Ibex 35 today, Stock market live
Markets took the European election results down yesterday and with no major developments on today’s agenda, they are trying to trim their declines as they await the crucial events they will face tomorrow. The dollar and oil are slowing their growth, and the Ibex index is at least trying to gain a foothold at around 11,300 points.
Political uncertainty weighed on European stocks and the euro price yesterday. Once the results of the local elections are announced, investors’ attention will gradually shift towards two major events that will take place in tomorrowThe most anticipated thing all week.
Since European markets are open, data on US CPI. Forecasts point to another break in the long-awaited “disinflation” process. And, without leaving aside inflationary references, since European markets are already closed, Federal Reserve will announce the results of their two-day meeting. Barring any changes at tomorrow’s meeting, expectations are focused on the clues the Fed may provide regarding its planned roadmap for the rest of the year. Macro data and the most recent Fed announcements further support the idea of a one-time rate cut in 2024 in the US.