The Spanish Variable Income closes its best week in two years, with advances greater than 11.5% so far this year And in the last five days stock above 5.2% On account of a certain calm in which only Trump has agreed with the European Union, with the formal beginning of commercial negotiations, to remind us that the EU was created against the US, as marked in its ideology.
All this, while Wall Street lives another negative session, although it did not seem in its integrity to the beginning of the session. Again the technology and their preeminent weight in the Nasdaq and the S&P 500 He continues giving headaches, while the most traditional companies begin to give signs of problems as we will now see in detail.
Another song is what happens in the Spanish Variable Income with a market that already recovers more than half of the lost in account of tariffs, Today with slight cuts in a half -gas session, because it is a party in more than half Spain, although the unification of dates with Europe cause this Thursday to open its doors and close them next Easter Monday, in which there will be no stock market negotiation.
In this way, at the end of the market IBEX 35 yields 0.19% to 12,918 points, with values increases such as Repsol 1.72%, Cellnex 1.51% and Telefónica 1.41% and Falls for companies such as operating renewable energy 2.28%, Bankinter 2.09% and CaixaBank 1.84%.
The news of the day is again the seventh cut of interest rates in the Eurozone since last June. The ECB meets the script also written by the markets. As expected, your Governing Council Ship in 25 basic points, the price of money in the eurozone and leaves the interest rates of the single currency in 2.25%.
But puts things on the table and the risks present. The president of the ECB, Christine Lagarde has avoided qualifying as’ war, which considers’ commercial tensions’ although Recognize risks clearly up to inflation for this reason. And also recognize that the scale is a great downward risk for growth.
Thus, it indicates that, at the moment, more than ever, the meeting to a meeting and without predeterminating the monetary policy of the entity for the Eurozone is more important than ever. Consider that it must continue depending on the datawhile recognizing that the neutral interest rate only applies to scenarios without new shocks.
Already in terms of news, two of the banks stand out. On the one hand, Banco Santander that is placed as the Bank Mayor of Continental Europe for capitalization by dethroning the Swiss UBS, for the drift of both in the stock market. With more than 90.5 billion value and its advances, such as Top3 of IBEX 35 so far this year, compared to the strong falls of the Helvetic entity.
In the background, there are also tariffs, with up to 10% imposed and negotiating 10% for the EU compared to 31% that Trump has imposed on the Swiss products that reach the US.
On the other, information that 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.
The worst of the session, to act renewable energy by the hand of 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.
Already in the rest of Europe, within the Euro Stoxx 50 we see how utilities, non -cyclic consumption and energy, are the sectors that are saved from the falls that lead technology, followed by cyclic consumption and industrial values.
Among the values with name and surname, they go up today at the closure The Italian Enel, the British BPP and the French Axa, Faced with the cuts that Airbus experience with downward recommendation of Morgan Stanley, the French Hermes, indicating that the cost of their products will rise, and the German software SAP.
At the close, the Euro Stoxx 50 loses 0.68% to 4,932 points, CAC 40 cuts 0.60% to 7,285 points, the Dax baja 0.57% to 21,191 points, and the session in London closes the week for el FT 100 with decreases from 0.04% to 8,272 points.
Already in Wall Street, a general session, with change of bias for the S&P 500 and the Nasdaq to negative, but with a clear red from the beginning for the Dow Jones.
The reason, UnitedHealth, the value that we put most in the indicator with more than 8.8% and its falls in the opening of the market of 18% after presenting its results, but especially for its forecasts.
UnitedHealth announced adjusted earnings of $ 7.20 per income on revenues of $ 109.58 billionbelow the $ 7,29 in earnings per share and the $ 111.60 billion waiting for the analysts surveyed by LSE. The company also drastically cut its forecasts for the full year
Costs related to the company Medicare Advantage of the company were well above the planned increase for 2025 And they were consistent with the high levels in 2024, the company said, as Reuters stands out.
On the opposite side, a pharma like Eli Lilly & Co, shot. The company announced that its daily pill against obesity met its objectives in the first of several essays in an advanced stage, helping patients with type 2 diabetes to reduce their blood sugar level and body weight, and showing security comparable to that of the most popular market injections.
Specifically, the Dow Jones drops 1.24% to 39,175 points, the S&P 500 wins 0.35% and is placed in the 5,294 points while the innovative and technological Nasdaq OMX recovers 0.54% to mark 16,390 points.
Already in fixed income, cuts for the profitability of assets with The Spanish 10 years bonus that places its performance at 1.25% discount to 3,166%, Faced with 1.5% cuts for German BUND, up to 2,4655%. The Spanish risk premium drops 0.71% to 70.25 basic points.
For its part, in raw materials we see As oil gains traction this Thursday, it rises 1.81% in the case of Brent’s futures, reference in Europe, with levels of $ 67.04while the West Texas American advances 2.10% to $ 63.78.
The gold futures cut from historical maximums, 1% specifically, with levels for their futures of $ 3,312 per ounce.
The euro dollar yields positions in the case of the single currency, which drops 0.34% to 1,1359 units, while Bitcoin moves up on Thursday with profits of 0.63% to 84,532 dollars per active.