El Ibex no se atreve con los 20.100 puntos

The Ibex stock index moved without significant changes, remaining below the 20,100-point mark. Yesterday, the Ibex 35 closed with a slight gain of 0.05% to 20,067 points. Nvidia's results, which exceeded analysts' predictions and increased its revenue by 106%, were a key piece of news this week. The company's shares gained 4.71% in after-hours trading.

Now, investors are focusing on central banks, with the beginning of the Jackson Hole (Wyoming) meeting today. New Federal Reserve Chair Kevin Warsh will speak later, and investors expect insights into the Fed's upcoming monetary policy steps, which will be discussed during the next meeting on September 16th. Yesterday, the subsumed consumer private spending deflator in the United States was released, with no surprises as it rose 0.2% in July, sitting at a 3.3% year-over-year increase (compared to the Fed's 2% target).

Since then, the 10-year US bond yield has dropped to 4.66%. In Europe, the German Bund yield fell to 3.23%, and the Spanish 10-year bond yield approached 3.70%. Investors also remain vigilant to potential movements in the Middle East after the US economy's economic offensive against Iran. For now, oil prices are low, with Brent sitting just above $87 a barrel.

In foreign exchange, the dollar strengthened after the inflation data, increasing the chances of a rate hike and pushing the euro below 1.16 dollars, while the British pound dropped below 1.36 dollars. The dollar's rise weakens gold, which remains under $4,700, while Bitcoin has recovered to $78,000.