The interest rate cut agreed in China kicks off a week full of results. The new season for business account presentations will also start on Ibex which, after closing for four days at the level of 11,900 points, once again postponed the attack on the 12,000 barrier.
Key macro data and, in particular, business results focused attention during the week on financial markets coming back to life with new stimulus from China. The central bank has lowered its one-year benchmark interest rate by 25 basis points, from the previous 3.35% to 3.10%. The slowdown in growth reflected in China's GDP data last Friday (4.6%) has opened the door for new stimulus. But this time, the impact is almost non-existent on Asian equities. Japan's Nikkei closed flat (-0.07%), and in China itself the CSI 300 index also traded with little change.
Today's macro data pause and hopes for greater control over the escalation of war in the Middle East focused investors' focus to a greater extent on business results. At the start of the season, Europe has so far experienced more disappointment than Wall Street.
Next expansion.