Couldn’t be better. The Ibex 35 maintains these levels of more than determined rise, which confirm that the underlying upward trend is still clearly maintained. So much so that today was the day. This beginning of the week has ended with the eleventh all-time high for the Spanish selective so far this year, the twenty-sixth since October.
And it also happens that for the first time in history it has surpassed the closing the magic level of 18,000 points, with a majority of bullish values. But without a doubt, the push of the banks, again, as indicated by many analyzes as the main driving force, is the fundamentalspring of this new record, which has also been completely surpassed.
Despite the fact that, in addition, the environment was not favorable on paper, with the plummeting first-hour falls in gold and especially silver, oil and Bitcoin, the cuts in the Asian stock markets and the more than negative tone of the American futures.
At closing, the IBEX 35 rose 1.31% to 18,115.20 points with the advances of values such as ArcelorMittal 3.92%, IAG (Iberia) 3.63% and Unicaja 3.05% and the falls experienced by values such as Solaria 2.47%, Endesa 1.38% and Repsol 1.18%.
Among the protagonists of the session, the banks, precursors of the increases due to their weighting in the index.
4 of them also present and complete this week the presentation of sector results. Tomorrow Unicaja will do it, on Wednesday Banco Santander, on Thursday BBVA and on Friday Banco Sabadell will close. So far a different sign, clearly positive last week in Caixabank and highly negative in Bankinter.
In addition, Iberdrola and Norges Bank Investment Management reach 1,500 MW of installed renewable capacity. The new contribution includes the Caparacena (330 MW) and Ciudad Rodrigo (316 MW) photovoltaic plants, in Granada and Salamanca, respectively. Iberdrola will maintain a majority stake of 51% in these assets.
Regarding the recommendations, it rains on Caixabank after the results. UBSis neutral in its rating of the financial entity run by Gonzalo Gortázar and highlights an improvement in its target price from 10.40 to 10.85 euros per share. But its market price already exceeds those figures.
Also in the case of Barclays The recommendation on CaixaBank is neutral and the improvement in the target price reaches 11.7 euros per share, compared to the previous 11.10 for its shares. That represents a renewed potential of almost 7% on its shares.
Already in the Continuous MarketArteche’s premiere with good tone in its jump from the BME Growth. It tells us the fundamental analyst of Investment Strategies, María Mira Since its debut in June 2021, Arteche has more than quadrupled its stock market value, the company debuts on the Continuous Market in a context of strong investor interest and with a significant increase in the early stages of trading.
Already in the rest of Europe, general advances, the EURO STOXX 50 rises 1% to 6,007 points, the CAC 40 advances 0.67% to 8,181 points, the Dax gana 1.15% to 24,797 points and the FT 100 rises at the close of this Monday 1.16% to 10,342 points.
And on Wall Street, from less to more, with general increases for the indicators, and more than a good tone at mid-session, despite the falls in NVIDIA and the recovery of Bitcoin, but not silver and gold, still with strong declines after its vertical rally in January.
A week marked by more than 100 companies, including large companies such as Amazon and Alphabet-A, and the expectation of improved profits, which Deutsche Bank indicates is on track to be the highest in growth in the last four years.
Among the leading stocks, Walt Disney, which has exceeded expectations thanks to the income from its theme parks, resorts and cruise businesses. However, its shares are moving downward in the New York morning, with cuts that after exceeding 7% intraday, have moderated with falls now below 5%, but with the value heavily punished by the market.
The Mickey Mouse company posted a fiscal first-quarter profit of $2.48 billion, or $1.34 per share. After adjusting for extraordinary items, including the tax charge related to a deal with Fubo, Disney reported a adjusted earnings per share of $1.63 per share, higher than the $1.57 the market had anticipated. Revenue increased 5% to 25.98 billion, compared to the 25.74 billion that analysts had expected.
NVIDIA and its falls that are also moderated are also news after The Wall Street Journal has published that The company’s plans to invest $100 billion in OpenAI have stalled. However, the company maintains plans to invest in the startup, although in a more moderate way, but the market has not liked the information.
At mid-session, the DOW JONES rose 0.87% to 49,319 points. The S&P 500 advanced 0.38% and stood at 6,967 points, while the Nasdaq OMX rose 0.47% to 23,568 points.
In the rest of the market, we start with the fixed income market and the rise in asset returns, with the 10-year Spanish bond, which advances 0.47% to 3.232% while in the case of the German bund, there are gains of 0.79%, 0.42% up to 2.8662%. The risk premium drops half a point and corrects to 36.66 basic points.
In raw materials, oil with sharp falls in this session, after the maintenance of production by OPEC, with cuts of 2% for the future of the Brent barrel that presents cuts of 4.65% to 66.10 dollarswhile West Texas places its price at $62.02, and gives up 4.86%.
Gold is the main protagonist in negative territory for one more day after the vertical rises of almost all of January. It maintains moderate cuts in its futures, of 0.72% to $4,707 per ounce, while the spot still cuts significantly: 3.77% to $4,690 per ounce.
Silver also moderates its vertical fall, which accumulates cuts of 31% in the last week. At the close of the Spanish stock market, it fell 0.25% to $78.27.
Already Bitcoin, another of the big losers today at the beginning of the session, recovers 2.12% to $79,137 per asset. In the week it drops 9.7%.
Finally, in the Euro Dollar relationship, the dollar recovers, cutting the single European currency by 0.40% to 1.1803 units.