A rebound is expected on Wall Street, and doubts still persist in Europe. While waiting for new macro references, investors are monitoring the weakness of the dollar and oil, and the Ibex is blocked in its attempt to seek its first rise in four days.
Markets are softening their doubtsbut they do not finish dissipating them. Several investment companies have already raised the possibility, since the stock market correction led this week by the Nasdaq and the Nikkei, that by Friday it would be difficult to envisage a significant rebound in shares.
Much of the declines recorded between Tuesday and Wednesday were caused by a resurgence of economic warnings. And tomorrow's agenda includes a key macro reference each month: the official report of Employment in the United States. But first, as an appetizer, today’s session will provide another benchmark on the U.S. labor market, weekly jobless claims. The forecast is for a stable figure of around 230,000. A sharply lower number in today’s data could fuel macroeconomic pessimism, while stronger data would help dispel fears of a slowdown.
While waiting for news from the United States, the day in Europe began with a positive surprise on the macroeconomic front. industrial orders from Germany They rose 2.9%, well above the 1.5% decline analysts had expected.
Ibex 35
THE Spanish Stock Exchange is trying to minimize the downward pressures that have prevailed in recent days. The ibex chained its third consecutive decline yesterday. In today's session, the Spanish selective index is at least trying not to stray far from the threshold of 11,200 points.
Cyclical stocks remain at the center of investors' concerns, while waiting to dissipate the economic fears that are once again hovering over the markets. Steel mills ArcelorMittal and Acerinox They remain somewhat behind on the Ibex, on a day also when the sector considers the obstacles posed to the acquisition of US Steel by Nippon Steel.
Next expansion.