Spanish equities are celebrating again, with two out of two so far this week. It consolidates the fifth historical maximum in just one month and the second consecutive and that occurs in this month of November. Decided gains that bring the selective closer to 16,400 points and in which, in addition to the strongest values in the market, those that were lagging behind so far this year also participate.
In this way, and at the close of the market, the IBEX 35 rises 1.27% to 16,388 points with the gains of values such as Laboratorios Rovi 4.14%, Puig 4.07% and Inditex 2.98% and the cuts experienced by Solaria 3.69%, Acciona Energías Renovables 2.78% and Grifols A 2%.
Among the protagonists of the session, the two large banks stand out with new highs, which break those consolidated yesterday in the market, and which are once again brought to the fore, after the results, to the sector that has had the best implementation so far this year, with an average profit of 96%.
Santander Bank. The latter is in the news after the Bloomberg agency published that The entity chaired by Ana Botín has hired Citi and Goldman Sachs to sell its 13% stake in the Polish subsidiary. In any case, the bank has not made any decision yet, according to the media. The sale could be total, through blocks over the next few months, or not occur at all. Santander decided in May to sell 49% of its Polish subsidiary to Erste for 6.8 billion euros.
And BBVA for whom Goldman Sachs breaks the deck and the bar that until now Bank of America had set more than high. Its target price, with a buy recommendation on the value, is now 22.40 euros per share, with room to continue rising up to 21.5% from its closing today, so the value has a rope for a while.
Inditex also rebounded strongly in this session, while Telefónica added to the gains with almost a 3% revaluation after its continued ordeal in the previous days after reducing its future dividend.
Naturgy (Natural Gas) is also the protagonist of the day. On the one hand, the Reuters agency publishes that Venture Global signs a 20-year LNG supply agreement with the company. According to Expansión, Naturgy signs an agreement in the US for 4,000 million and avoids Russia.
Regarding the analysts’ recommendations, Berenberg lowers the target price of Redeia (REE) to 16 euros per share, from the previous 18.60 euros. After this cut, the potential remains at just 4.7% compared to yesterday’s close. Along these same lines, Renta 4 cuts its target price to 17.50 euros per share, from the previous 18.40 euros.
All this while Laboratorios Rovi continues to live off the income and its good recommendation yesterday from Jefferies to lead the gains of this session. Let us remember that the New York firm maintains its buy recommendation and raises the target price from 71.70 to 77.80 euros per share. which after the weekly profits leaves its revaluation potential at 37%.
The quarterly results season will allow the accounts of Acciona, Banco Sabadell, ACS, Inmobiliaria Colonial and MERLIN Properties to be known this week.
Already in the rest of Europe, EURO STOXX 50 rises 1.06% to 5,724 points, the CAC 40 advances 1.25% to 8,156 points, the Dax gana 0.55% to 24,107 points, and the session in London ends for el FT 100 with increases of 1.16% to 9,900 points.
And on Wall Street, the tables are turned with a Dow Jones on the rise in the face of cuts in the S&P 500 and Nasdaq after confirming that the Senate has approved the 15th attempt to overcome the government shutdown. It is expected that, at the earliest tomorrow, Congress will approve it for reopening.
NVIDIA shares fell approximately 2.3% at the opening after this divestment, after rising 5.8% yesterday, representing no less than a quarter of the rise of the S&P 500.
Meta (Facebook) shares also move negatively after the news that Yann LeCun, the company’s chief artificial intelligence scientist, plans to leave the social media giant to found his own startup. LeCun, a Turing Award winner, is widely recognized as one of the pioneers of modern AI.
Paramount Skydance rises almost 7.5% after the company announced it plans to cut another $1 billion in costs, having initially announced a $2 billion plan upon completing its merger in August. Paramount has also announced a new round of layoffs and plans to raise prices for its main streaming service, Paramount+, in the first quarter of 2026.
Eyes are also on Advanced Micro Devices, which is holding an event with analysts in which they hope to learn details of the chip company’s plans.
At the end of the day in the Spanish stock market, the DOW JONES Ind Average remains with advances of 0.3% to 47,541 points, with an S&P 500 that falls 0.27% to 6,813 and a Nasdaq OMX that marks levels at 23,339 points and cuts 0.8%.
In the rest of the market, we start with the fixed income market, which gives up positions, with the 10-year Spanish bond, which drops 0.41% to 3.157% while the falls are 0.47% for the German bund, which is trading at 2.6526%. The risk premium fell 0.3% to 50.45 basis points.
In raw materials, oil is gaining ground, with a future of the Brent barrel that rises 1.42% to 65 dollarswhile West Texas places its price at $60.97, and advances 1.41%.
Gold once again cuts slightly by 0.13% and is on the verge of $4,117 per ounce.
Bitcoin is now down 1.75% and stands at $103,416 per asset. Finally, in the Euro Dollar relationship, increases of 0.34% for the single currency against the greenback to 1.1597 units.