Rises dominate Europe in the face of advances in the commercial war

Thus, the Ibex 35 has started the day with increases of 0.7% that have placed it above 8,900 points; while the German DAX and the Parisian CAC climbed 0.8% at the opening. For its part, the Italian FTSE MIb traced 0.5% and the British FTSE rose a little 0.1%, after knowing the blockade of the British Parliament to the hard Brexit and the call for elections proposed by the Prime Minister, Boris Johnson.

Before opening, Asian stock exchanges scored the second highest gain two days in a row since Juneor, due to these same advances in the commercial war, which have fueled the appetite for risk that already began to open yesterday when the markets began to anticipate the blockade of the British Parliament to the hard Brexit and after the Hong Kong Government decided withdraw the controversial law of extradition to China that so many protests have provoked in the country. Thus, Japan's Topix has risen by 1.8%; the Shanghai Composite rose 1.3% and the Korean kospi climbed 1%.

In this way, Investors have overlooked bad factory order data in Germany, which fell in July, exacerbating fear of a recession.

As for the key references that remain for this week, Federal Reserve President Jerome Powell is scheduled to offer a conference on Friday that will give clues about his intentions in monetary policy. The same day, also in the United States, the employment report in the United States will be released, which will serve to take the temperature of the American economy.