The data markets need to take into account today

The week begins with an eye always on the Brexit. In addition, the expectations generated by the meeting of the European Central Bank held on Thursday, the last with Mario Draghi at the head of the institution. And the presentation of the commercial results, as well as the details of the progress in the telephone negotiations that keep the two main economic powers of the world, China and the United States in the trade and tariff war that leads them for a long time.

Last Friday, the markets slowed down the accelerator and looked forward to the crucial vote of the British Parliament on Brexit. Finally, MEPs voted against the agreement between Boris Johnson and Brussels. This rejection resets the count to make the exit of the block on October 31st.

The British Prime Minister is still committed to making Brexit a reality on schedule, despite the lack of agreement, but in his plans, he might run up against the British Parliament, more likely, in principle, to an extension of Brexit.

Markets are choosing to be cautious, hoping for an extension to restart negotiations.

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He will take office on November 1st. As El Cronista said, Martino will continue as general manager of the group.

In this context, the UK government acknowledged that the delay of the parliament in ratifying the European Union withdrawal agreement increased the possibility that the UK would leave the bloc without agreement, although it was not possible for the UK to leave the bloc without agreement. it relies on a last minute acceleration to get enough votes.

Prime Minister Boris Johnson's cabinet has spent the last few hours calling the British Parliament responsible for stopping a process that the London president has repeated, and wants to make a final decision on October 31.

• The pound at its highest level in five months

The pound has reached its highest level in five months today, exceeding US $ 1.30. after Prime Minister Boris Johnson has asked the European Union, although reluctantly, another Brexit extension, currently scheduled for the end of the month.

The British currency has reached unprecedented levels since May, at 1.3012 dollar against 1.2984 dollar Friday in New York. The euro remained stable at around 86 pence.

For weeks, the pound has been on a roller coaster, progressing or collapsing at the rate of shocks in the chaotic and uncertain Brexit process.

But now, according to Michael Hewson, an analyst at CMC Markets, "the markets are starting to bet on the best scenario, in which the agreement (divorce) is approved this week, then there is a small extension to approve the necessary legislation "for its implementation.

"If this optimism proves premature, it's another matter, we'll only know it with time", he told AFP.

"The main factor (for the pound) is the hope that an extension of Brexit will be more likely, which could lead to a better exit agreement than the one currently on the table, "said Samuel Springett, a broker at Accendo Markets.

• China and the United States, an endless negotiation

Any disappointment of equity investors over the Brexit delay could be offset by China's leading trade negotiator, who offers positive signals. Negotiations between Washington and Beijing are moving towards a partial trade agreement.

In the midst of slowing growth since the early 1990s, China could also try to support the real economy through its core lending rate.

For its part, The United States expects Beijing to relax restrictions on meetings between US diplomats and local officials After Washington imposed reciprocal measures on China, the US ambassador said today.

Washington enraged in Beijing last week after announcing that Chinese diplomats will now have to inform the state department before meeting with US officials.

The United States Government has stated that it has adopted this measure on behalf of "reciprocity".

In China, US diplomats must obtain multi-level permission from the Chinese government to meet with local officials or academics, and these requests are often denied.

"Even if we get an authorization, sometimes they can be canceled at the last minute, a frustration for a long time.Ambassador Terry Branstad told a group of foreign journalists.

"We hope the result (reciprocal measures) will be better access for American diplomats here in China."he added.

According to Branstad, the measure taken by his country is "very modest", as only Chinese diplomats are invited to inform Washington, while US officials in China must wait for an official permit.

When asked if the US would consider imposing restrictions on Chinese journalists in response to the difficulties faced by foreign media in China, Mr. Branstad said: "I think there was talk about the fact that Chinese work for Party-controlled entities (Communists).) And whether they should be treated as foreign agents. "

Some news of mid-cap mergers and acquisitions at the beginning of the week: First, AMS AG (Austria), sensor supplier at Apple Inc., has renewed its offer of 4 billion euros ($ 4.4 billion) to Osram AG, in the last round in its extended search for the German lighting company.

For its part, the Canadian company Open Text Corp. denies the information that it was evaluating an offer for the UK software company Micro Focus International Plc. Finally, luxury real estate developer Nick Candy plans to move to Capital & Counties Properties Plc, owner of Earl's Court and Covent Garden in London, the Sunday Times reported.

Shares of Meliá Hotels (2.4%) increase after announcing that will buy back up to 3.7% of its shares for 60 million euros.

Pending banking results, the entities recorded moderate increases: CaixaBank and Santander (1.3%) and Sabadell, Bankinter and Bankia (1%). Falls for Mediaset, Cellnex and Colonial (0.8%).

Siemens Gamesa has purchased the assets of the German company Senvion for a cash amount of 200 million euros. The operation, which will involve the incorporation of 2,000 Senvion workers and whose closure is scheduled for the first half of 2020, includes provisions for restructuring of about 150 million euros.

Almirall will receive $ 100 million for an agreement with AstraZeneca under which the London-based pharmaceutical giant will market one of the drug's respiratory products in the United States.

The SAP Business Software Group has signed a three-year contract with Microsoft to help its large companies migrate their business processes to the cloud. He also released his final results for the third quarter, which are consistent with preliminary figures released Oct. 11.

Swiss bank UBS will cut 40 jobs in Asia Pacific. At the same time, in Spain, Liberbank is calling on unions to negotiate a new ERA on Wednesday, after its entry into force in June 2017 and its expiration in December this year. The management of the bank informs the unions of its intention to substantially modify the working conditions, the geographical mobility and the non-application of the agreement. This will affect all Liberbank work centers; The company's website shows that the Liberbank group had 3,767 employees at the end of June this year.

Russian mogul Mikhail Fridman, the largest shareholder of DIA, said in the national court that he had investigated the bankruptcy of the ZED technology group. On the other hand, according to El Confidencial, Justice also suspects Fridman of having harmed the shareholders and employees of DIA.

– European bags

The Ibex 35 saw a rise of 0.48% in the middle of the session, which allowed the selective to establish at 9,374.7 points, during a week marked by the Brexit, at the meeting of the European Central Bank (ECB), the latest chaired by Mario Draghi, and for the presentation of the results of the company.

Thus, the main Spanish index remained hanging at 9,300 points and bore the psychological mark of 9,400 points.

The banking sector led the gains, with Bankinter in the lead, up 4.37%. It is followed by Bankia (3.77%), CaixaBank (3.29%), Banco Sabadell (2.69%), Banco Santander (2.06%) and BBVA (1.7%). Among the values ​​that increased the most were ArcelorMittal (3.77%) and Meliá (2.5%).

Down: Cellnex (-2.02%), Grifols (-1.57%), Merlin Properties (-1.13%), Endesa (-1.14%), Colonial (-1.03%) Aena (-1.02%), Naturgy (-0.99%) and Iberdrola (-0.96%) were at the bottom of the table.

– Wall Street Futures

Wall Street futures, listed in New York, advance early in the day with increases of up to 0.64%.

– Asian bags

Uncertainty over the fact that the UK is leaving the European Union and negotiations between the United States and China's trade disputes reflect mixed figures at the close on Asian stock exchanges, local analysts point out.