COPE The stock markets react, while the dollar and the price of oil rise strongly

The markets have little by little assimilated the “clues” offered yesterday by the president of the Federal Reserve, Jerome Powell. The Stock Market, in fact, has gone from the red numbers of the opening to a closing marked by increases. The strength of the financial sector encouraged investors. The Ibex 35 index closed the day at 8,706 points, up 1 percent. It has come to lose 8,500 points at the worst times of the day. Siemens Gamesa has shot up, amid rumors of a takeover bid by its parent company. Banco Sabadell, which has published good results, has risen. It has obtained a profit of 530 million in 2021. A much lower figure was expected. The entity will pay a dividend of three euro cents per share charged to the results of the previous financial year.

Deutsche Bank has also published its accounts. He has earned 145 million euros in the fourth quarter, when losses of 130 million were expected. It has announced a share buyback program and will once again pay a dividend after several years of drought. Tomorrow it will be Caixabank's turn. In this case, a profit of 530 million euros is expected in the last quarter of last year.

Fed Chairman Jerome Powell made it quite clear yesterday that the first rate hike will take place in March. And then there will be a few more throughout the year. Some wait up to five more. At the moment the price of money remains in the country of the stars between zero and 0.25 percent.

Yes, my Undergraduate degree is in civil engineering, so I learned how to use AutoCAD in one of my first courses in college.

— Nina Ahuja Tue Jun 15 21:42:08 +0000 2021

Analysts have interpreted that the US central bank will be more aggressive with its monetary policy measures, among other things because inflation is more persistent than desirable. Inflation has already reached 7 percent. The US central bank will end its bond purchases in just over a month. And it will soon begin to reduce its balance through successive sales of its bond portfolio. The governing council that the Reserve will hold on March 16 thus becomes a vital appointment for investors from half the world.

The New York Stock Exchange has stretched and this afternoon shows rises of close to 1 percent. But the volatility is very high. The US economy grew 5.7 percent in the last quarter of last year, up from 2.3 previously. Requests for durable goods have contracted nine tenths in the United States, while requests for unemployment benefits have fallen from 290,000 last week to 260,000 this week. Spain's GDP is expected tomorrow.

The euro has weakened in the foreign exchange market. And it has also done it quickly. It is exchanged this afternoon for $1.1150. Ten days ago it was trading at 1.14. This is how the market reacts to the expected rises in interest rates in the US in the coming months. In the "critpos" Bitcoin returns to weakness. It falls 4 percent to $36,400. And in raw materials, North Sea crude oil is close to 89 dollars, its highest price in the last seven years. It was trading at $85 on Monday. Bank of America analysts expect to see oil at $120 this summer. OPEC and its partners, led by Russia, will hold an important meeting on Wednesday of next week. They are expected to approve a new production increase of 400,000 barrels per day starting in March. This is the same amount that it has added to the market in recent months.