A day of waiting and seeing what was experienced this Wednesday in the Spanish stock market, with Sacyr’s negative prominence and the view of the Spanish selective and all of Europe placed on the other side of the Atlantic, in the last Fed meeting of the year.
And although almost the entire market, almost 90%, thinks that the Open Market Committee of the US Federal Reserve will lower interest rates in the United States by 25 basis points this afternoon (starting at 8 Spanish time) for the third time this year, the truth is that what is most expected, son lPowell’s words and the subsequent bias, along with the well-known ‘dot plot’ or dot plot.
The fine print of a meeting that can mark the future of the market. Division is expected among the 19 members of the Fed on the policy to follow and whether the cuts continue in 2026 and in what amount. All marked by the expected changes in the seats of the Federal Reserve and in May with the departure of its president, Jerome Powell, although the president of the United States is already prepared to indicate who will replace him, a choice that has already been made, although not communicated.
Given this environment, the IBEX 35 closes the day with gains of 0.17% to 16,762.50 points. Among the values that rose the most we find Laboratorios Rovi 2.08%, ACS 2.01% and ArcelorMittal 1.6% and the falls of Sacyr 5.96%, Mapfre 1.7% and Ferrovial 1.43%.
Among the protagonists of this Wednesday, Sacyr stands out. Amount cuts after the accelerated placement of a package of 40.76 million securities, equivalent to 5.12% of the share capital of the Ibex 35 construction company.
Specifically, the operation has been carried out by Nerifancompany controlled by the businessman Manuel Lao through Nortia Capital Investment Holdingwho has decided completely exit Sacyr’s shareholding. The titles have been sold to 3,70 euros each one, which represents a 6.5% discount compared to Tuesday’s closing (3,958 euros) and a total amount of 150.8 million euros.
Indra, the most bullish value in the market so far this year, is one of the biggest victims of the session. The technology and defense company would be in advanced negotiations with the fund Apis Partners to sell the payments division Iaccording to information published today by the newspaper Expansion. The valuation could be around 400 million euroswhich could reach 450 million including payments for objectives.
But it so happens that the fall occurs after six consecutive rising sessions in which the value had accumulated gains of 5.8%.
Telefónica is also in the news, since the unions have indicated that the company has proposed to reduce by 440 workers the impact of the employment regulation file, the ERE, in three of the main companies of the proposed collective dismissal Telefónica España, Telefónica Móviles and Telefónica Soluciones. Thus, the company’s departures would reach 5,500.
Regarding analyst recommendations, Exane BNP raises its recommendation for ACS to overweight, from the previous neutral, with the same improvement also for its subsidiary Hochtief. On the other hand, Alantra Equities raises Repsol’s target price from 17.20 to 18.50 euros.
In the Continuous Market, it must be taken into account that Incosa adjusts the forced sale price of Grupo Catalana Occidente to 45.10 euros per share. The insurer will pay a dividend of 4.65 euros per share on December 17.
And the biggest drop of the day, for Elecnor, double digit, after the announcement of the dividend payment, of 0.095 euros per share on December 17, 2025, based on the results of the year.
Already in the rest of Europe, a mixed tone, with London being saved today from the falls, with which the EURO STOXX 50 lost 0.17% to 5,708 points, the CAC 40 lost 0.37% to 8,022 points, the Dax cae 0.15% to 24,138 points and el FT 100 it advances 0.12% to 9,654 points.
Also waiting on Wall Street, with a mixed tone in the indicators to know the future bias of interest rates and the internal conflict over lowering or maintaining rates within the Fed, with inflation, the labor market and the evolution of the world’s leading economy in the foreground.
The other major focus of interest is on Oracle’s results, which will be known with the regular session concluded. It is the value that is most talked about in the alleged AI bubble on Wall Street, both for its dizzying rise and for its leverage in the face of billion-dollar investments in Artificial Intelligence. A rise that led its founder, Larry Ellison, to become the richest man in the world but that After the fact, it has led the value to drop 30% since October.
The results of GameStop have already been known, which reacted with falls of 5.5% in the New York morning. The company posted revenue of $821 million in the third quarter, missing analyst estimates of $987.3 million.
At the end of the day in the Spanish stock market, the DOW JONES rose 0.29% to 47,792 points, the S&P 500 advanced 0.11% to 6,847 points and the Nasdaq OMX fell 0.19% to 23,532 points.
In the rest of the market, we start with the fixed income market, with increases in the yield of the Spanish 10-year bond, from 0.27% to 3.324% while the advances are 0.15% for the German bund which is trading at 2.8623% . The risk premium rises this session, 0.83% to 46.42 basic points.
In raw materials, oil falls with a future for the Brent barrel that presents cuts of 0.76% to $61.48while West Texas places its price at 57.81 dollars, and gives up 0.76%.
Gold gives up positions with a cash price which fell 0.36% to $4,193 per ounce and its future that loses 0.34% up to $4,221 per ounce.
Bitcoin now moves at levels of $91,866 per asset and falls 0.83%. Finally, in the Euro Dollar relationship, increases again to maximums against the greenback of 0.12% to 1.1641 units.