The IBEX 35 has closed with a decrease of 0.09% to 15,308.20 points. The most penalized value has been active, which has lost 1.36%, while Grifols has left 1.27%and solely 1.12%. On the advance side, Indra has risen 3.03%, while Enagas has advanced 1.21%.
Despite today’s minimal correction, the Madrid selective has had a very positive week in which he has exceeded 15,300 points and finally wanders with an increase of 3.07%. The big glass roof to overcome remain 15,396.80 points which since August 22 are the highest closure of Ibex 35 since December 2007.
Today has also been a hangover for Inditex. The company with the largest stock market capitalization of the parquet has closed with falls after having accumulated a rise of more than 8% after its latest quarterly results. This climb, rather than to the report that the textile giant on the table to the advance that gave the sales of the autumn/winter season.
Although his movements in the day have been scarce, today the great protagonist of the day has been Banco Sabadell. The Council of the Catalan entity has not wanted to hurry the deadlines and has rejected BBVA’s purchase offer by considering that the price «does not properly collect» the intrinsic value of Sabadell’s shares, underestimating «very significantly» its project. The BBVA OPA on Sabadell offers an action and 0.7 euros in dividends per 5.5483 Sabadell titles.
The decision of the Council has been unanimous. However, David Martínez Guzmán, third shareholder of the entity with 4% of the capital, has refused to go to the OPA but has asked BBVA to improve the bid and present “a competitive offer” that can achieve the majority support of the shareholders.
Although without interference in the contributions, today the financial sector has also been agitated by the news that The President of the European Banking Authority (EBA), José Manuel Campa, will leave his position on January 31more than three years before his mandate expires.
In other news of the day today The confidential He assured that Indranegocia the acquisition of Oesia to its maximum shareholder for 500 million and that its president, Ángel Escribano has already maintained advanced conversations with Luis Furnells, with which the state of defense controlled by the State already has several strategic agreements. However, Indra has assured in a document referred to the CNMV that «today, conversations are not being held for the acquisition of Oesia».
Regarding analysts recommendations, UBS It has raised its objective price for Iberdrolade 16.90 to 17.30 euros and has maintained the qualification in «purchase». The day of the electricity market, on September 24should lay the bases for growth over the next three years, according to Gonzalo Sánchez-Bordona, an analyst of the Swiss bank.
RBC Capital analysts raise the target price of Ferrovial to 52 euros per share, with a 6.5%bullish potential. The value is located in historical maximum zone.
Also note that Barclays raises the target price for IAG (Iberia) from 370 to 380 Penshirts, that is, up to 4,396 euros per share, but maintains its qualification in «Equal Weight». Today it has also been known that the airline holding will maintain its 20% participation in Air Europa after the entrance of Turkish Airlines, although it has reiterated that it is a financial position.
Already in the continuous market, Duro Felguera has announced that he studies legal actions against the Romanian Natural Gas and Electric Power Romanian Billy after the unilateral resolution of the contract for the works in the Combined Iernut cycle center.
In addition, Renta 4 maintains its recommendation to ‘overpone’ for Ecoener and gives it a potential of 40% after announcing the company yesterday the development of a new project in Romania.
In the macroeconomic agenda of the day, investors had breakfast today with the data of the iPC of Spain of August. The annual variation rate of the CPI stood at 2.7%, the same as that registered in July. The annual underlying inflation rate increased one tenth, to 2.4%. The monthly variation of the general index was 0.0%. The harmonized consumer price index (IPCA) placed its annual rate by 2.7%, the same as the previous month.
This reference is known after yesterday the European Central Bank (ECB) fulfilled the forecasts and left without changes the interest rates of the Eurozone.
Now the ball passes to the Federal Reserve roof, which will meet next week. After the latest inflation and labor market figures, the market is considered as a cut in interest rates, the first of the year. As for the amount, market operators handle a 92.5% probability to a cut of 25 percentage points, and only 7.5% to a 50 -point cut, according to the CME Group Fedwatch tool.
At the moment, this Friday’s day is mixed on Wall Street, although the week will close with a clearly positive balance. At this time, the Dow Jones records slight advances and loses the historic level of the 46,000 points, while S&P 500 and Nasdaq continue to increase in maximums.
In European stock markets, the day on Friday is also of few changes. The Stoxx 50 euro, the main index of the old continent, rose a slight 0.08% to 5,391.10 points, while the German Dax stood flat. In Paris, CAC 40 added 0.02% and in London the FTSE 100 yielded 0.18%.
During the Asian day, the bags closed upwards, with technological values, and more specifically those of semiconductors, leading the advances. In this way, Tokyo’s Nikkei 225 added 0.89% to 44,768.12 points.
In raw material markets, Oil prices rise this Friday, bouncing the strong declines of the previous session. The operators are discussed between the concern for the possible weakening of the US demand and the broad excess of supply, on the one hand, and the concerns about the interruption of the supply derived from the conflict in the Middle East and the war in Ukraine, on the other. The reference Brent crude in Europe rises 1.75% to $ 67.54 per barrel, while West Texas futures advance 1.65%, at $ 63.39.
Gold prices still do not find a brake and total four consecutive weeks while investors look at the Fed. Today the yellow metal in its cash variety is recorded 0.31% to 3,645.20 points.
The euro today fell 0.08% against the dollar in the currency market, until leaving the exchange rate at $ 1,1726 for each single currency.
In the fixed income, the Spanish debt bonus to ten years offers a profitability of 3,283% left by the risk premium against Germany in 57.25 points. The ten -year -old bonus pays 4,071%.