The commercial truce gives wings to the Ibex

It seems that the beginning of the end of the trade war between the United States and China is near. After the conversations held between the leaders of both countries, Donald Trump has ordered to draft an agreement between both that will shelve the tensions. Although it will be necessary to know if this draft is to the liking of both parties, the market has reacted positively.

In the case of our Ibex 35, the euphoria has led the selective to recover the 9,000 points lost several weeks ago. They have also helped the actions of the banking sector, which have lived a day of rises awaiting the final decision on the Tax on Documented Legal Acts by the Supreme Court and that we should know next Monday.

We closed, thus, a positive week marked by the good results of some of the large companies of the Ibex35 and by the change of government in Brazil that the market has received positively as a result of the increases that had the companies with interests in the giant South American. Next week it will be vital to keep the 9,000 points to be able to think about a clear change of trend for the European stock markets.