Spanish equities are smiling again, and nothing better than doing so thanks to the recovery of 18,000 points that returns today after the close of a complicated week on Friday, led by the presentation of bank results. And above all he does it in a big way, with new historical highs, the fourth of the month and the thirteenth of the year.
But what was going wrong on Friday has gone clearly better today, with the initial recovery of the large banks to a greater extent, which finally has transformed into widespread purchases.
A week that in Spain will hardly be marked by the results as in the case of Mapfre, but in Europe and the US, where in addition the macro data, especially delayed employment and inflation, will be a valuable treasure to take into account for investors.
The IBEX 35 closes the session with gains of 1.4% to 18,195.10 points with the increases of companies such as Banco Sabadell 5.53%, ACS 3.30% and Indra 3.22% and the falls experienced by values such as Puig Brands B 1.03%, Redeia (REE) 0.53% and Enagás 0.52%.
Banco Sabadell among today’s protagonists despite the negative recommendations. For Morgan Stanleythe Catalan bank receives a cut in the target price to 3.45 euros per sharefrom the previous 3.65 euros. Despite this cut, the new valuation represents a upside potential of 10.9% compared to Friday’s close and 7.5% compared to the current price.
More pessimistic are the analysts of Barclayswhich cut Banco Sabadell’s target price to 3.20 euros per sharefrom the previous 3.30 euros. In this case the upside potential is barely and 2.89% compared to Friday’s close, while the current price has already exceeded this level.
In turn, Goldman Sachs raises Solaria’s target price, which goes from 22 euros to 22.50 euros.
Meanwhile, RBC considers Inditex one of its ‘top picks’ along with the British Next within the sector. Canadian bank analyst Richard Chamberlain analyzed pricing trends in the European fashion retail sector on Sunday. Consider that you bet on both values due to its potential for international growth and the transparency of its results.
He has also been in charge of dressing Bad Bunny for his performance at the Super Bowl halftime.
In this way, it indicates its overweight recommendation and the target price it sets in 62 euros per share, with almost 9% potential.
In the Continuous Market, good news for Talgo, which has been awarded the manufacturing and maintenance of 20 new high-speed trains for Saudi Arabia Railways (SAR), on the railway line that connects the cities of Mecca, Medina and Jeddah. This new order will add 1,332 million euros to its portfolio, placing it back at maximums of approximately 6,000 million euros. The 20 new trains are added to the 35 that Talgo already supplied in 2018, which operate with total reliability in the desert, and whose maintenance the company is responsible for.
Already in the rest of Europe, purchases prevail Unicredit y STMicroelectronic like the big bulls of the day. The EURO STOXX 50 gained 1% to 6,058 points, the CAC 40 advanced 0.60% to 8,323 points, the Dax sube 1.18% up to 25,000 points and el FT 100 It gained 0.15% at the close to 10,385 points.
And on Wall Street, after the doubts of the Dow Jones, all indicators point to green maintaining the industrial index the level with ease of 50,000 points, on a day infected by the rises in Asia and especially in the Japanese Nikkei after the resounding victory of President Sanae Takaichi and the indicator reaching, for the first time, the level of 57,000 points that it was unable to maintain at the close despite the strong rise.
Pending the important macro data of the week, prominence today for QuantumScape soars to double digits on Wall Street following the launch of ‘Eagle Line’ in San José, a high-tech pilot factory designed to mass produce its battery parts.
Oracle with significant increases after the technology company has received an upgrade of its recommendation from ‘neutral’ to ‘comprar‘ by DA Davidson. “We believe that a renewed OpenAI will return to its position as Google’s main rival and, with a new capital injection, will be able to meet its obligations this year, including those it has with Oracle,” says the analysis house.
Alphabet prepares a debt issuance of around $15 billionaccording to the agency Bloombergwhich adds to the wave of debt of the companies that lead the boom in investment in artificial intelligence. Large cloud computing companies, known as hyperscalers, are expected to invest more than $650 billion this year to expand their AI infrastructure.
STMicroelectronics wins big, also in Europe, after announcing an expanded multi-million dollar alliance with Amazon Web Services to support cloud and AI data center infrastructure.
At the close of the Spanish market, the DOW JONES rises 0.13% to 50,179 points, the S&P 500 advances 0.49% to 6,966 points and the Nasdaq OMX gains 0.84% to 23,225 points, erasing last week’s losses in heavily punished software stocks.
In the rest of the market, we start with the fixed income market, with cuts that present the 10-year Spanish bond, from 0.40% to 3.211% while in the case of the German bund, there are falls of 0.31% to 2.8382%. The risk premium fell 0.77% to 37.25 basis points.
In raw materials, oil marks increases with a Brent barrel future that presents gains of 0.96% to $68.74 while West Texas places its price at $64.14, and gains 0.90%. Gold rises 2% and stands at $5,088 per ounce. T
Already, Bitcoin is moving with drops of 1.5% to $69,304 per asset. Finally, in the Euro Dollar relationship, the single currency gains positions, 0.76% to 1.1908 units.