The IBEX 35 has closed with a 0.96% rise to 14,064.60 points. It is the first time that it manages to close above the level of 14,000 points for no less than 17 yearswhen on May 19, 2008 it was located at 14,247 points. The fastest point of the day has been reached just at the close. It must be remembered that today it has been the maturities of the derivative contracts on the indices, which always generates some more activity in the cash market.
With today’s The accumulated rise after the full advance of the week is 3.76%. A situation caused by the truce between the US and China in tariff matters with 90 -day pause and the reduction of mutual tariffs, which has changed the general bias of financial markets again.
On the day on Friday, at the head of the selective, Grifols has been placed, with 4.60%increases, while renewable companies such as Action (+2.98%) and Solaria (+1.83%) have also put their grain of sand. On the decline side, the greatest punishment has been for Arceormittal (-1.30%) and Acerinox (-0.37%).
In the business plane, attention is still put on the hostile OPA launched more than a year ago by BBVA to get Banco Sabadell. This Friday expires the deadline of the public consultation launched by the Ministry of Economy, after which the department directed by Carlos Corps will have to analyze the answers received. The minister has until May 27 to decide whether or not he will raise the Council of Ministers.
He has also jumped to the first flat Repsol after the newspaper Expansion He has advanced that the US Fund Elliott Management, considered the world’s largest activist fund, has climbed positions in Repsol’s capital up to 1.13%. The oil company will hold its shareholders board in just two weeks, on May 30.
The great protagonist of the year is being Indra, with a spectacular revaluation that far exceeds 80% in 2025, in the heat of the plans of European governments (including the Spanish) to increase the expense in defense. Today also Goldman Sachs analysts have improved the target price to 33 euros, with a little margin to continue going up.
Also good news in the front of the recommendations for Banco Santander, since today we have known that Deutsche Bank has improved the target price of 7 to 7.50 euros per share.
On the other hand, from the RBC Canadian they have cut the target price of acting renewable energy to 23 euros from the 27 precedents. Despite this cut after the quarterly report published this week, the bullish potential still exceeds 30%.
In the pharmaceutical sector, ROVI laboratories recovers positions after the beginning of the bearish year, driven by solid results of the first quarter. Rental analysts 4 highlight the rebound from 45 euros as a possible turning point.
In other news of the day, Cellnex has reinforced its presence in Netherlands with the purchase of Radio Network Nederland (RNN), consolidating its position in the Dutch radio distribution market and betting on innovation and stability in the Dutch radio network.
On the macroeconomic agenda of the day, investors knew this morning the commercial balance of the Eurozone, which threw in March a surplus of 36.8 billion euros. However, the main references have been published this afternoon in the US, with special mention for The consumer trusted index prepared by the University of Michigan, which is located in May in a 50.8 readingwell below the 53.4 expected by the market and 52.2 of the previous month.
Meanwhile, the US Department of Commerce has announced that in April the construction of 1,361 million homes began. The figure is below the expected, since analysts foresee 1,365 million, according to a reuters survey. For their part, April construction permits were at 1,412 million, compared to a consensus forecast of 1,450 million. On the other hand, import prices rose 0.1% in April, according to a report by the Department of Labor. A reuters survey between analysts had planned that the figure would fall 0.4% in April.
After these, everything seems to indicate that the triumphal streak that Wall Street carried this week will be somewhat dazzled, with the Dow Jones, the S&P 500 and the Nasdaq moving practically flat. However, the three large indices are well located to close the week with a clear positive balance thanks to the strong increases experienced after the truce between the US and China in commercial matters.
Today in the American parquet they are also attentive to Fiscal Law of President Donald Trumpthat faces an important test, with the Republican leaders trying to advance legislation in Congress against the demands of deeper expenses of the hard line conservatives.
In European stock markets, also few changes, with the euro Stoxx 50 rising a slight 0.33%. In Germany the Dax rises 0.40% and CAC 40 Parisine records 0.42%. In London, FTSE 100 rises 0.58%.
During the Asian day, Tokyo’s Nikkei 225 index closed practically unchanged, while the Chinese CSI 300 left 0.46%.
In the fixed income, the profitability of the Spanish debt bonus to ten years is today at 3,207%, leaving the risk premium against Germany in 62 points. On the other side of the Atlantic, the ten -year -old bonus pays 4,438% in the secondary market.
In raw material markets, oil prices are aimed at a modest weekly gainsince the decrease in commercial tensions between the US and China has been partially compensated by the highest expectations of Iran’s supply and OPEC+. Brent oil rises 0.77% to $ 65.03 per barrel, while American West Texas future advance 0.83%, 62.13 dollars.
Today the euro fell 0.31% against the dollar until leaving the exchange rate at $ 1,1157 for each single currency. In front of a basket of the main currencies, the dollar index drops 0.05%, to 100.73 points, although it is on its way to registering a weekly rise of 0.3%, supported by the strong increase of 1.3%on Monday.