First stop of the Spanish selective so far this year on account of the banks and the fall of Repsol, in line with the rest of the European markets with the exception of the German stock market that sees the arrival to the Dax the 25,000 points for the first time in its history and the mixed attitude of Wall Street, with a Dow Jones that is coming from highs but that also collects benefits this Wednesday.
Setbacks that leave the Ibex 35 below 17,600 points and break the trail of highs and the positive wave derived from 2025. But the truth is the drift of the market, in large part, comes from the United States, and specifically, Donald Trump’s actions, from Greenland to the drifts of Venezuela.
The IBEX 35 closes the intermediate session of the week with cuts of % to points with the falls of values such as Indra 6.96%, ArcelorMittal 4.67% and ACS 4.34% and the increases experienced by companies such as Puig 3.22%, Banco Sabadell 3.15% and Bankinter 2.61%.
The leading values in the best and worst of the day come from the statements of the American president and those around him. The rise of Indra in the face of a potential conflict within NATO after indicating from the United States the strategic ‘need’, for reasons of defense of the country, to have Greenland, which is part of Denmark and without ruling out military measures to achieve this.
The subsequent conflict of interests within the Atlantic Alliance once again unleashes European defense companies, hence again the rise of an Indra that already accumulates annual profits of 17%, once again prolonging the triple-digit advances achieved last year.
Also, among the best of the day, ArcelorMittal supported by the recommendations of Morgan Stanley, which exponentially raises its share price to 46.2 euros per share from the previous 33.7 euros, with potential of 16%, alleging limited risks and the company’s good position in the face of the European economic recovery.
Among the most negative, Repsol, which has accumulated falls in two days of almost 5%, after Trump assured that Venezuela will send between 30 and 50 million barrels of high-quality oil to the United States, not subject to the imposed sanctions, which will be sold at market price. Furthermore, according to the technical analysis of José Antonio González from Ei, it could mean new declines for the value after losing levels in this Wednesday’s session.
Also among the most penalized we find Puig, who leads the losses of the session due to Jefferies’ latest recommendation. The firm reiterates its recommendation of ‘comprar‘ for Puig Brands, and although it cuts the target price to 20,60 eurosfrom the previous 21.30 euros, this valuation represents a upside potential of almost 39% compared to yesterday’s closing, Tuesday.
The catalyst for this revaluation will be the company’s outperformance in the beauty and fragrance category. “We remain optimistic about the stock, but consistent performance is necessary to rebuild credibility,” the experts note. And investors’ misreading looms over the value.
Cuts also in this session for the banks, collecting the benefits accumulated in previous sessions. Today Banco Santander is in the news because according to Expansión, it is preparing to leave Poland, which will mean capital gains for the value, and will launch a new buyback program after the last one was closed just two weeks ago.
Already in the rest of Europe, the DAX stands out, reaching 25,000 points for the first time in its history due to the increases in Rheinmetall and Lufthansa, which turns 100, supported by the improvement of two notches to overweight by Morgan Stanley.
Thus, the EURO STOXX 50 drops 0.15% to 5,923 points, the CAC 40 drops 0.04% to 8,233 points, the Dax sube un 0,86% up to 25,114 points and the FT 100 falls 0.74% up to 10,047 points.
Already on Wall Street, a mixed trend with the Dow Jones down with several values within the index losing more than 2% at the closing time of the Ibex 35. We talk about JPMorgan, Nike and Carterpillar among others.
Also currently, the ADP figure that grows by 41,000 peopleprivate employment for the last month, compared to the falls in November, but below expectations.
And the fight between Netflix and Paramount to take over Warner Bros. returns to the foreground. Discovery is experiencing a new chapter today: Warner’s board of directors has unanimously rejected Paramount’s hostile takeover bidwhich values the company at 108.4 billion euros, criticizing that it depends on “an extraordinary amount of debt financing” that puts the operation at risk. Paramount’s financing plan would leave the Hollywood studio with a debt of $87 billion once the acquisition closes, making it the largest leveraged buyout in history.
At mid-session and after the close of the Spanish stock market, the DOW JONES fell 0.33% to 49,301 points, the S&P 500 gained 0.13% to 6,951 points and the Nasdaq advanced 0.48% to 23,659 points.
In the rest of the market, we start with the fixed income market, with falls in asset returns. The 10-year Spanish bond fell 0.76% to 3.25% while the declines were 1.35% for the German bund, which is listed at 2.8075. The risk premium moves with advances of 1.85% to 44.10 basis points.
In raw materials, Oil Futures lose positions. The crude Brent drops 0.69% to $60.28, while the West Texas gives in to a greater extent, it does so by 1.23%, up to $56.45. Gold cuts positions, with falls of 0.87% to $4,456 per ounce.
Bitcoin now moves with cuts of 1.25% while its price stands at $91,521 per asset.
Finally, in the Euro Dollar relationship, there are hardly any changes throughout this session and the relationship between both currencies is 1.1690 units.