The risk of a deep correction is below the 4,000 of the EuroStoxx and the 8,000 of the Ibex
After the rebound this Wednesday, the main indices of the European stock market have separated from their supports and have moved away the threats of suffering a greater correction, but these will return as the EuropStoxx 50 approaches 4,000 points and the Ibex 35 to the 8,000.
"As long as they are above this support range, a correction context will not be activated, which could be very similar to what we are seeing on the other side of the Atlantic, where everything points to the fact that the US indices are in a reaction or trend correction phase. bullish that was born at the lows of 2020," explains Joan Cabrero, strategist at Ecotrader, elEconomista's investment strategy portal.
The indices of Europe and Wall Street today suffer strong downward pressure -futures have come to anticipate falls of up to 3% for the EuroStoxx 50, the reference of the Old Continent-, after the first meeting of the year of the Fed.
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The US institution confirmed on Wednesday that it is ready to raise interest rates in March , and, on the other hand, that it will continue to reduce its debt purchases by at least 30,000 million dollars a month to quell inflation.
Although the key is his warning for the coming months, because he anticipated that "the [monetary policy] committee will continue to monitor the situation and would be prepared to adjust monetary policy if risks arise for the objectives regarding work and inflation."
"If [the Fed] quickly tightens financial conditions, as is being discounted right now, it risks rapidly cooling economies," observes Sean Darby, a strategist at Jefferies, in an interview with Bloomberg Television.
Tightening of financial confidences
"Financial conditions are already tightening probably too fast for markets to adjust," he continues.
The falls in the stock markets come after escalating the yields of the debt market references, with the US T-Note at 1.9% or the German Bund hovering around 0% again.
"Positive for bags"
From another point of view, Víctor Alvargonzález, founding partner of Nextep, considers the Fed's decision "a very positive figure for the stock markets because it eliminates a lot of uncertainty and calms the hyperventilation of analysts in recent weeks and a neutral figure for bonds since that simply and plainly, both the plan to reduce purchases and the calendar to start the reduction of the balance or inverse QE are maintained in the format and deadlines already known".comments0WhatsAppFacebookTwitterLinkedin