The Ibex tests the Brazil effect
The week is starting without much disruption in the markets. The slight slowdown in oil prices helps to ease sentiment ahead of Wednesday's Fed meeting. The Ibex, on the other hand, may be affected by the electoral results in Brazil, as several heavyweights are directly impacted.
The markets are calm at the start of the week, with the price of oil providing some relief. The Ibex may be impacted by the outcome of the presidential election in Brazil, where Lula da Silva has won ahead of Flávio Bolsonaro. The Spanish stock market is trying to follow the calm trend of other European indices, with the Ibex attempting to reclaim the 19,000 points it lost last week.
Stocks with high exposure to Brazil, such as Telefónica, Santander, Mapfre, and Iberdrola, are being watched closely. The Federal Reserve, European Central Bank, and Bank of Japan have meetings scheduled this week.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
