The stock market deflates after the election announcement

The bag deflates After beginning the day with a clear upward trend as the markets celebrated the agreement reached between Republicans and Democrats to raise the United States debt ceiling. But the political events in Spain, with the early call for general elections on July 23, has ended up disconcerting the markets, which also lack external references as it is a holiday in London and Wall Street. The rest of the European markets are also losing steam. Investors expect it to be published in the coming days Eurozone inflation in May and various facts about the health of the US job market.

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The international economic media (Bloomberg, Financial Times, Reuters…) speak today of the triumph of the PP and the failure of the PSOE, and that what has happened paves the way for a popular victory in the general elections. The ‘Financial Times’ affirms that Sánchez has worn out his agreements with the Catalan and Basque separatists. He also refers to the wear and tear of a “botched” sexual consent law, pushed by his coalition partner, the far-left party Podemos, which led to reduced prison sentences for more than 1,000 sex offenders. doomed

Grífols, Acciona energy and Telefónica lead the climbs in these early stages of the session. On the negative side, the cuts in Meliá and the banks, who have turned around after starting the day in the upper part.

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