The Ibex 35 starts this Monday from 8,176 points, after gaining 0.96% in the session last Friday and placing its weekly balance at a cut of 0.82%
The futures of the main indices of the Old Continent point to an upward opening in Europe, with rises of around 0.5%. Investors will not have Wall Street’s reference today, which will remain closed due to the celebration of Independence Day in the US.
“We expect a transition session in the European stock markets, similar to the one that took place in the Asian stock markets this morning, and in which activity will be lower than usual as Wall Street remains closed. It is foreseeable that the main indices of the European stock markets to open higher, trying to recover some of what was transferred last week, and that they remain the rest of the day moving in a narrow range of prices due to the lack of relevant events and waiting to have the reference tomorrow of the US financial markets”, indicate the experts at Link Securities.
Investors are still aware of the evolution of the war in Ukraine, the high inflation rates and the tightening of monetary policies that central banks are already applying to try to contain prices, which is raising fears of an economic recession.
In this regard, the markets will be attentive this week to the publication of the minutes of the latest meetings of the ECB and the Fed, as well as the employment report to be published in the US.
One of the protagonists of today’s session will be the banking sector. According to the Financial Times, the European Central Bank is studying the adoption of measures to prevent entities from obtaining extra profits from the process of raising interest rates.
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