The IBEX 35 closes with increases of 0.39% at 11,656.60 points. The advances are led by MERLIN Properties, which scores 4.03%, followed by Solaria’s 3.78% and Cellnex’s 3.17%. On the falls side, the banks take the cake: Caixabank gives up 4.32% and Banco Santander 3.53%
The selective arrived at this last weekly session with a slight negative accumulated, of 0.20% until the close of Thursday, so with today’s increases it closes the week practically flat, with a timid rebound.
Today, one of the events that has moved the Spanish stock market the most has been the approval yesterday Thursday by Congress of the Government’s new fiscal plans, which include the extension for three years of a modified temporary tax on banking.
At the moment there is no tax on energy companies, although it could only be a matter of time, since the Government has committed to Podemos, ERC, Bildu and BNG to also extend this tax before the end of the year, when the temporary tax designed expires. in 2022.
Without leaving the financial sector, Caixabank informs the Spanish regulator that it has executed 5.59% of its share buyback program, which has a maximum amount of 500 million euros, in the first week. The company has already acquired 5.13 million titles.
Inmobiliaria Colonial is another of the main protagonists of the day, after the Colombian Santo Domingo family, through its company Aguila LTD, decided to sell 5% of the capital it controls in the Socimi at a price of 5.23 euros per action.
This was announced to the CNMV, detailing that the block of securities sold amounts to 31,558,544 shares. The final price of this accelerated placement represents a 5% discount compared to yesterday’s closing. The departure of the Santo Domingos occurs a few months after the increase in the stake led by Criteria Caixa in Colonial: in May it went from 3% to the current 17%, through an increase of 350 million euros and a contribution of 8 estate.
In the Continuous Market, the main protagonist of the session has been Deoleo, after an unfavorable ruling for its Italian subsidiary Carapelli Firenze that condemns it to a payment of 89 million euros in relation to a customs inspection dispute that began in 2014.
The market digests the PMIs…
In the macroeconomic agenda today, the market knew early in the morning the Germany GDPwhich increased 0.1% in the third quarter compared to the previous three months, a figure lower than expected by analysts. In a previous estimate, the German statistical institute had estimated a variation for GDP for the quarter of 0.2%. Compared to the same quarter of the previous year, the German economy grew by 0.1% in the third quarter, after an initial estimate of 0.2%.
The other major references of the day are the data of the PMI Compounds (with the respective figures for manufacturing and services) from Germany, France, the Eurozone, the United Kingdom and the United States that have been known throughout the day.
Taking as reference this side of the Atlantic the Eurozone datathe composite index falls to 46.6 from 47.9, its lowest reading this year, suggesting no improvement is imminent. The services PMI, which had offset the decline in manufacturers, fell from 51.6 to 49.2. The survey forecast was that there would be no changes. The manufacturing PMI fell from 46.0 to 45.2.
These bad data “would once again put on the table the possible entry into recession of this economy and would increase the probability that the ECB will carry out a new reduction in its reference interest rates at the meeting that its Board of Directors will hold next month.” Government,” he says. Juan J. Fernández-Figares, of Link Securities. “What’s more, we believe that many investors would resume their bets that the reduction could even be half a point.”
With a market that has been processing these figures throughout the day, the European stock markets close the session this Friday with the German Dax rising 0.99% at 19,336 points, the French CAC 40 registering 0.58 % at 7,255 points, the FTSE 100 in London advances 1.37% at 8,261 points, the FTSE MIB adds a 0.57% to 33,484 points, while the EURO STOXX 50 gained 0.72% to 4,789 points.
Wall Street opened today with the Dow Jones rising 0.26% to 43,982 points, while the S&P 500 added 0.07%, to 5,953 points. The NASDAQ 100 fell 0.15% to 20,708 points.
In Asia, the Japanese Nikkei closes higher on Friday after two consecutive sessions of falls, at a time when values related to microprocessors follow the bullish trail of NVIDIA. Thus, the main index of the Japanese stock market ended with a rise of 0.84%, up to 38,321 points.
Investors have also learned today that the Japan core inflation In October it remains above the BoJ’s 2% target, maintaining pressure on the body to raise still low interest rates. In China, for its part, the CSI 300 It closed with a drop of more than 3%.
…and wait for the 100,000 Bitcoin
Regarding fixed income, the reference 10-year Spanish bond offers a yield in the secondary market of 2.992%, which leaves the risk premium with respect to its German counterpart at 71.80 points. On the other side of the pond, the 10-year US bond obtains a yield of 4.415%.
Already in the raw materials market, the oil prices They extend their increases, practically confirming their weekly rise, as the war in Ukraine intensifies and Russian President Vladimir Putin warns of a global conflict.
In this way, the Brenta benchmark in Europe, rose 0.95% to $74.95 per barrel, while West Texas Intermediate oil futures added 1.25% to $70.97.
The Euro Dollar drops 0.65% and hits two-year lows today, establishing the exchange rate at 1.0405 dollars for each community currency, given the weakness shown by the PMIs.
In the main cryptocurrencies, Bitcoin is moving close to 100,000, trading at this time at $98,375, while Ethereum is moving flat in the last 24 hours, at $3,295.