The Ibex, attentive to commercial news

Trade news is once again setting the tone in the markets. The entry into force of new steel tariffs is exerting pressure that is being tempered by the reactivation of contacts between the US and China. The Ibex is seeking a respite and to halt yesterday's declines.

The most important economic and monetary events of the week are concentrated in the final two days. Tomorrow's European Central Bank meeting and Friday's official US employment report could become the most decisive references for portfolio adjustments. Until then, the spotlight returns to trade policies.

Today's trading session kicks off with a mixed bag of trade news . The new 50% tariff on steel and aluminum imports into the US today serves as a reminder of the threat the trade offensive poses to the economy and markets.

But the trade news also offers much more encouraging news. Investors are breathing a sigh of relief after learning that the resumption of contacts between the US and China is planned for this week. The talks will be at the highest level, between Donald Trump and Xi Jinping, a meeting that fuels hopes for a renewed easing of relations after mutual accusations of violations of the trade agreement signed between the two powers.

The Spanish stock market is attempting to replicate the bullish tone displayed this morning by Asian equities, amid hopes for a easing of relations between the US and China. The Ibex yesterday snapped a three-month winning streak. Today, the Spanish stock market is seeking a rebound and a return to the 14,200-point level.

Upcoming expansion.