Ibex 35 seeks to recover the 11,100 points amid central bank decisions.

In a context of caution and expectations, the Ibex 35 is seeking to recover the barrier of 11,100 points, a level that has been elusive in recent sessions. In today's pre-opening, the Spanish index has recorded an increase of 0.3%, indicating slight optimism in the markets. This rise occurs in an environment where other European indices, such as the Euro Stoxx, the German Dax, and the French Cac, are also reporting small gains. Meanwhile, the British Ftse stands out with an increase of 0.43%. The close of yesterday's session brought a slight decline of 0.13%, ending at 11,087.80 points. This drop left investors on the brink of a key technical support, creating an atmosphere of anticipation over whether the index will manage to surpass 11,100 points again. This level not only represents a psychological barrier for investors but is also considered crucial for the continuation of an upward trend. Market attention is focused on the actions of central banks, which have taken center stage this week characterized by a lack of significant corporate and macroeconomic data. The recent publication of the harmonized consumer price index (CPI) for July by Eurostat has been one of the few references that has been able to influence market behavior. The data has revealed an inflation picture that remains a topic of debate among monetary policymakers. The People's Bank of China has decided to keep its benchmark interest rate at 3.35% for the second consecutive month, in line with market expectations. This decision comes after the unexpected cut in July, which surprised many analysts and generated varied reactions in the markets. The stability of interest rates in China is crucial given the impact that the Chinese economy has on global trade and, consequently, on the European economy. In Sweden, the central bank has opted to reduce interest rates by 0.25 basis points, leaving them at 3.50%. This measure is set against a backdrop of economic slowdown and adds to a series of adjustments aimed at stimulating economic activity. These decisions by central banks in Europe and Asia have direct implications for financial markets, generating an atmosphere of uncertainty and caution. In Turkey, the situation is markedly different. Despite inflation reaching an alarming 61.7% year-on-year, the central bank has decided to keep interest rates at 50% for the fifth consecutive month. This stance has sparked criticism and concerns about the sustainability of monetary policy in a context of high inflation, which could have long-term repercussions for the Turkish economy. Tomorrow, the minutes from the latest European Central Bank (ECB) meeting are anticipated, which could provide more clarity on the bank's intentions in the immediate future. Additionally, the meeting of central bankers in Jackson Hole, Wyoming, will begin, an event that gathers economic and financial leaders from around the world. This forum is known for being a turning point in monetary policies, and the discussions held there are expected to impact the direction of markets. The most awaited event of the week is undoubtedly the speech by Federal Reserve Chairman Jerome Powell, scheduled for Friday. This address is seen as key, as investors seek clues about the upcoming meeting on September 18, where a possible interest rate cut of 25 basis points is anticipated. The anticipation surrounding these monetary policy decisions is high, as any indication about the future of Fed policy could influence market behavior globally. In summary, the Ibex 35 is at a crossroads, seeking to recover a significant technical level in a context of critical decisions by central banks. The coming days will be decisive in establishing the direction that markets will take, as investors remain alert to the signals emerging from the meetings and statements of global economic leaders.