Venezuela changes the tempo of the marketswhich they see as an unexpected event, despite the conflict between the United States and the Maduro regime had already broken out. The arrest in Caracas of the Bolivarian leader, Nicolás Maduro, who today appeared in New York before the American courts and Trump’s announcement that it will be they who want to control power under the new presidency of Delcy Rodríguez the country, It has made its way into the markets, which, far from being intimidated, reflect the new global geopolitical situation.
First, the rise in crude oilafter the slight initial falls with Brent far exceeding $61 and oil companies, including the Spanish Repsol, rising. The second, the defense sector that is gaining traction after the laterality exhibited in the last two months in Europe with Indra in Spain skyrocketing. And the third, Gold, which demonstrates growing instability, with a recovery of almost 3% for the most valued asset in the world.
With all the places clearly positive, The Ibex 35 is full with only two sessions and two new consecutive historical highs, above 17,600 points and new heights to explore.
The IBEX 35 closes this Monday’s session with gains of 0.7% to 17,614 points with increases for values such as Indra 9.68%, Repsol 3.47% and Fluidra 3.06% and falls experienced by values such as Bankinter 1.79%, Naturgy 1.09% and ArcelorMittal 0.85%.
The big protagonist of the day is Indra, which is booming in the market. After two months of laterality marked by the possible peace in Ukraine, which however has not materialized and is waiting for the purchase of Escribano, the best value of the Spanish selective in the past year, it is once again positioned at the head of the Ibex 35 in a continuation of the geostrategic uncertainty, which is also triggered throughout Europe due to Trump’s movements.
In particular, for his insistence on indicating «the need to have Greenland», territory under the jurisdiction of Denmark. Geopolitical tension that increases the interest of investors in the defense sector and that is reflected in the rise in the Spanish value participated by the State.
Also a good session for Repsol, given the rise in the price of crude oil and the privileged situation it enjoys in Venezuela. Bankinter analyst Pilar Aranda recalls that the company led by Josu Jon Imaz has almost 15% of its global oil reserves (for extraction, in the form of concessions) and 12% of its production in Venezuela, a country with the largest proven reserves in the world, approximately 17% of the total.
Telefónica also makes headlines after The Confidential has published that the company estimates recovering 300 million in taxes for several favorable rulings.
In the analyst recommendations, Barclays raises the recommendation of Redeia (REE) to ‘equal weight’, from the previous ‘underweight’, an improvement that also brings with it an increase in the target price, which goes from 14 euros to 15 euros per share.
However, it is below last Friday’s close. In turn, Morgan Stanley reviews its valuation of 4 Ibex financial entities.
Already in the Continuous MarketSoltec continues its upward climb on the Spanish stock market after its return to trading and adds almost 30% more today.
Also remember that, although tomorrow is Three Kings Day and a holiday in Spain, the Spanish stock market will open its doors and we will closely follow the market in real time in Investment Strategies.
Already in the rest of Europe, generalized advances, except in Paris, the EURO STOXX 50 rises 1.28% to 5,925 points, the CAC 40 rises 0.20% to 8,211 points, the Dax gana 1.43% to 24,874 points and the FT 100 rises at today’s close 0.49% to 9,999.85 points.
On Wall Street, widespread gains for the indicators, with a Dow Jones at record intraday levels as investors see no danger from the events unleashed in Venezuela.
Regarding values, the 27 times Trumpin his first public appearance after Maduro’s capture, uttered the word ‘oil’ make the values of the sector turn green.
Investors seem to see in the new scenario a huge opportunity for American oil companies, with the shares of Exxon Mobil (+2.40%), Chevron (+5.5%), ConocoPhillips (+5.5%) or Halliburton (+7.7%) moving with strong increases in the New York morning.
But aside from the oil companies, Wall Street seems to be more aware of Artificial Intelligence than of Venezuela. In this context, TSMC shares listed in New York register increases of 3% after Goldman Sachs Group has raised its price target for the chipmaker, citing expectations for another year of solid growth.
Meanwhile, the Taiwanese FoxconnNVIDIA’s largest server maker and Apple’s top iPhone assembler, on Monday reported record fourth-quarter revenue, driven by strong demand for AI products.
Strong start to the year for the AI sector sets the stage for Consumer Electronics Show (CES) starting tomorrow Tuesday in Las Vegas with more than 4,500 exhibitors.
After the closure of the Spanish stock market, he DOW JONES rises 1.31% to 49,016 points, the S&P 500 advances 0.71% to 6,907 points and the Nasdaq OMX gains 0.91% to 23,446 points.
In the rest of the market, we start with the fixed income market, with cuts in the Spanish 10-year bond, from almost 1% to 3.306% while in the case of the German bund, there are decreases of 0.8 to 2.8758%. The risk premium drops 2.39% and corrects to 42.85 basic points.
In raw materials, Europe’s benchmark oil, Brent barrel future gains positions to $61.60, 1.47%while West Texas places its price at $58.25, and advances 1.61%.
He Oro It gains a significant 2.83% in the face of instability, and at the close of the Spanish stock market it stands at $4,452 per ounce.
Of Bitcoin again with advances that place its price at the best levels of the last 3 weeks. Earn 2.83% to $93,881 per asset. Lastly, in the relationship Euro Dollar with falls for the single currency of 0.10% to 1.1708 units.