The IBEX 35 rises 1.19% in the half session on Tuesday to mark 12,759 points. At the head of the increases Caixabank is placed, with an increase of 2.75%, while Banco Santander and Unicaja rise 2.3%. Only two downward values: Puig Brands, which yields 2.49%, and Repsol, which falls a slight 0.06%.
The Madrid selective comes from a positive day yesterday Monday, in which he recovered more than 320 points until it was above 12,600 points for the first time from April 3, the next day to Trump announced his ‘reciprocal’ tariffs in what the US president called Liberation Day.
Since then, the Spanish stock market and the rest of the world stock markets have been shaken by the fluctuations of US tariff policy, full of communications, rumors and denials. In what implies Spain and the rest of the countries of the European Union, The Commissioner of Commerce, Maros Sefcovic, concluded without agreement the meeting of several hours in Washington with his counterparts of the Trump administration To try to agree on a solution to the rates. In a brief statement, SEFCOVIC has warned that reaching a solution will require an “important joint effort by both parties”, while reiterating the Brussels offer for a “reciprocity” agreement with “zero tariffs” for industrial goods.
Meanwhile, the US government announced Monday the imposition of a lien of almost 21% to most tomatoes from Mexico, a measure that will enter into force as of July 14 and that has justified referring to “unfair prices” of this product.
«While everything seems to indicate that The Trump administration is beginning to realize the negative impact that is generating its commercial policy in the economy and markets And that, probably pressed by the big companies, many of them great donors of the Republican party, is giving symptoms of starting to reculate, you never know that it can finally happen, ”he says Juan J. Fernández-Figares, from Link Management. “Until the tariff scenario is not clarified, Uncertainty will remain very highwhich will result in high volatility in the markets. ”
In the macroeconomic agenda of the day, investors have met early in the morning Germany’s wholesale price index, which show a 0.2% decrease in the wholesale prices of March and an interannual rate of 1.3%. While, France’s CPI rose 0.2% in Marchwith an interannual rate of 0.8%. Today the old continent also highlights the figures of the GERMANIA INVESTOR TRUST ZEWwhich falls to -14 in April, as well as the data of EUROZONA INDUSTRIAL PRODUCTION February, which increased by 1.1% compared to January. In the US, the March import and export price index will highlight and the Empire State manufacturing of April.
In the business field, the financial sector is still waiting for the CNMC decision on BBVA’s hostile OPA on Banco Sabadell. As published today Five daysSabadell asks SMEs shielding competition with credits linked to BBVA and Sabadell. The Bank CEO, César González-Buenos, considers that the most effective solution to guarantee competition would be to demand structural measures to the buyer as the sale of certain businesses.
Meanwhile, it has been known that Bank of America has bought 3.09% of the capital of BBVA, according to the records of the National Securities Market Commission (CNMV).
It also continues under the telephone spotlights, which yesterday closed with a rise of more than 3% after selling its subsidiary in Peru. As published today The economistafter this sale the Spanish teleco to accelerates the departure of Mexico, Chile, Uruguay and Ecuador. While, The avant -garde It leads to its pages that the new president, Marc Murtra, wants to undertake mergers in Spain.
In other news of the day, Endesa files Beka for the possible sale of 2,000 MW photovoltaic, according to the newspaper Expansion.
The economist He publishes that the Government authorizes Enagás the sealing of the expired caps of the Castor.
Among the recommendations of the analysts, BNP Paribas reduces to underfold the recommendation on Repsol, from the previous Neutral, while Citigroup, although it maintains its advice to exceed the value in the stock market, reduces its objective price to 13.5 euros per share from the 15 precedents.
In the continuous market, it must be taken into account that OHLA has awarded a new contract in Chile to execute the construction works of a road infrastructure project in Santiago, Chile for 280 million euros and an execution period of 50 months.
Other markets
Wall Street futures point to a slightly bullish opening in the session on Tuesday, after yesterday the large New York rates closed upwards, helped by the rebound of technological ones in the face of the possibility that products such as laptops, smartphones or semiconductors free from tariffs to China, although everything seems to indicate that they will indicate that they will have their own gravels. The Dow Jones rose 0.78%, the S&P 500 by 0.79%and the Nasdaq technological one 0.64%.
During the Asian day, the bags risen for the profits of the companies in the automobile sector, after the US president Donald Trump, insinuated that he could grant exemptions to the taxes related to the cars that are already in force. The Nikkei 225 index has closed with a 0.89% rise to 34,283.50 points, while the South Korean Kospi has noted 0.88%. In China, CSI 300 decreased, however, 0.22%.
In raw material markets, oil prices They fall into a context of new tariff exemptions proposed by Trump, and a rebound of Chinese imports of crude oil in anticipation of a more adjusted Iranian offer.
Petroleum futures Brent of reference in Europe they yield 0.75% to $ 64.39 per barrel, while the futures of the American West Texas decrease another 0.75%, by $ 61.06.
The gold exceeds $ 3,200 an ounce, with a rise of 0.40% to 3,222 dollars per ounce.
The euro drops 0.11% against the dollar until they leave the exchange rate by $ 1,1341 for each community currency.
In the fixed income, the Spanish debt bonus to ten years offers a profitability of 3,228% that leaves the risk premium against Germany at 70.30 points. The profitability of the US bonus at ten years marks today 4,376%.