After a week marked by doubts and transfers in the main indices on both sides of the Atlantic, as can be seen in the table, the month of July closed with generalized monthly advances in the main stock exchanges in the US and Europe, but with two exceptions: the IBEX 35, which has yielded 1.65% in July, closing at 8,675 points and the Russell 2000 which has yielded 3.61%.
In the US The most notable advances in the month that just ended are the + 2.78% of the Nasdaq 100, the + 2.27% of the S&P 500, which after leaving a new historical maximum of 4,429 on Thursday, July 29, has closed at 4,395 points.
In Europe It is worth highlighting the 1.97% advance of the Euro Stoxx 600, which was the best European index of the month.
The annual variation (YTD) continues to leave important advances in all the indices, in the USA they exceed 13% in any case.
Regarding the annual evolution of the S & P500 sectors (SPDRs), the one with the best performance to date is Energy (XLE) + 30.32% followed by Real State (XLRE) + 26.86% and in third place the financial (XLF) + 23.88%
The evolution of the Asian indices has been very negative in July and could be pointing to an expectation of stagnation in the economic recovery of Asia, which would mean a bad anticipation of the economic recovery in the rest of the world.
The FED and liquidity injections, the slowdown in the economic recovery and inflation expectations are the main factors to take into account at the current moment in the financial markets.
The meeting of the Federal Open Market Committee (FOMC) that ended on July 28 did not clear up the main doubts of investors that focus on the following questions: