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The Ibex will seek to rebound, supported by Powell, after the bad last week


European futures are up 1.7% on Monday. The Ibex will seek the rebound after losing 4.5% last week and abandoning, in weekly close, the support it had at 6,580 points. Now has a clear path towards the lows of March, at 5,800 points. This growing gap between the behavior of the selective spanish and the rest of the European stock markets, something that was evident on Friday, when all the squares of the Old Continent rose while the Ibex fell.

Experts say there is optimism among investors as countries unblock their activity, however, they also highlight that this weekend There have been protests at different points about the pace of this release, for some slow.

On the other hand, today the markets will quote the words of this Sunday by the president of the Federal Reserve (Fed), Jerome Powell. Powell said on CNBC that "In the long and even the medium term, you wouldn't want to bet against the American economy. The American economy will recover"

"Assuming there is no second wave of coronavirus, I think you will see that the economy constantly recovers during the second half of the yearHowever, he warned that "for the economy to fully recover, it will have to wait for the arrival of a vaccine."

At the business level, this Monday highlights the Ryanair results. Net profit for fiscal year 2020 fell 27% amid the coronavirus pandemic and higher costs, and has anticipated losses for the first two quarters of this fiscal year.

On the other hand, tensions between the US and China are back in the spotlight this week. The Trump administration stepped up its campaign to blame China for the coronavirus pandemic, with an adviser to the president suggesting that Beijing sent airline passengers to spread the infection worldwide. China, meanwhile, criticized the new restrictions on US exports targeting companies like Huawei Technologies and pledged to take all necessary measures to defend its companies. Finally, US Secretary of State Mike Pompeo warned China not to interfere with the work of American journalists in Hong Kong.

To all this is added that Great Britain is the last focus of the hopes of the Covid-19 vaccine, since AstraZeneca intends to make up to 30 million doses available to the country by September, and has promised to deliver 100 million doses this year, if the inoculation – which is already being studied in humans – is successful, reports Bloomberg.

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