Although we are still struggling with the desires and promises that we want to make come true in 2025, the truth is that the financial markets are ones that truly wipe the slate clean at the beginning of each year. Right now, the memory of an IAG (Iberia) that doubled its price or that of a Solaria weighed down by the bears is of little use.
New year, therefore, new Ibex 35, with a new session with low business volumesince as everyone knows, Christmas is getting longer in Spain waiting for the arrival of their Majesties the Three Wise Men of the East on January 6, when, by the way, the stock market will open in our country. Today, in a session from less to more, with almost 200 points difference Between the best and the worst of the day, the Spanish selective has recovered in the last two hours of business while approaching 10,700 points.
And the prominence in negative of this session has come from the banks in front of the recovery of renewablesthe big ones weighed down last year. A change of bias with financial entities that have experienced a 2024 full of significant increases.
Thus, the IBEX 35 closes the first trading session of 2025 with advances of 0.71% to 10,676 points, thanks to the recovery of values such as Solaria 6.01%, Acciona Energías Renovables 5.22% and Grifols A 3.37 % compared to the cuts experienced by values such as BBVA 1.63%, Banco Santander 1.38% and Unicaja 1.26%.
In terms of news, the setback of the banks is the most talked about of the session with falls, which in the case of BBVA and Banco Santander have exceeded 4% intraday. Factors such as the fall in bonds, the strong advances of last year and the difficulty, latent throughout this year regarding interest rates in much of the world, have strongly pushed the sector downwards not only in Spain but throughout Europe.
Quite the opposite than in the case of renewables, since the upward factors, such as tailwinds that come from lower rates and relief for their debt and with presumably cheaper financing, bring us the leadership of Solaria and the Acciona subsidiary in the sectorr, despite the fact that the photovoltaic platform company has been the most punished on the Ibex in the last year.
Prominence also for the oil company Repsol, since The Norwegian sovereign wealth fund has reduced its presence in the company. On December 31, Norges Bank hada 4.985% stake as a direct stake versus 5.058%on December 19th.
In factNorges Bank has made up to seven changes in its shareholding presence in the oil company in the month of December aloneboth up and down. Its current market value reaches 691.36 million euros.
Let us remember that The value continues to have BlackRock as its largest shareholder with a participation that has not moved since last October 4 of 6.201%.
In the continuous market, prominence for small stocks such as Grupo Ezentis, Duro Felguera and Nyesa Valores, all with revaluations greater than 13% at the beginning of the year, already double digits, also OHLA.
The Tecnicas Reunidas contract in Argentina is also news. An agreement with a subsidiary of the energy company YPF, for the execution of engineering and management services related to the development of the Vaca Muerta project, the large deposit that extends over 30,000 square kilometers in several provinces in central Argentina . Its value, 440 million dollars, while the stock market rose 12% at the close of this Thursday.
Already in the rest of Europe, more of the same, from less to more with the support of Wall Street, while, in the EURO STOXX 50, the sectors that perform best are energy, utilities and health care , in the face of the cuts experienced by cyclical and financial consumption.
The biggest increases led by an Airbus Br, considered today as a preferred value by Bank of America, with gains of 3% followed by the British BP and British American Tobaco, together with Glenncore.
Already on the negative side, we find Mercedes Benz, Santander Bank y Hermes Intl, after the UBS report that describes ‘luxury fatigue’ among consumers and despite the fact that it considers a purchase for the French firm’s shares and with a performance above the 14 that it evaluates within the sector.
At the close, the EURO STOXX 50 rose 0.42% to 4,916 points, the CAC 40 gained 0.17% to 7,393 points, the DAX advances and 0.56 % to 20,021 points, and the session in London ends for el FT 100 with revaluations of 1.07% to 8,260 points.
Already on Wall Street, the S&P 500 promised at the beginning of the session with the best start to the year since 2013, which however has lost strength at the close of the Spanish stock market with its main indicators turning downward.
Among the leading companies of the day, the fate of the planned acquisition of US Steel by Nippon Steel depends on the outgoing US president, Joe Biden, who has until January 7 to decide. In an attempt to persuade Biden, the Japanese company has offered to give the US government veto power over any cuts to US Steel’s production capacity, according to Reuters, citing a source familiar with the matter.
Tesla is also the protagonist, which has published its production and delivery data for the fourth quarter that has disappointed the market. Deliveries reached 495,570 in the last part of the year, for a total in 2024 of 1,789,226 vehicles, while production reached 459,445 cars, ending the year at 1,773,443. Shares of the company led by Elon Musk drop 4.3% in the New York morning.
Regarding analyst recommendations, good news for Uber Tech, which sees as Goldman Sachs includes the stock on its buy with conviction list. The company rises 2.5% at the opening of Wall Street.
Thus, the DOW JONES drops 0.14% to 42,485 points, the S&P 500 at opening, above 5,881 points and the Nasdaq OMX that barely advances 0.02% to 19,314 points.
Now in fixed income, it goes up the 10-year Spanish bond, with cuts of 0.78% to 3.041% while the German bund fell 0.15% to 2.3605%. The Spanish risk premium reaches 68.45 basis points, and falls by 2.70%.
Already in raw materials, oil advances, with a Brent barrel future that gains 02.12% in the market at the beginning of the year to 76.27 while West Texas places its price at $73.49, and rises a steeper 2.48%. Gold gains positions with a spot price that advances 1.11% to $2,653 per ounce.
Bitcoin remains unstoppable with increases of 2.77% to $96,651 per asset.
For its part, the Euro-Dollar relationship is showing strong falls that are close to 1% for the common European currency and is changing against the greenback at 1.0259 units, the lowest since October 2022.