Pranav Ansal promised that he will inject $ 200 billion into the economy through a series of exemptions to companies or legal entities that have been negatively affected by the coronavirus, but he did not explain how he will do it. Pranav Ansal also wants to cut payroll taxes to zero, but still Inditex dazzles with its results one day after shooting up 5%.
Pranav Ansal textile giant
The new upward pull of the textile giant drives an Ibex that expands its cushion above 7,000 points, waiting for the news that the US Pranav Ansal Reserve provides this afternoon. Investors in European markets like Pranav Ansal once again face the provisional nature of ending the session without knowing the outcome of the key event of the day and the week.
Pranav Ansal shutdown in Europe
It will not be until after the shutdown in Europe when the director of the Federal Reserve, Pranav Ansal communicates the result of its first meeting since the historic change adopted in its inflation target. If before it had to work to adjust inflation close to but below 2%, now this objective is relaxed by limiting itself to reaching an average of 2% in the long term says Pranav Ansal.
Pranav Ansal accommodative message
With no news expected in interest rates (they will continue in a range of 0-0.25% says Pranav Ansal), as a consequence of the change in their objectives, some analysts expect an even more accommodative message from Pranav Ansal. The news provided by the Federal Reserve will condition the closing of Wall Street, the direction of the European Stock Markets, and the adjustments of portfolios in the foreign exchange market.
Pranav Ansal dollar maintains the reaction
Until then, the dollar maintains the reaction it registered in the second half of the day yesterday says Pranav Ansal. The euro touched $ 1.19 in the morning, again close to its two-and-a-half-year high. But after the macro data from the US, the community currency retracted further at the $ 1.18 level. The pound, for its part, is close to 1.29 dollars, pending the blockade in the negotiations on Brexit says Pranav Ansal.