The IBEX 35 closed with drops of 0.69% at 15,476.50 points. Leading the declines is ArcelorMittal, which lost 5.74%, compared to 4.44% left by Acerinox and 2.61% by Banco Sabadell. Among the increases, the 1.65% of Aena and 1.24% of Sacyr stand out.
The selective faced today’s session after a day with falls yesterday, Thursday, and with a weekly balance with hardly any changes. Until today, the Ibex had only closed positive one day this week, Wednesday, which allowed it to reach new annual highs, at 15,678.30 points. The great objective continues to be the historical highs, located at 15,945.7 points since November 8, 2007. Likewise, today it has reached 15,715.40, 1.47% below record levels.
The business news of the day comes mainly from the end of the acceptance period for BBVA’s hostile takeover bid for Banco Sabadell, an operation that began in May of last year. The question is whether BBVA will reach 50% acceptance by Sabadell shareholders. If this percentage is not reached, it could launch a second takeover bid.
At the moment, BBVA offers one share of its own in exchange for 4.8376 shares of Banco Sabadell. The takeover premium closed yesterday, Thursday, at 2.11%.
Just a few minutes ago we learned that BlackRock’s actively managed funds with shares in Sabadell will accept BBVA’s offer, according to ‘Bloomberg’. The participation of these funds in the capital amounts to 0.5% of it.
Caixabank has carried out almost 80% of its share buyback in the seventeenth week of the program, the maximum amount of which has been set at 500 million euros, as reported by the entity to the CNMV this Friday.
Specifically, in this new week of the program it has acquired 1,805,110 titles, at a weighted average price of 9.0205 euros and an amount close to 16.3 million euros. In this way, in the first seventeen weeks of this program, the entity has repurchased 48,994,277 shares, which represent an amount of 390.4 million euros.
Indra and Sirt have agreed to collaborate in the development of advanced cybersecurity and cyberdefense systems, increasing capabilities and forming multidisciplinary teams.
In terms of recommendations, Goldman Sachs cuts ArcelorMittal’s recommendation from ‘buy’ to ‘neutral’, but increases the target price from 29 to 30 euros. Elsewhere, Bernstein Research maintains its ‘Outperform’ rating on London-listed IAG shares, setting its price target at 470 pence.
Another of the leading securities of the day, this one on the Continuous Market, is FCC, which has signed an agreement to sell 25% of its environmental subsidiary (FCC Enviro) to CPP Investments, a Canadian pension fund, in an operation valued at 1,000 million euros.
Following the operation, FCC, majority owned by Mexican billionaire Carlos Slim, will maintain a 50.01% stake in its subsidiary, while CPP will increase its stake to 49.99%.
Trump threatens China with «massive» tariff increase
The macroeconomic agenda today comes with hardly any references, beyond the consumer confidence prepared by the University of Michigan in the United Statess, which stands at 55.0, a decrease of only 0.2% in the month, but 22% less than a year ago. Investors hardly have any figures to evaluate in recent sessions due to the shutdown of the US government, which lasts more than a week and increases the flow of data that the Fed will have for its monetary policy meeting at the end of the month.
Shortly before the closure it was known that Donald Trump threatens to impose a «massive increase in tariffs» on Chinese products imported into the United States due to the export controls that China wants to impose on rare earths from that country.
Trump also threatens in a social media post to cancel his upcoming meeting with Chinese President Xi Jinping.
The European stock markets close the session this Friday with the German Dax falling 1.71% at 24,229.58 points, the French CAC 40 falls 1.53% at 7,918 points, the FTSE 100 in London drops 0.87% at 9,426 points, the FTSE MIB… falls 1.83% at 42,010 points, while the EURO STOXX 50 down 1.76% to 5,526 points.
Wall Street opened today with the Dow Jones rising 0.24% to 46,469.07 points, the S&P 500 advanced 0.13%, to 6,743.98 points, while the Nasdaq rose 0.09% to 23,045.10 points, although after Trump’s words the indices reacted with sharp falls.
In Asia, the stock markets closed the week hesitant due to the fall of Wall Street, with the Chinese ones leading the falls, weighed down by the negative performance of stocks in their technology sector, stocks in which many investors, after recent strong increases, are choosing to make profits. He CSI 300 ended with a fall of 1.97%, compared to the 0.94% that the SSEC of Shanghai and 1.73% of Hang Seng de Hong Kong.
In Japan, the Nikkei 225 Index has moved away from its recent highs, with a closing fall of 1.01% to 48,088.80 points.
Regarding fixed income, the reference 10-year Spanish bond offers a yield in the secondary market of 3.203%, which leaves the risk premium with respect to its German counterpart at 53.56 points. On the other side of the pond, the 10-year US bond obtains a yield of 4.092%.
Already in the raw materials market, the oil prices They register sharp falls due to optimism about the easing of tensions in the Middle East and supply prospects. Israel has approved a framework that would allow Hamas to release hostages in exchange for prisoners, an important step forward for a peace deal to end the bloody conflict in Gaza.
Thus, Brent, the benchmark in Europe, fell 2.70% to $63.47 per barrel, while West Texas Intermediate futures fell 2.85% to $59.77.
The Euro Dollar rises 0.4%, establishing the exchange rate at 1.1612 dollars for each community currency. Reviewing the main cryptocurrencies, Bitcoin falls 0.7% above $120,500, while Ethereum drops 1.70% at $4,273.