The IBEX 35 drops 1.09% to 14,906 points. The most penalized values are Cellnex, which is left 2.19%, and Banco Santander and IAG, which decrease 1.96%. On the progress side, Naturgy rises 0.52%, Red Laboratories recorded 0.09%and Merlin Properties 0.08%. They are the unique green values of the index.
The Madrid selective comes from an upward session yesterday Thursday that allowed him to underpin the 15,000 points, but the weekly balance is clearly negative, with a decrease until yesterday’s closing of 2.11%.
If the photo to the August set is extended that today ends for the markets, the situation is more favorable, with an increase so far from 4.68% using the 14,397 points in which Julio closed. The selective managed to conquer last week annually of 15,396.80 pointswhich are also the highest level played since December 2007. However, the great barrier to overcome are 15,945.7 points that since November 8, 2007 are the highest closure in history.
Among the protagonists of the day, investors must take into account that today Banco Sabadell pays their shareholders an ordinary dividend of 0.07 euros gross per share, which represents a disbursement of about 370 million euros. This payment forces BBVA again to modify the exchange of shares raised in the OPA on the Catalan entity, waiting for this month of September to approve the brochure of the operation.
Specifically, The exchange will become 1 Action of new BBVA issuance plus a cash payment of 0.70 euros per share, in exchange for 5,5483 Banco Sabadell shares. Until now, the number of titles to be delivered was 5,3456.
Investors will also have to be attentive to ACS price. According to the agency ReutersHochtief, from ACS, says that Flatirondragados will build two projects valued at 900 million dollars for the Los Angeles Metro. While, The economist He assures that ACS buys energy assets from IGNIS to boost his ‘data centers’ in Spain.
Caixabank has executed 60.4% of its repurchase of shares in the eleventh week of the program, whose maximum amount has been set at 500 million euros, as reported on Friday the entity to the National Securities Market Commission (CNMV).
Merlin Properties announced on Thursday the issuance of non -subordinate ordinary green bonds without guarantee in the Euromercado for a total nominal amount of 550 million euros. The bonds have been issued with expiration eight years, at a 99.507% issuance price of the nominal value, with an annual cup of 3.50%, 105 basic points on ‘MIDSWAP’, as reported by the company in a statement.
Action has imposed on other Spanish companies in a public competition in Canada of at least 1,000 million euros to build new stations and roads of the Toronto Metro, in consortium with other local companies. Specifically, it will work with Amico and Alberici in a project whose design will make WSP Canada, the fourth company that completes the consortium in which the Spanish multinational presided by José Manuel Entrecanales participates.
In other news of the day, Ferrovial negotiates with IAG (Iberia) to move its flights to the new JFK terminal after conquering Qatar, according to publishes The economist.
This Friday’s macroeconomic agenda is marked by inflation figures. Right in the opening has been known The advanced IPC of Spain, which remained in August at 2.7% year -on -yearalthough the underlying inflation rises one tenth, up to 2.4%. The France CPI figures have also been known, with an annual rate of 0.9%, while those of Germany will come out with the session already advanced. In the largest European economy, the retail sales data have been published before bell touch, with a monthly 1.5% drop in July, and import prices, which fell 0.4%.
However, perhaps the most important reference of the day will be the US publication of the consumer expense index (PCE), which is the favorite inflation reference of the Fed. In principle It is expected that the year -on -year growth rate of the PCE General has remained stable at 2.6% and that of its underlying has rebounded to 2.9% (2.8% in June). «If these readings are confirmed or be better than expected, the commitment to a decrease in official interest rates in September would take strength, which, we understand, will be well received by the bags,» says Juan J. Fernández-Figares, of Link Management.
Today, operators give a 85% probability to a 25 -point type cut at the September Fed meetingaccording to the Fedwatch tool of CME Group.
Investors are looking at the September Fed meeting while the controversy follows by Trump’s offensive to control the US Central Bank. Yesterday, the governor of the Lisa Cook Federal Reserve filed a lawsuit in which he alleges that US President Donald Trump has no power to dismiss her from his position, which results in a legal battle that could question the norms established for a long time about the independence of the US Central Bank.
Wall Street, Europe and other markets
At the moment, Wall Street futures point to an opening downward the large indices, with falls below 0.5%, after yesterday both the Dow Jones and the S&P 500 conquest in new historical maximums, supported by the good behavior of technological values, of those of communication services and, in general, of all the cataloged and growth. The Dow rose 0.16%, the S&P 500 scored 0.32%and the Nasdaq technological closed with a 0.53%rise.
During the Asian day, Tokyo’s Nikkei 225 index has closed with a slight decrease of 0.26% to 42,717.50 points, since the strength of the YEN and some weak economic data weighed on the mood of investors.
In raw material markets, Oil prices fall, but they are heading towards a weekly gaintrapped between the expectations of a lower demand as the end of summer in the US, the largest world consumer, and the uncertainty about the availability of Russian supply. Oil Brent reference in Europe drops 0.6% to $ 67.57 per barrel, while West Texas futures fall 0.63% to $ 64.19.
The euro drops 0.07% against the dollar until they leave the exchange rate at $ 1,1675 for each single currency.
In the fixed income, the Spanish debt bonus to ten years offers a profitability of 3,319% that leaves the risk premium against Germany in 60.59 points. The American reference bonus pays 4,225%.