Capricorn 35, live | Stock markets undecided with focus on US GDP and results | Financial markets

What does Ibex 35 do?

Euro Stoxx 50 futures opened slightly lower in a session once again marked by the presentation of results from Spanish listed companies. The Ibex 35 index closed down 0.2% yesterday, although it managed to hold on at 10,100 points.

What are the rest of the stock markets doing?

Asian stock markets fell amid an atmosphere of caution.

Wall Street finished on a mixed note yesterday, with the Dow Jones Industrial Average, its leading benchmark, down 0.25% as investors await data that could impact the US Federal Reserve’s (Fed) easing cycle.

Keys of the day

• Operators are awaiting the release of the latest inflation data this Thursday, which will provide insight into the state of the economy and the direction of monetary policy, especially interest rates set by the Fed.
• The wave of corporate results presentations in Spain continues. Today it is the turn of Endesa, Redeia, Solaria, Aena, Indra, FCC, Metrovacesa, Dominion and Talgo and others.
• Consumer confidence is spreading in Europe, and one of the keys of the week arrives in the US: the first GDP report for the fourth quarter of 2023. No major changes are expected from the preliminary reading, which showed the US economy maintaining its strength, growing 2.5% in 2023. Data on personal consumption and the GDP deflator are also published.
• Economy Minister Carlos Bodi is in Sao Paulo for the G20 meeting, which also includes European Central Bank (ECB) President Christine Lagarde.

What do analysts say?

Enguerrand Arthas, manager of the La Financière de l’Echiquier (LFDE) fund, on the possibility of a return to inflation: “The global context does not seem to lead to a strong recovery in prices. At the supply level, supply chains have returned to normal, barring the recent unrest in the Red Sea, and between deflation in China and the recession that has hit several major economies (Germany, Japan and the UK): “The global economy is showing little sign of overheating “

The Eurizon Governor comments that “the overall scenario is one of moderate inflation, stable economic growth in the US and signs that the eurozone slowdown is coming to an end. “Central banks are keeping official interest rates in restrictive territory but admit debate about cuts has already begun.”

Ben Laidler, global markets strategist at eToro, looks at the performance of commodities, which are “the worst performing asset class this year,” he says. “Slowing Chinese GDP growth has been a key factor, along with a stronger dollar and a recession in the global manufacturing sector, and near-term hopes are pinned on further Chinese policy stimulus as a result of the ‘two developments’. a week,” he explains.

What is the evolution of debt, currency and commodities?

The euro falls to $1.0826.

Brent crude, Europe’s benchmark, fell to $82.35 a barrel.

The yield on 10-year Spanish bonds rose to 3.361%.

Quotes

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