The Ibex 35 rises slightly as it prepares for a crucial meeting of central bankers.

In a stock market environment where the Ibex 35 seeks to consolidate its level above 11,100 points, today’s session has begun with a slight advance of 0.1% in pre-opening. This growth in the Spanish index is also reflected in other European indices, such as the Euro Stoxx, which is up 0.16%, the German Dax, which has risen 0.1%, and the French Cac, with an increase of 0.12%. However, the British Ftse has experienced a slight decline of 0.1%, suggesting an atmosphere of uncertainty in the British market. On Monday, the Ibex 35 closed at 11,102.50 points, marking a growth of 1.40% and thus accumulating seven consecutive sessions of gains. This period of optimism may be related to the stability shown by central banks, which are playing a leading role in the current economic narrative. In this regard, attention has been focused on the decisions of the People's Bank of China, which has chosen to maintain its benchmark interest rate at 3.35% for the second consecutive month, following an unexpected cut in July. As the week progresses, investors are turning their attention to the gathering of central bankers that will take place in Jackson Hole, Wyoming, starting this Thursday. This annual event, organized by the Federal Reserve Bank of Kansas City, brings together key figures from the economic and financial sphere, including central bankers, economists, and specialized media. This year, the central theme of the discussion will be the reassessment of the efficiency and transmission of monetary policy, a matter that takes on special relevance in the context of adjustments to global monetary policies. The highlight of the meeting is expected to be on Friday when Federal Reserve Chairman Jerome Powell delivers his speech. His words will be closely analyzed, as they could provide clues about the direction the Fed will take at its next meeting scheduled for September 18, where a possible reduction of 25 basis points in interest rates is anticipated. In addition to the meeting in Jackson Hole, the economic calendar also features other significant events. A day before Powell's speech, the minutes from the last meeting of the European Central Bank (ECB) will be released, along with crucial data on wage negotiations in the European Union. This latter data is of particular interest, as it may influence the ECB’s monetary policy and its response to the current economic situation. In the United States, market attention is also focused on the Democratic Convention, which has begun in Chicago. Kamala Harris is expected to be nominated as the Democratic presidential candidate, adding an additional layer of political and economic interest. The market's reaction to these political events may have a significant impact on the perception of stability and confidence in the U.S. economy and, consequently, on global markets. The climate of caution surrounding investors reflects the complexity of the current economic landscape, where the decisions of central banks will have repercussions on market behavior. Analysts warn that the focus will be on macroeconomic data, which will remain fundamental for future interest rate decisions. Meanwhile, the Ibex 35 maintains a position of resistance, with hopes that the coming days can consolidate its upward trend. As investors analyze the events in Jackson Hole and the decisions of central banks, uncertainty will continue to be a constant in the financial arena. In summary, next week promises to be crucial for the direction of the markets, with the gathering of central bankers and the publication of economic data that could define the course of monetary policy in the coming months. The ability of the Ibex 35 to maintain its level above 11,100 points will largely depend on how investors interpret and react to these developments.