Consolidation of levels in this first Christmas week in which investor holidays and closures, with half a session on both sides of the Atlantic on the 24th and the Christmas break, on the 25th and 26th in Europe, due to St. Stephen’s Day being celebrated and the stock markets in Europe unifying schedules, are certainly short, at two and a half sessions this week.
Without losing 17,100 points, The Ibex still remains at a very favorable level to continue breaking historical highs.
The IBEX 35 closed on Monday with falls of 0.07% to 17,158 points led by the cuts of Cellnex 1.30%, Banco Sabadell 1.20% and Endesa 0.87% and the increases experienced by values such as Repsol 1.83%, Aena 1.10% and Inmobiliaria Colonial 0.96%.
Among the news of the day, Telefónica stands out, which estimates that the employment regulation file (ERE) that will affect seven companies in the group and in which, According to the company’s calculations, around 5,500 people will leave, it will cost about 2.5 billion euros for the telecom company.as reported through the National Securities Market Commission (CNMV).
«The average annual savings from direct expenses in the group are estimated to be close to 600 million euros from 2028. Broken down, Annual savings will be around 500 million euros in Telefónica España and Movistar Plus+ and around 60 million euros in corporate units», the company has indicated.
However, the impact on the cash generation of the ERE, which was signed this Monday with the unions, will be positive from 2026, as will the capture of savings, given that the departure of employees is estimated to take place from the first quarter of 2026.
It’s also news Indrawhich loses positions again. ANDThe American fund AQR Capital has increased its bearish bet on Indra to 0.9% compared to the short position it had on December 10, which stood at 0.82%, according to CNMV records. It must be taken into account that the National Securities Market Commission only publishes short positions greater than or equal to 0.5%, which are the ones that must be reported to the regulator.
Besides, S&P Global Ratings has been raised to ‘positive’ from ‘stable’ at the prospect of Endesa confirming its ‘BBB/A-2’ credit ratings, after adopting the same decision on its parent company, Enel, in the expectation that the Italian company will continue to “make selective investments in networks and contracted long-term renewable energies, while keeping its net debt under control.”
It is also news that ArcelorMittal maintains its growth in the stock market of more than 9% in the last monthDespite the slight decreases recorded by the value in the last week.
The steel company has just announced three new renewable energy projects in Indiawhich add up to 1 GW of solar and wind capacity. Once completed, the projects will double its renewable energy capacity to 2 GW in India and raise it to 3.3 GW globally. Its cost is about 900 million dollars or 770 million euros.
Negative day for renewables on the Ibex 35 after Donald Trump has stopped Coastal Virginia Offshore Wind, the largest project of its kind in the United States, as well as four other wind farms on the east coast of the country.
But the Republican administration has also suspended the lease contracts for four other large-scale offshore wind projects: Vineyard Wind 1, Revolution Wind, Sunrise Wind and Empire Wind 1. The first in Massachusetts was the first for Avangrid, Iberdrola’s subsidiary in the United States.
And in the rest of Europe, limited but general cuts for the indicators with the EURO STOXX 50 down 0.32% to 5,741 points, the CAC 40 down 0.37% to 8,121 points, the Dax retreats 0.04% to 24,286 points, and the session in London ends for el FT 100 with losses of 0.39% to 9,858 points.
On Wall Street, a session of general recovery in all indicators. Among the protagonists, Oracleprobably one of the great AI stocks that has suffered the most from market fears in its price in the face of its large debt due to its determined commitment to capital spending.
Last Friday, however, the stock rose 6.6% after the agreement to take control, along with other American investors, of the joint venture that Bytedance will create so that the popular TikTok continues to have a presence in the United States. Wesll Fargo analysts raise the company’s potential to close to 50% following this news, reiterating its recommendation of overweight . Advance a little less than 2% mid-session.
NVIDIA , is also news because it has informed its Chinese clients that plans to start shipping its second most powerful AI chips to China before the Lunar New Year holiday, in mid-February.
Shipments are expected to reach a total of between 5,000 and 10,000 chip modules, which is equivalent to between 40,000 and 80,000 H200 AI chips, according to sources consulted by Reuters, which has advanced the news.
The market is also still pending the war between Netflix y Paramount to get hold of Warner Bros. Discovery . According to a regulatory notice filed Monday, Netflix has refinanced a portion of its $59 billion bridge loan to support its potential acquisition of Warner’s film and television studios and streaming assets.
Meanwhile, Paramount Skydance has adjusted its hostile takeover bid to acquire all of Warner Bros. Discovery pto incorporate an irrevocable personal guarantee of $40.4 billion from Larry Ellison, co-founder of Oracle, in financing the offering.
At the close of the Spanish stock market, the DOW JONES rose 0.43% to 48,359 points, the S&P 500 advanced 0.47% to 6,866 points and the Nasdaq gained 0.48% to 23,421 points.
Already in fixed income, advances in asset returns, with increases of 0.78% for the 10-year Spanish bond to 3.348% while, the German bund places its yield at 2.9121% and rises 0.7%. The risk premium rose 0.55% to 43.69 basis points.
In oil, strong recovery after the threats this weekend from the president of the United States to Venezuela. Specifically, the reference future in Europe, Brent rises 1.98% to $61.67 while West Texas places its price at $57.66 per barrel while advancing 2.02%.
Meanwhile, Gold Futures are at new all-time highs. They gained 1.89% to $4.469 per ounce.
The Euro Dollar with advances for the single currency of 0.45% to 1.1763 units. For its part, Bitcoin barely gained 1.61% to $87,781 per asset.