The Ibex index turned up at the beginning of the week

European markets are trying to follow the bullish trail left by Wall Street’s all-time records last Friday. The Ibex index, having recorded its worst week since August, is turning upward ahead of key events in the coming days.

Today’s agenda gives investors some respite ahead of the much busier days that markets face in the rest of the week. The season’s early business results, macro data and central bank meetings, including the European Central Bank, will determine portfolio adjustments in the coming sessions.

With no significant macroeconomic or monetary news today, the focus remains on reports that central banks. Today the monetary authorities China They decided to delay again the expected stimulus in the form of lower interest rates. The CSI 300 index reacted with a fall of 1.6%. The opposite sign, +1.6%, was reached by the Nikkei index in Tokyo the day before the Bank Japanif no surprises occur, decides to maintain negative rates for another month.

The most anticipated monetary meeting of the week will take place on Thursday, when European Central Bank update your forecasts. Last week, its president Christine Lagarde had already suggested summer as the most likely date for the start of rate cuts, a deadline that has cooled the optimism with which much of the market had expected the stimulus to move forward. Meetings of the central banks of China, Japan and the eurozone will stimulate anticipation of the meeting scheduled for January 31 Federal Reservein which he is expected to provide more information about the start of rate cuts.

Since the beginning of the year, investors have accepted a later start to Fed rate cuts, to the point that the likelihood of a cut in March is now below 50%. debt interest have responded with progressive growth in recent weeks. In the case of US ten-year bonds, after breaking the 4% barrier, they consolidate their growth above 4.10%.

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