The Spanish Stock Exchange lives again in the midst of uncertainty with an added problem that comes from the NATO summit. This is the reaction of the US president, Donald Trump, asked at the press conference after the meeting on Spain and has indicated textually which will double tariffs to Spain if it does not raise defense spending as the rest of the Member States of the Atlantic Alliance.
It is the last nail, which has served so that, in this bassist session in Europe, The variable income of our country has already signed up for the worst behavior between the squares with the greatest falls.
The banks, very affected today by the Run Run about BBVA’s lack of response to the government’s decision, which is meditating on the Basque entity and the numerous reactions of the entire stock market and economic spectrum to the decision, joins the fact of The increasingly crystalline possibility of a type cut in the US sooner rather than later, Although the words of the president of the Fed, Jerome Powell, in these two days of appearance before the American Congress, has indicated the prudence of moving them for the inflationary effect of the tariffs, even to be determined and its impact on the US economy.
He IBEX 35 Close this third stock market session with 1.59% losses to 13,811.80 points with the falls of values such as Puig 3,34%, BBVA 3,09% Naturgy (Gas Natural) 2.70%, and the increases they experience Act energy 2,60%, ACS 1,32% e IAG (Iberia) 1,09%.
Among the protagonists of the day, banks with an eye on BBVA . Yesterday the government finally gave the green light to the Repeated launched more than a year by BBVA on Sabadell Bank but imposed a series of conditions that can be summarized in Both entities must remain autonomous at least in a period of three years which could be extended to five.
The requirement translates that BBVA will not be able to carry out any “specific process” of employment cuts during this period, although it does appoint counselors at Banco Sabadell if it is finally done with the entity. Now the response of the entity is expected, which is valuing and among the possibility, is to abandon or move forward with the offer.
Among the best of the day, we find a ferrovial, strongly endorsed by the recommendations. It emphasizes that Morgan Stanley analysts raise Ferrovial target price to 56 euros per share, with a bullish potential of 26.2%. Morgan Stanley becomes one of the most optimistic analysis houses on the future stock market. According to the data collected by Reuters, analysts give an advice to ‘buy’ at value, while the average target price is 36.26 euros, practically in line with the current price.
Also, Exane BNP Paribas elevates the recommendation of Ferrovial «Neutral» from «Infraponder», since it is more positive about the highways and airports of the Spanish operator in North America, its main assets. But also raises its objective price from the previous 30 euros, to the current 42.
In addition to taking into account that tomorrow is the last day to access shares with the right to dividend in Sacyr, which plans to pay on July 1 a cash dividend with a charge of reservations of free disposition for an amount of 0.045 euros gross per share.
This distribution of a cash dividend fulfills the commitment announced in the strategic Plan of Sacyr to make changes in the remuneration policy to the shareholders and allocate At least 225 million euros box until 2027.
Meanwhile, acts renewable energy has reached an agreement with Luz del Sur to sell the San Juan de Marcona wind farm in Peru for 218 million euros, subject to conditions and approvals. The operation is expected to close before the end of the year and heads to Ibex 35 at the close of the session.
Already in the rest of Europe, the EURO STOXX 50 yields 0.62% to 5,251 points, CAC 40 loses 0.76% to 7,558 points, the Dax CAE 0.62% to 23,494 points and el FT 100 Cot 0.47% to 8,717 points.
And in Wall Street, a mixed sign for the indicators, with the downward Dow Jones and profits, with maximums included for the S&P 500 about to touch its best levels since January, with the progress also of Nasdaq.
In the business field, the actions of Fedex They are beaten after scheduled for the current quarter below. Fedex predicts tight profits for its first fiscal quarter of between 3.40 and $ 4.00 per share, when Wall Street had predicted a figure of $ 4.03. Besides, For the first time in 13 years, the company has not given perspectives for the whole of the year Faced with the high uncertainty generated in the business of tariff war.
In the fourth fiscal quarter, Fedex reported awarded profits of $ 6.07 over revenues of $ 22,220 million. The analysts had waited $ 5.84 per share on revenue of 21,790 million. Their shares start the session with falls of 4.2%.
Better news for Worthington Enterprises which rises 6.4% thanks to a profits for the fourth fiscal quarter better than expected. Worthington obtained profits per share of $ 1.06, excluding items, exceeding the 83 cents of analysts. The income amounted to 317.9 million dollars, also exceeding the estate estate estimate of 301.4 million dollars.
In this way, at the close of the Spanish market, the DOW JONES loses a media session 0.19% to 43,005 points, the S&P 500 rises 0.04% to 6,095 points and Nasdaq omx advance 0.30% to 19,970 points.
Already in the rest of the market, we start with the fixed income, with increases in the profitability of the Spanish bonus at 10 years, of 0.97% to 3.23% while the progress is 1.18% for the German BUND listed at 2,5650% . The risk premium rises to lead in this session, 0.3% to 66.30 basic points .
In raw materials, oil rises with A future of the Brent barrel that presents advances of 1.69% to $ 67.14 while, the West Texas places its price at $ 65.5, and earns 1.76%.
He Oro gain positions with An cash price that rises 0.04% to 3,324 dollars an ounce And his future that wins a 0.14 % to $ 3,338.
Of Bitcoin moves at levels of 107,526 per asset and earns 2.16%. Finally, in the relationship Euro dollar increases of 0.14% to $ 1,1625.