The IBEX 35 has closed with a 0.13% decrease to mark 14,237.30 points. The most penalized value has been colonial real estate, which has left 3.78% after presenting its results. Cellnex has dropped 2.99%. On the side of the advances, they have shone solar (+2.20%) and actua (+1.71%).
The Madrid selective breaks a week that had been immaculate so far, counting for advances every day. Despite today’s decline, the accumulated rise in the five days has been 1.77%.
Much of the optimism of investors has come from the hand of the evolution of tariff negotiations, according to the deadline of August 1. And everything seems to indicate that there will finally be an agreement between the Europe and the US Union, although there are still fringes to close. The European Commission said Thursday that the agreement is at hand; But, just in case, the members of the European Union voted in favor of approving retaliation tariffs about 93,000 million euros in American products in case the negotiations fail.
Meanwhile, the US president, Donald Trumphe pointed out that The chances of a commercial agreement between the US and the EU are a «50-50».
Today’s day is also a hangover, after yesterday the ECB left interest rates unchanged. After this appointment, both Goldman Sachs and JP Morgan have reduced their expectations of new types of types in the second half of the year. Goldman directly does not expect the ECB to make a type cut this yearwhile JP Morgan has postponed his type cutting of type from September to October.
In the macroeconomic agenda of the day, investors have had breakfast with retail sales data in the United Kingdom, which show an increase of 1.7% year -on -year in June, slightly below the scheduled 1.8%, although recovering from the fall of the previous month. On the other hand, the IFO Institute said Friday that its German business trust index was 88.6 in July, worse than planned by the market. In the US, the Department of Commerce has announced that the requests for lasting goods fell 9.3% in June compared to the previous month. Analysts had expected a 10.8%drop.
Colonial, Indra, Telefónica and more …
The week has been marked in the Spanish parquet for the results season, with the counts of companies of the Iberdrola draft, Naturgy (Natural Gas), Enagás, Repsol, Mapfre, Banco Sabadell, Bankinter, Acerinox and Rovi Laboratories.
The last to jump to the fore in the IBEX 35 has been colonial real estate, which announced to the market yesterday that the value of the assets in the first semester amounts to 11,860 million euros, registering an increase of The first part of 2024.
In other news of the day, the Reuters agency has advanced that Telefónica is in exclusive conversations to sell its Mexican business to Beyond One, owner of Virgin Mobile Mexico. The Mexican business could be worth 520 million euros, according to a research note published by Kepler Chevreux in June.
While Murtra is releasing ballast to focus on Telefónica’s strategic markets, his previous company is in full growth process. Indra will acquire the drone business of the Spanish firm Airtec. The operation is expected to be official next week and contribute to strengthening the new Armament Division of Indra, called Weapons & Ammunition.
In the recommendations of the analysts, Barclays raises the objective price of Repsol to 17 euros per share, from the previous 15 euros. It is a potential of more than 25% for a value that is at annual maximums.
The British firm also improves Bankinter’s target price, in this case up to 12.60 euros per share, from the previous 11.20 euros. On the other hand, UBS raises the target price of the bank to 13.25 euros, from the previous 12.50 euros.
Morgan Stanley cuts Cellnex’s target price to 41 euros per share, from the previous 43 euros. Despite this, the potential is 23.7%.
Deutsche Bank cuts Acerinox’s target price to 14 euros per share, from the previous 15 euros.
In the continuous market, several companies have taken advantage of today to publish their results. Among them Reig Jofre that scored in the first semester a benefit of 1.5 million euros. The revenues reached 167.4 million and the ebita, 14.2 million.
It has also filed Almirall accounts, which has put on the table a net profit of 26.5 million euros. Net sales increased by 12.7% to 560.5 million euros, while Ebitda amounted to 121.8 million euros, with an increase of 16.6% and in just line to meet the objectives of the year.
Neinor Homes has presented its results corresponding to the first semester of 2025: the company has written 803 homes between its own portfolio and its asset management business. Total revenues amounted to 148 million, of which the promoter business (BTS) contributed 112 million through the delivery of 323 homes with an average price (PMV) of 348,000 euros per unit. Neinor reiterates its Ebitda target by 2025 of between 100 and 110 million euros.
Wall Street, Europe and other markets
In the rest of European stock markets, the Euro Stoxx 50 has closed with a decrease of 0.10% to 5,350 points, above its minimums of the session. The DAX today fell 0.43%, while the Parisian Cache rose 0.21% in Paris. The FTSE 100 of London gave up 0.21%.
In Wall Street the session has started with advances, although very light. The Dow Jones recovers from yesterday’s stumble and will close the week with a clear positive sign, while S&P 500 and Nasdaq are still in luck, aimed at closing marking historical maximums. The negative note of the day is for Intel, which falls strongly after disappointing with its results report and, above all, with its forecasts for the third quarter.
During the Asian day the bags backed down after their recent maximums, with the Japanese markets moving away from their historical record, while investors collected benefits before a crucial week that includes the deadline of the tariffs of the president of the USA, Donald Trump, and a series of central banks meetings. In this way, Tokyo’s Nikkei 225 index closed with a decrease of 0.84%, until staying at 41,473.50 points.
In raw material markets, news about a possible increase in the oil supply from Venezuela and Trump doubts about a commercial agreement between the US and the EU make oil slightly fall. Brent reference oil in Europe yields 0.44% to $ 68.86, while American West Texas futures fall 0.64%, in 66.61 dollars.
In the currencies, the dollar moves away this Friday from its minimum of two weeks, but continues towards its largest weekly fall in a month. The euro drops today in front of the green ticket by 0.17% to marking $ 1,1731 for each community currency.
In the fixed income, the Spanish debt bonus to ten years offers a profitability of 3,317%, leaving the risk premium against Germany in 59.80 points. The American bonus pays 4,411%.