markets doing?

Wall Street remained in the green for a fifth straight week, helped by quarterly US results that beat expectations and left economic data and the outlook for monetary policy in the background. The S&P 500 index closed above 5,000 for the first time. The index ended the week with a cumulative gain of 1.4%, while the Nasdaq gained 2.3% and the Dow Jones gained a marginal 0.04%.

Keys of the day

• On Friday last week, employment data for January was released, which clearly surprised in terms of 353,000 net new jobs (317,000 in the private sector) and a strong upward revision to December jobs (to 333,000 net). work places). jobs (from references below 200,000), with the unemployment rate remaining at 3.7%.
• In Europe without references this Monday, attention turns to January inflation data from the US, which will be published tomorrow.
• Break in China, where markets will be closed until next February 16th for Lunar New Year celebrations.

What do analysts say?

MacroYield said that after a week with few references to the impact of markets, it expects new data on inflation and retail sales from the US, which could push yields higher again and cause concern in the stock market. “Inflation and private consumption will be important benchmarks. It seems likely that, in light of job creation, increased confidence and a rising stock market in January, retail sales will show strength again this month and make another surprise rise. For the same reason, we perceive some risk that the expected one-tenth reduction in core inflation will not materialize. Thus, the data could trigger new spikes in yield curves and raise doubts about stocks,” he says.

Nuria Alvarez, Renta 4 analyst. “Geopolitical risks, structural issues in the Chinese economy and expectations of continued declines in inflation data now combine with rising financial instability in the United States to be the common denominator of the results season. in America: announcement of cost restructuring programs, making it even more important to pay attention to employment dynamics after strong data in January. We maintain our message of prudence after an increase that appears to remove all risk, in a market where stock selection“

What is the evolution of debt, currency and commodities?

On the oil market, Brent, Europe’s benchmark, fell 0.33% to $81.92 a barrel.

Euros exchange at $1.0793.

The interest rate on ten-year Spanish bonds fell to 3.351%.

Quotes

STOCK EXCHANGE – CURRENCIES – DEBT – INTEREST RATES – RAW MATERIALS

Follow all the information Five days V Facebook, X And LinkedInor in our newsletter Five days program