The Ibex 35 started the week on Monday with a high of 9,400 points. On a day with no sign of the UK, closed for a holiday, and no major macroeconomic signals. Yes, we have proven the words spoken in Jackson Hole, which have not dispelled many of the investors’ doubts about the Fed’s next moves.
Today there is a rise in the main Asian indices with positive results. The Nikkei added 1.6%, Hong Kong’s Hang Seng advanced 1.7%, while the Shanghai Composite added 2.3%.
As for Wall Street, Friday’s session ended with a positive performance. Higher closes stand out in the S&P 500 (+0.6%), Nasdaq (+0.9%) and Dow Jones (+0.7%).
In terms of events ahead of us this week, the advanced CPI for the Eurozone for August is scheduled to be published, as well as the CPI for Spain. Also, the US employment report is expected for August. Investors will also be watching this month’s Manufacturing Purchasing Managers’ Indexes (PMIs). In business, the financial results of various companies, including UBS, are expected to be disclosed. In addition, in the US, important data such as Gross Domestic Product (GDP) and Personal Consumption Expenditure (PCE) are to be released.
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