The Spanish Stock Exchange moves half a session on Holy Thursday with a very measured tone and collection of accumulated profits After adding more than 5% of profits in the week that has been presented since last Mondaythe first de facto amid volatility and uncertainty after the announcement of US tariffs that Trump visualized and their constant sign changes.
If this tonic continues, Ibex 35 would close its best week in two years, with improvement levels not seen since January 2023.
The truth is that The Spanish selective has approached 13,000 points during the week In a clear bullish trend away from the strong initial falls before the initial announcement, and then its variants, such as its reverse with impasse of 90 days although with 10% global imposition. And today it keeps at bay, despite the taking of benefits the 12,900 points.
The recovery of the Spanish Stock Exchange places it as one of the best global markets so far this year in the global spectrum, With accumulated increases until today 11.62%so those advances mean that we have recovered a good part of the lost in this drift of the encumbrances and the commercial war imposed from the other side of the Atlantic.
A half session the IBEX 35 yields 0.19% to 12,917.70 points, with the increases of values such as Banco Sabadell 1.32% BBVA 0.59% and Naturgy (natural gas) 0.40% and falls for companies such as acting renewable energy 32.90%, indra 2% and acts 1.81%.
Among the news to be valued in this session for investors, although absence is expected to be a festive in many Spanish communities, we find the information that it brings Expansion and that indicates that the National Commission of Markets and Competition (CNMC) will give its approval to the merger between BBVA and Banco Sabadell with salvable commitments for the buying entity, after the hostile OPA presented by the Basque entity.
According to this information, the measures proposed by BBVA could still undergo some change, but in no case would it be substantial. The potential variations will be aimed at realizing the deadlines in which the bank must transfer the compliance report of the commitments to the CNMC. There could also be slight modifications in some of the enhanced measures that BBVA has raised.
While Criteriacaixa, Caixabank’s business holding company, points out that its investment in Celsa is still in the study phase at the moment by the company’s management and management team, without anything in this regard, at the moment, anything has been completed in this regard.
And he points out that the operation is maintained under analysis in the same way that occurs with others that analyze the course of the usual investment activity of Criteriacaixa
We have also known that the Board of Directors of MFE-Mediaphoreurope MFE-Media RG-A, the former Telecinco, intends to submit to the General Meeting of Shareholders the approval of a dividend of 0.27 euros per ordinary action of class A and B, which represents an 8% increase compared to the previous year. In addition, the company has set as a goal to maintain a «very positive» net profit in the future. It is the value that gives the most in what we carry as a session in the Spanish Variable Income
As explained by MFE, the total amount of the proposed dividend, and therefore, the remnant of the benefits destined for reserves, will vary depending on the number of actions in circulation on the ex-dividend date, excluding own actions in the portfolio at that time. The dividend payment is expected to be made on June 25. The call for the annual general meeting of shareholders is scheduled for June 18, taking into account the public acquisition (OPA) offer on Prosiebensat.1 of Germany.
Among the recommendations at the beginning of the session we highlight two for the continuous market: on the one hand of Airbus Br with Morgan Stanley that cuts the target price of its shares up to 187 euros per share from the 205 precedents for the value.
Also for Varachala, in this case Citigroup cuts the target price of its titles up to 99 euros from the previous 103 in which it valued the company.
The worst today, which marks the decrease of renewables in general is to act renewable energy by an important cut in the target price for Morgan Stanley. It reduces its qualification to the same weight as the market from raising and Lower its objective price that places in 19 euros from the 23 precedents.
In Europe, in the opening of the market, the Euro Stoxx 50 loses 0.45% to 4,944 points, CAC 40 cuts 0.47% to 7,295 points, the Dax sube 0.32% to 21,242 points, and the session in London begins this Thursday to el FT 100 with decreases from 0.65% to 8,222 points.
All pending BCEfrom the meeting of its Governing Council for which the market discounts a trimmer of the interest rates of 25 basic points, The seventh since last June and especially the statements of the president of the entity, Christine Lagarde about If this descending tonic will be maintained That awaits the market, given the implications of all kinds, inflation and growth, before Trump’s tariffs.
Already in the Asian sessionthe financial markets rose breaking ranks with Wall Street, which fell dramatically after the president of the United States Federal Reserve, Jerome Powell, warned that the current commercial tensions could challenge the objectives of the Central Bank to control inflation and stimulate growth. However, the recovery of future Americans in the morning has marked positive trend in almost all of them
Hong Kong Hang Seng index increased 1.65% While the CSI 300 of Continental China remained stable in a volatile market. The Japanese Reference Index Nikkei 225 rose 0.85%while the broader topix index added 0.83%.
In South Korea, the Kospi index rose 0.68%, While the Kosdaq of small capitalization advanced 1.52%, after the Central Bank maintained interest rates in 2.75%, as expected by economists surveyed by Reuters.
This morning we have known that Taiwanese TSMC, The biggest chips manufacturer in the world’s contract, registered Thursday an increase of 60% to its quarterly benefit, although Your prospects have been complicated For the unpredictable commercial policies of the president of the United States, Donald Trump.
Benefiting from the growing demand for advanced chips used in artificial intelligence applications, Taiwan semiconductor manufacturing co said that the Net benefit for the period between January and March rose to 361.6 billion Taiwanese (11.1 billion dollars), His fourth consecutive trimester of two -digit growth.
Already in Wall Street, Clearly negative session with an eye on technological values although in the end, Jerome Powell’s words have marked the session down. And all this even though at this timefuture Americans recover strongly after the falls last night of interest rates.
The president of the Fed highlighted stated that Donald Trump’s tariffs could represent a challenge for the Central Bank. Powell said during a question and answer session that Taxes could boost short -term inflation and that will probably move us even more from our goals.
And the practical consequence is that, before the May meeting, Powell has pointed out that he will expect more data on the management of the economy before changing interest ratesseeing how the American economy can evolve. That is, it still has no hurry to wait and see before lowering the price of American money.
All this in a session marked by the negative sign of technology. Nvidia’s shares fell 6.9% after the chips giant announced that it will publish a quarterly position of 5.5 billion dollars related to the export of their graphic processing units H2O to China and other countries. The company declared in a statement that the US government demanded a license to send US chips to China.
At the end last night the Dow Jones Indege that drops 1.37% and is placed at 39,669.39 points, with a S&P 500 that cuts 2.24% to 5,275.70 points and a Nasdaq OMX that loses an important 3.07% to 16,307.16 points. But the truth is that at this time and they do it from dawn, they continue to rise at a good pace, in recovery mode the futures on the American indicators.
For its part, in raw materials we see As oil gains traction on Thursday, it rises 0.90% in the case of Brent’s futures, reference in Europe, with levels of $ 66.44while the West Texas American advances 1.10% to $ 63.17.
Gold futures cut slightly from historical maximums, 0.33% in particular, with levels for their future of $ 3,335 per ounce.
The euro dollar yields positions in the case of the single currency, which drops 0.21% to 1,1374 units, while Bitcoin moves up on Thursday with profits of 0.63% to 84,467 dollars per active.