The Spanish Variable Income has lived two different lives in this session on account practically the same thing: the reading of the tariff agreement sealed yesterday in Scotland by the presidents of the United States, Donald Trump and the European Commission, Ursula von der Leyen, which has as the main holder that the commercial taxes will be 15% for the community products that are sold in the US
So far the good and those increases clearly above 1% that They have brought to the Ibex 35 until the level of 14,404.80 new maximumswith the open session as we say, that those of May 21, of 14,370.80 points.
All happiness inspired by The great rebound of banks andRovi, the Spanish pharma relieved for not reaching the exorbitant levies that were discussed initially from the United States for the sector.
But the small print of the agreement is, what in the end has turned the selective to negative levels with which this first stock market session of the week has closed.
A maximum volatility day for the index and for valuesthat, in this case, they have clearly read in negative for a sector, The defense.
The commitment of defense material in the agreement closed worth 600,000 million of dollars that at this time increases the price of American companies in the sector minimizes Indra very punished in the session.
But also to Telefónica. And, as UBS had indicated «we believe that historical operators, and in particular those who are natural partners of governments for critical services, could benefit from the increase in budgets for defense and investments in infrastructure.» Hence the falls for the company of Marc Murtra.
In this way, at the close of the market on this end of purchases and sales, IBEX 35 closes with cuts of 0.12% to 14,220.20 points, with the descents of values such as Indra 2.49%, Telefónica 1.60% and Solaria 1.14% and the profits experienced by Banco Sabadell 2.71%, ROVI LABORATORIES 2.43% and Unicaja 2.12%.
The best of the day for Banco Sabadell. Barclays has decided to raise the target price of Banco Sabadell to the 3.20 euros per sharecompared to the previous 3 euros after last week the Catalan entity presented not only its results of the first semester, but also the strategic plan with which it intends to defend itself from the BBVA OPA. The new assessment is a Alcista potential of 8.30% in front of last Friday.
Although the truth is that, in statements to investment strategies, Antonio Castelo, an analyst at Ibroker, emphasizes that it is time to leave Banco Sabadell, for his lightest capital balance against the macrodividends he distributes to fight against the hostile bbva OPA.
More recommendations, with the support of analysts of Santander Group to Repsol, with an improvement in the target price to the 18 euros per sharefrom the previous 15.50 euros. The recommendation remains in ‘Overcoming’.
Already for the rest of European squares, more of the same as in the Spanish case. he Euro stoxx 50 drops 0.28% to 5,337 points, the CAC 40 has closed with 0.43% fall to 7,800 points, the Dax loses a 1.11% up to 23,961 points and FT 100 from London with cuts of 0.46% to 9,078 points.
And in Wall Street, mixed sign for the indicators, with opening levels for Dow Jones and S&P 500 and advances, but very moderate for Nasdaq.
The actions of the Defense Sector rise after knowing that the commercial agreement between the EU and the US will include the purchase of US military team worth hundreds of billions of dollars, Trump said, although it has already been mentioned, it did not specify the figure. Investors do not wait to read the small print and promote actions such as Lockheed Martin, Kratos Defense and Security Solutions, RTX or L3Harris Technologies.
Also energy, because the shares of liquefied natural gas companies rise after the opening of the market after the European Union agreed to buy 750,000 million dollars in American energy as part of a commercial agreement.
Cheniere Energy wins 4%, Global Venture is revalued in the first business minutes 5% and NextDecade also wins above the four percentage points.
In this week of important data on inflation, of results of some of the 7 magnificent with Microsoft and the Fed meeting from which the market discounts a type maintenance in the US.
At the close of the Spanish market, the DOW JONES Ind Average low 0.04% and placed at 44,884 points, with a S&P 500 advances 0.07% to 6,394 points and a Nasdaq omx which earns 0.33% to 21,179 points.
Already in the fixed income, the profitability of the assets down, with 1.48% drops the Spanish bonus to 10 years to 3,266% while, the German Bund places its performance at 2,6810% and earns 1.32%. The risk premium drops 2% to 58.70 basic points.
In oil, important increases for the price of the future of the barrel Brent that quotes at $ 68.96, with increases of 1.92 %% and for the West Texas, which advances in price 1.86% to $ 66.37. Los Gold futures They lose positions, a 1.43, up to $ 3,365.
He Euro dollar It moves with cuts from almost a percentage point to 1,1628 units and Bitcoin which is maintained with 0.4% cuts in the $ 118,137 per active.