This time yes, with the connivance of Wall Street and the rest of the European markets, the Spanish selective moves with profits for one more day, and it is seven in a row, with a cumulative positive of 4% since the last closing on November 21.
Progress that is maintained in this month of December, today due to the increases in a good part of the market and especially in renewables such as Solaria and Acciona Energías Renovables and two victims in recent sessions, ACS and especially Indra.
In this way, within the Ibex 35, the path towards historical highs is taking shape, from which it is barely 150 points away while the session ends close to 16,500 points.
At the close of this Tuesday, the IBEX 35 rose 0.51% and stood at 16,473.10 points, with the increases experienced by companies such as ACS 3.41%, Solaria 2.88% and Bankinter 2.49% and the falls in values such as Cellnex 2.54%, Amadeus 1.85% and Laboratorios Rovi 1.33%.
Among the protagonists of the session, Banco Santander has announced the start of an accelerated process to place 3.5% of the shares it owns in its Polish subsidiary. If all the planned shares are sold, the banking group will own 59,984,148 shares of its Polish subsidiary, representing approximately 58.7% of the share capital. Taking into account the agreement with the Austrian Erste Group to sell 49% of the Polish subsidiary, once the two operations are closed, Santander will have a 9.7% stake in Santander Bank Polska.
Meanwhile, Telefónica has begun negotiations with the ERE unions. The company has presented its first proposal for the companies Telefónica de España, Telefónica Móviles and Telefónica Solucioneswhere most of the planned departures are concentrated. Specifically, it proposes a total of 5,040 dismissals in these three subsidiaries (of the 6,088 contemplated in the entire process) and offers compensation equivalent to up to 68% of the regulatory salary. This proposal has been strongly rejected by the unions UGT, CCOO and Sumados-Fetico.
And look at Inditex on the day before the presentation of results, with falls on this day, while market experts generally expect an irregular quarter to be consolidated with good figures for August and not so much in September and October.
Its capacity for progressive growth will also be essential, while We will have to pay attention to the initial sales figures for the next quarter.
In the analysts’ recommendations, JP Morgan raises its advice on Bankinter to overweight and the target price of 17 euros per sharefrom the previous 12.7 euros.
Furthermore, today Indra is on the rise while negotiations between Trump’s envoy to the Kremlin and Putin become strained while the Russian president makes him wait and tries to raise his positions in Ukraine to have better possibilities at the negotiating table to achieve peace.
In addition, Santander raises the company’s target price to 54.50 euros, with an upward potential of 22%. The recommendation is ‘overweight’. All of the latest guidance on the stock is clearly positive, despite its short-term suffering. The entity gives it a potential for improvement of 20%.
In addition, Acerinox is preferred by Jefferies over ArcelorMittal in its report on the European steel sector.
In the Continuous Market, it must be taken into account that Técnicas Reunidas has completed the payment of the entire loan of 340 million euros granted to it by the State Industrial Participation Company (SEPI), one year in advance of the initially planned schedule.
Already in the rest of Europe, EURO STOXX 50 which rises by 0.37% to 5,688 points, the CAC 40 falls by 0.28% to 8,074 points, the Dax gana 0.51% to 23,718 points, and the session in London ends for el FT 100 with falls of 0.02% to 9,699 points.
Prominence for Bayer, which rises more than 12% after the Superior Court of Justice of the Basque Country confirmed the dismissal of a lawsuit for the Essure contraceptive. The ruling, which reinforces the company’s legal position in Spain, comes in the context of financial and litigation pressure for the multinational, and has been interpreted by investors as a relevant respite within its complex global scenario.
On Wall Street, generalized gains for the indicators with the Nasdaq once again emerging in the market after yesterday’s generalized falls.
Among the leading companies of the day, MongoDB soars 23% after presenting solid results in the third quarter. MongoDB earned $1.32 per share, excluding items, on revenue of $628 millionwhile analysts surveyed expected earnings of 80 cents per share and $592 million in revenue.
Warner Bros Discovery rises 2.2% after reporting that it has received a second round of offers for your purchaseincluding a mostly cash one from Netflix. The offers are binding, giving the council the ability to approve a deal quickly if terms are met, although they have not been described as final. Last week, Warner Bros. asked bidders to submit improved offers by Dec. 1 after receiving preliminary offers from Paramount Skydance, Comcast and Netflix.
In analyst recommendations, Cloudflare shares rise more than 2% after Barclays gave the cybersecurity company an overweight rating. Its $235 price target indicates upside potential of around 19% from yesterday’s close.
At mid-session and at the close of the Spanish selective, the DOW JONES Ind Average remains with advances of 0.6% to 47,574 points, with an S&P 500 that advances 0.59% to 6,852 and a Nasdaq OMX that marks levels at 23,511 points and gains 1%.
In the rest of the market, we start with the fixed income market, with progress in the 10-year Spanish bond, from 0.28% to 3.234% while in the case of the German bund, there are increases of 0.31% to 2.7575%. The risk premium drops 1.43% and corrects to 47.77 basic points.
In raw materials, oil that is presented with cuts in the Brent barrel future of 0.47% to $62.87 while West Texas places its price at $59.02, and gives up 0.46%. Gold loses 1.63% to $4,205 per ounce.
Already, Bitcoin is moving with gains of 7.8% to $91,117 per asset. Finally, in the Euro Dollar relationship it stands at 2.2604 and drops 0.04%.