In a day characterized by a lower trading volume than usual, due to the holiday in Spain of the Immaculate Conception, and after a day in which it has fluctuated between drops of 0.20 and 0.10%, the IBEX 35 surprises and ends this Monday with increases that serve to surpass the level of 16,700.
Specifically, the selective ends the day with increases of 0.14% at 16,712.20 points. Los The most bullish values today, Monday, were Sacyr (3.10%), Indra (2.79%) and ACS (2.77%). On the other side, the The biggest falls have been for Puig (-2.44%), Colonial (-1.91%) and Inditex (-1.75%).
Indra closes with significant increases and looks again, although with some distance, at the 50.90 euros that it marked on November 4, its historical record. The catalyst of the day for Indra comes from Madrid transport. The Madrid Regional Transport Consortium (CRTM) has closed the deadline for submitting offers to award the new digital payment system that will revolutionize mobility in the Community of Madrid. Ten consortia are bidding for the contract, valued at around 40 million euros. And among the candidates, Indra stands out, which will compete alongside the German Kontron and starts with the credential of having participated in the current system.
In other business news, the joint venture Neo Next Energy, formada por Repsol y HitecVisionhas announced a strategic agreement with TotalEnergies to merge their oil and gas businesses in the British North Sea. This operation, according to the Spanish energy company, will consolidate Neo Next’s position as a leading operator and producer on the United Kingdom continental shelf, with production planned for 2026 of more than 250,000 barrels of oil equivalent per day. Once the transaction is completed, the combined company will be called Neo Next+. Under the terms of the agreement, TotalEnergies UK will acquire 47.5% of Neo Next, meaning that the combined company will be owned by HitecVision with 28.875%, TotalEnergies with 47.5% and Repsol with 23.625%.
On the recommendation side, Barclays cuts the target price for Telefónica from 4 euros to 3.8 euros, which leaves it without potential: it could fall 3.8% on the stock market.
Acciona and Endesa could experience declines in the stock market in the medium term, according to Bank of America. The entity has raised the target prices of both securities in the Ibex 35, but still estimates a negative potential of -29% for Acciona and -14.5% for Endesa, reflecting that the strong increases accumulated during the year limit its future path.
On the other hand, Iberdrola obtains a subsidy of 170 million euros from the ERDF to build energy storage projects.
According to Cinco Días, Banco Santander is exploring buying its life insurance alliance in Spain from Aegon. Meanwhile, the newspaper Expansión also points to Santander today by pointing out that it is fighting with JPMorgan to control the bond market in Latin America.
Waiting for Powell
Today, and as will be the case until the closing of the global markets this coming Wednesday, the world stock markets are trading with the focus on the Fed meeting that starts tomorrow in the US. The expectation is that the Federal Reserve announces necessary rate cut this weekalthough the meeting promises to be one of the most divided in recent memory. Futures point to a about 85% probability of a quarter point reduction in the federal funds rate, which currently stands between 3.75% and 4.0%. A decision to keep rates unchanged would be a real earthquake. A Reuters poll of 108 analysts revealed that only 19 are betting on inaction, while the rest predict a cut.
Against this backdrop, the rest of European stock markets They finished this Monday with mixto application: increases of 0.05% for the DAX at 24,123.04 points and 0.02% for a Euro Stoxx 50 at 5,725. Meanwhile, red numbers in the CAC 40 with falls of -0.08& to 8,108.43 points and 0.23% for the FTSE 100 at 9,644.6 points.
On Wall Street, the Three main American indices have started the week with slight increases, with the exception of the Dow Jones. Specifically, the DOW JONES opened with slight falls of 0.09% at 47,887.70 points; Meanwhile, the S&P 500 gained 0.10% at 6,877.44 points and the Nasdaq Composite rose 0.41% to 23,675.58 points.
In the crude oil market, Oil Futures are trading lower. At this time, the Brent 1.44% at $62.83, while the West Texas It falls 1.43% at $59.22.
Spot gold remains flat at $4,198 per ounce. Meanwhile, the gold futures US GCcv1 for delivery in December fell 0.44% to $4,223 per ounce.
In the currency market, the Euro lost 0.16% against the dollar and left the exchange rate at 1.1624 greenbacks.
In the fixed income market, the Spanish bond profitability In ten years it yields 3.336%.