The Ibex 35 closes flat above 11,500 points. Repsol and Solaria head and tail at closing

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By Jack Ferson

The Ibex 35 closes flat above 11,500 points. Repsol and Solaria head and tail at closing

Among the most bullish values ​​of the session, Repsol is at the head of the selective with increases of 1.8%, above 11.49 euros. A few steps away, Naturgy (Natural Gas) advanced 1.13% while Bankinter closed with a rise of 1.2% at the close.

Among the most penalized values, Solaria once again shows off the bad behavior it has accumulated since the beginning of the year. The company fell more than 2.6% in the session, followed by Fluidra or Corporación Acciona Renovables, which lost more than 1.5% respectively.

Among the most traded securities of the session, Banco Santander advances just over two tenths, meaning that tomorrow it will begin trading at 4.3970 euros. IAG (Iberia) rose 0.6%, above 3.65 euros, while Telefónica fell just over three tenths.

In the business field, investors who remain active in the market today hardly have references to hold on to. In the energy sector, the CEO of Repsol, Josu Jon Imaz, has accused the Government of “settling regulatory and fiscal policies in a bazaar.” The manager has called to “raise your voice against the tax or imposition on energy companies”, which in his opinion is “making investment in Spain impossible”, according to the interview published in Expansión.

BBVA expects 2025 to be a good year for Turkish banks once the tightening of the country’s monetary policy appears to be over. The subsidiary in Türkiye contributed 433 million euros to profits until September.

In the Continuous Market, DIA has closed the refinancing of its debt with an agreement of 885 million euros, once all the suspensive conditions to which this operation was subject have been satisfied.

For its part, Ezentis Group has informed the National Securities Market Commission (CNMV) this morning that, through its subsidiaries, it has formalized new contracts during the fourth quarter of 2024 for an amount that exceeds 1.5 million euros.

Tomorrow, last day of the year for the Ibex 35

The Spanish Stock Market once again faces a week that is shorter than usual, and in which it remains to be seen if the “tradition” is finally fulfilled and the equity markets revalue in the long-awaited Santa Claus rally.7

It must be remembered that on Tuesday, the last day of fiscal year 2024, In Europe there will be exchanges like the Italian or German ones that will not openwhile those that will, including the Spanish one, will do so only for half a session. The same will not happen on Wall Street, a market that, as usual in the last session of the year, will be operational all day. However, “with many market agents, operators and investors, on vacation to celebrate the New Year, activity in all these markets will be reduced, something that could cause a slight rebound in volatility in them,” highlights Juan J. Fernández-Figares, from Link Gestión.

European stock markets are trading lower. ANDl Dax 40 German has fallen to 19,900 integers, although so far this year it is close to increases of 19%, while the EuroStoxx 50 has lost positions up to 4,800 points. At the same time, the Cac 40 French has dropped to 7,300 points, while the FTSE MIB Italian has fallen to 34,100 points.

On the macroeconomic agenda this Monday, investors learned just during the opening of the preliminary CPI data for December, which rose 0.4% in December compared to the previous month and raised its interannual rate four tenths, to 2. 8%, according to data released this Monday by the National Institute of Statistics (INE).

Besideshousehold deposits in Spain remain above one trillion euros in Novembershowing a year-on-year increase of 4.69%, according to data from the Bank of Spain.

In the US, the Chicago PMI fell to 36.9 in December, below expectations and compared to a November figure of 40.2. On the other hand, pending home sales reached their highest level in 21 months in November, specifically, they rose 2.2% last month to 79.0, the highest month since February 2023.

If you leave the American market, it will be a harsh punishment at the opening of Wall Street this Monday, with the Dow Jones dropping more than 400 points. With hardly any references, there does not seem to be a clear catalyst for sales, but instead investors are opting for profit-taking after a year that aims to be the best for Dow Jones and S&P 500 since 2021.

And the S&P 500 and the Dow have risen more than 25% and 14%, respectively, so far in 2024 and are on track to achieve the best year since 2021, although they are far from the all-time highs from ago. just a few weeks. The Nasdaq has gained more than 31%.

In raw materials markets, oil prices continue to rise after last week’s increases, when West Texas and Brent registered increases of 1.6% due to the reduction in US inventories and the prospects of a stimulus in China to revitalize demand. West Texas Futures rose 0.8% today to $71.20 per barrel, while the benchmark Brent in Europe is paid at $74.21, with an increase of 0.7%.

The Euro Dollar falls again and drops 0.35% against the dollar to a cross of 1.0390 dollars for each single currency, although it is still close to recent lows. The community currency is headed for an annual fall of 5.5% against the greenback.

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