José Ramón Iturriaga: Second semester



June ends and the balance from the point of view of the markets is quite positive. Stock market rises without practically any scare from the hand of an economic recovery of which today we no longer have the slightest doubt, quite the opposite. Cycle taking traction from the hand of the economic reopening with the gasoline of central banks and fiscal policies never seen before. The experiment has been a success and the markets reflect it.

And in the second part of the year what we can expect will probably be more of the same with some change in the protagonists. The United States will probably give up the baton when it comes to economic growth in Europe and emerging countries


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