The Spanish selective awakens this week with a flat trend, practically from the same level at which it closed last Friday. He is trying to extend his streak of gains, after closing last Friday his best week since last February, when he gained 5.74%, erasing with this rise the accumulated losses of 2022.
In Europe, the main selectives of the old continent open with a positive tone, with very slight rises of 0.3% for the Eurostoxx 50 and the German DAX, in a day in which the macroeconomic data of the previous week is digested.
According to Renta 4 Banco, the markets will be aware of the social unrest in Brazil after the attack on Congress that questioned the leadership of Lula da Silva just a week after his inauguration, which, although it does not seem to go further , could generate volatility in the values most exposed to the country.
Wall Street closed last Friday with important advances, higher than 2% for the three main selective ones, after knowing the employment data for the month of December. This week begins the season of corporate results, where the big American banks stand out.
As Renta 4 Banco points out, in the week that begins today the most relevant macro data will be published in the US, with the CPI for December, which should continue to moderate both in the general rate and in the underlying rate. This data will be decisive for the amount of the Fed’s next rate hike, 25 or 50 bp, at its meeting on February 1. We will also pay attention to the University of Michigan Flash Consumer Confidence for January, which could pick up further.