The Spanish stock market dresses up with new purchases to welcome the second advent of Donald Trump in the White House. 47th presidency of the United States, which goes through an orphan day for Wall Street but with general advances in European markets, bonds, oil and gold falling and significant revaluations for the single currency and for Bitcoin
All of this seasoned by the good everything of future Americans, that were quoted and rising in the American market.
Thus, Spanish equities move with gains that again, They place the Ibex 35 intraday on the brink, but without touching 12,000 points, with new annual highs also at the close.
In fact, the IBEX 35 ends Monday with increases of 0.23% to 11,943.60 points, with gains for Indra 2.93%, ArcelorMittal 2.20% and Unicaja 2.06% and losses for values such as Telefónica 2 .72%, Redeia (REE) 1.54% and MERLIN Properties 1.21%.
And in this first trading session of the week the best and the worst come hand in hand. The progress is clearly for the winner of the day, Indra, who throughout the session has led the Spanish team thanks to her change of presidency.
Investors applaud the arrival as the first executive of the technology and defense company of Ángel Escribano, in turn, the company’s first individual shareholder. And he replaces Marc Murtra, who will preside over Telefónica.
It was decided to appoint Ángel Escribano as Executive President of the Board of Directors. granting him the same executive powers at the corporate and institutional level that his predecessor hadin addition to those related to his position as Chairman of the Board of Directors, which will be exercised in coordination with the operational and business leadership of the CEO, José Vicente de los Mozos.
Finally, Indra approved the contract for the provision of executive services to Ángel Escribano, which maintains the remuneration conditions of the previous Executive Presidentas well as the granting of the necessary powers for the exercise of the aforementioned executive powers.
And the worst for the quick exit, and at the weekend, for Telefónica, which today leads the falls of the Ibex 35, due to the arrival of Marc Murtra to its presidency and the dismissal of José Mª Álvarez Pallete, at the head of the telecommunications operator since April 2016.
Presidency that ends with a drop for Telefónica in the stock market of 56.7% and more than 50% loss in capitalization of the company refers, which now exceeds 22.5 billion euros.
At the end of December, and according to BME data, the company It is the seventh in weighting within the Ibex 35 with just a weight of 3.77% in the Spanish selective.
The market also values the improvement of Aena by Jefferies. They stand at 202 euros per share, compared to the previous 198 euros. The recommendation is ‘maintain’.
Jefferies highlights that “traffic is on the rise, with a year-on-year increase of 7.5% in December, although the stock is “without a short-term catalyst.” “In the next 2 years, earnings appear well protected by retail and higher fees in 2026. However, if demand declines due to consumer weakness or capacity shifts east, confidence could fall sharply.”
Regarding the energy sector, Deutsche Bank is clearly betting on Europe, but not so much on Spain. With Redeia especially punished by the reduction to sell from hold, two steps by the firm. In the end it has been one of the most punished values of the session
It also cuts Iberdrola’s target price to 12.50 euros per share, compared to the previous 13 euros. The new valuation is 6% below last Friday’s close. They leave the recommendation to maintain unchanged. Or that of Enagas, which happens to 11.50 euros per sharecompared to the previous 14.50 euros. In this case the valuation is also below the current price, with a negative potential of 4.72%.
Finally, the German firm cuts the target price of Acciona Energías Renovables to 20 euros per sharecompared to the previous 22 euros. Despite the cut, it does represent positive potential compared to Friday’s close, being 6.72% above Friday’s close.
Cuts for the oil company Repsol, due to the drop in the price of oil due to the ‘national energy emergency’ declared in one of his first actions at the head of the new administration in the US.
For its part, IAG (Iberia) moved positively after learning of the endorsement on the London Stock Exchange of the 3.91 euros per share (in exchange for the 330 pence it grants) at which the American Bernstein places its target price Research, with an overweight rating on the value.
Furthermore, today we learned that Neinor Homes, which rose more than 3.8% in today’s session, will pay a dividend of 0.83 euros per share on March 14. The developer, in its provisional closing of the accounts for the 2024 financial year, Neinor Homes announces that it has met its adjusted net profit target of 65 million euros.
Already in the rest of Europe, generalized gains for all indicators, while in the selective pan-European index sectors such as basic materials, industrial and financial sectors shine, compared to health care, utilities and energy, which are moving downwards .
In terms of values, the increases in Mercedes Benz, BASF and the Spanish Banco Santander, faced with the falls of Novo Nordisk, Enel y Zurich Insurance.
In this way, at the close of the market the EURO STOXX 50 rose 0.32% to 5,164 points, the CAC 40 closed with gains of 0.31% to 7,733 points, the Dax advances 0.44% up to 20,989 points and the London FT 100with revaluations of 0.18% to 8,520 points.
Already in fixed income, asset returns are falling, with cuts of 0.35% in the 10-year Spanish bond to 3.153% while, the German bund placed its yield at 2.49% and lost 0.60%. The risk premium lost positions, 0.52% to 66.35 basis points.
In oil, cuts to Brent is trading at $79.67, with cuts of 1.4% and for West Texas, which predominantly cuts 1.65% to $76.11.
And all on account of what will be one of Donald Trump’s first executive orders upon his arrival at the White House. The declaration of a national energy emergency to achieve affordable and reliable American energy, to be able to drill and explore in Alaska and the possibility of allowing LNG exports to other parts of the US and allies.
Gold Futures lost positions, 0.87, to $2,724 per ounce.
The Euro Dollar with significant increases, and therefore falls for the dollar, of 1.06%% to 1.0392 units. The greenback is falling because it seems that, in the most immediate, in those approximately 50 executive orders that Trump will sign after his inauguration, there will not be the urgent imposition of tariffs on his first day in office, despite planning to issue a memorandum on trade.
And Bitcoin that turns negative, to collect accumulated gains during the morning, with slight setbacks at the close of the Ibex 35, but placing its price at $104,755 per asset.
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