Infected by the euphoria of Wall Street, and a PCE that has not provided surprises, the Ibex 35 has stepped on the accelerator at the end of the week. In this way, Spanish investors have also celebrated the evolution of prices in the US, which offers a respite by maintaining the current balance and leaves the Fed on the way to apply two more type cuts this year, which reinforces optimism in the markets.
Specifically, the Ibex is over this Friday with 1.30% increases at 15,350.40 points. Los More bullish values of the day have been Acerinox (2.83%), Arceormittal (2.58%) and Bankinter (2.35%). On the side of the falls, the most penalized shares have been those of Solaria (-2.40%), AENA (-1.21%) and Rovi (-0.97%).
Thanks to today’s day, The IBEX 35 saves the week in the calculation and adds in these 5 days increases of 0.80%.
The bags have thus left the tariff policy again after the announcement of the US president, Donald Trump to impose new tariffs from October 1, 100 % to imported pharmaceutical medications. In addition, the Banco Sabadell analysis direction has evaluated the impact of these tariffs on Spanish pharmaceutical companies and has indicated that the total integration of Grifols in the United States allows it to avoid the impact of Trump’s tariffs. For its part, Almirall and Laboratories Rovi will not be significantly affected by the announced measures.
Also from the macro side, information suggests that the It would be analyzing the possibility of imposing tariffs on the imports of steel and products derived from China. According to the German Economic newspaper Handelsblatt, the European Commission intends to impose high -range tariffs on steel and products derived from steel, between 25 and 50 % in the coming weeks. It also plans to link the award of public contracts to the «European Purchase» standards, so that in the future, meters, bridges and roads they are built with green steel produced in Europe. This has led to Ibex 35 aleras to finish the day as the two most bullish values of the day.
In another order of news regarding Ibex 35 values, pointing out that CITI has carried out a detailed analysis of the public acquisition (OPA) offer that BBVA has launched on the Sabadell bank, assigning different probabilities to different scenarios that could be developed following this operation. According to CITI, there is an indicative probability of 45% that BBVA achieves an acceptance of between 30% and 50% in his OPA to Sabadell. In addition, it gives 35% possibilities to the stage in which it reaches 50% acceptance.
The Morningstar Dbrs credit qualification agency has decided to keep the Rating as a long -term emitter from Banco Santander in ‘A (Alta)’while leaving the perspective in ‘stable’ unchanged.
Mapfre has announced the implementation of a sharing repurchase program for a total of 50 million euros, in order to fulfill its obligations derived from medium and long -term incentive plans. The repurchase will be carried out at the market price and will be managed by Morgan Stanley.
In the field of recommendations, JP Morgan reduces the recommendation from “neutral” to “underprate” AENA, and reduces its objective price of 23 to 21 euros per share, a review that, in practice, warns of a potential of fall close to 8% compared to current levels.
Bank of America begins the coverage at Repsol with a neutral recommendation and target price of 15.50 euros, a price that gives it a margin of up on the current contribution. Meanwhile, RBC cuts Cellnex’s target price from 39 to 37 euros
Already in the continuous market, indicate that the Board of Directors of Hardr Felguera approves the restructuring plan, as the value was quoted yesterday. He has achieved an important advance when he reached a principle in accordance with the Fund for Support for the Solvency of Strategic Companies (PHASEE), administered by the State Society of Industrial Participations (SEPI), and their control shareholders, Mexican companies Prodi and Mota-Engil Mexico. This agreement, which is subject to obtaining the relevant authorizations, has been communicated to the National Securities Market Commission (CNMV) after the approval of the restructuring plan by the Board of Directors on September 22.
Other markets
In the rest of European parksalso23,726,15n have prevailed purchases. The DAX closes with 0.87% increases in the 23,726.15 points, the FTSE 100 rises 0.78% to 9,285.74 points, CAC 40 recovers 0.97% in 7,870.68 and the Euro stoxx 50 adds 0.98% in 5,498.
After three consecutive loss sessions, Wall Street tries 22,454.92 points.
In the raw material market, oil futures quote green. The barrel Brent rises 1.47% to $ 70.44, while the West Texas American adds 1.75% to $ 66.12.
For its part, gold continues in a maximum zone, now with 0.73% increases to 3,776.68 dollars an ounce.
As for the Euro Dollar ratio we see more profits for the single currency, which rebounds 0.30% to 1,1701 green tickets.
On the other hand, Bitcoin continues to fall with 2.35% cuts and places its price at 108,988 dollars.
Finally, in the fixed income field, the Spanish Bonus Profitability falls to 3,294%.