The Spanish stock market closes on Friday, the second trading day of the year, with slight cuts in the indicators and in the Spanish selective, which breaks the six consecutive rising sessions, although without a large amount of advances, which had marked the Ibex 35. In this way , and despite the declines, the week ends above 11,650 points and with increases of 1.11% in the global calculation of these five trading days.
In this way, the Ibex 35 ends the session with cuts of 0.22% to 11,651.60 points with the advances of Acciona Energías Renovables 2.99%, Indra 2.44% and Solaria 2.41% compared to the cuts of ArcelorMittal 4.58%, Amadeus 1.98% and Cellnex 1.73%.
Regarding the news from the session, it should be noted that today we learned that the Government has introduced a new section in Royal Decree-Law 9/2024 to regulate the banking tax, with the aim of increasing the payment in cases of bank acquisitions. , such as BBVA’s possible Hostile Takeover of Banco Sabadell.
This change establishes that the full fee that banks must pay It will increase by 15% in cases of acquisitions of credit institutions that imply the extinction of the acquired ones. The purpose of this modification is for the acquiring bank to assume the payment of the tax corresponding to the acquired bank, thus avoiding double taxation in these financial operations.
Today the entire banking sector lost positions again, but to a lesser extent than yesterday, with very slight cuts in all cases.
On the positive side, renewables are gaining traction again for the second consecutive session, with Solaria and Acciona Energías Renovables at the helm, which also become the big winners of these two days of increases, with more than 8.5% in the case of the first and 7.8% in the case of the second, which together with Acciona, the parent company, become the Top 3 of the selective so far this year, compared to the punishment of last year.
Today, however, the most negative note comes from ArcelorMittal, which drops above 4% due to the bad data coming from China and due to the problems of its raw material with a clearly falling price and minimum prices for iron ore. of the last quarter, so it has been weighed down in the market.
And sectors exposed to China came under pressure even after a representative from Beijing said that China would dramatically increase ultra-long Treasury financing in 2025 to stimulate business investment and initiatives to boost consumption.
We have also learned that Caixabank has informed the National Securities Market Commission (CNMV) that has executed 52.48% of its share repurchase program in the seventh week, which has a maximum amount of 500 million euros.
In the seventh week of its program, CaixaBank has acquired more than 2.2 million titles at a weighted average price of 5,1979 euros. The total amount of these acquisitions exceeds 11.8 million euros. Since the beginning of the program, the entity has repurchased a total of 50,249,152 sharesfor a joint value close to the 262.4 million euros.
Furthermore, today we have learned that The Spanish Stock Market traded 318,005 million euros in equities in the total count of 2024, which represents an increase of 6% compared to the record harvested the previous year, while the national stock market completed the incorporation of Puig, Inmocemento and Cox into its main market, according to the balance sheet of SIX, the owner of BME, Bolsas y Mercados Españoles.
Already in the rest of Europe, widespread falls on this Friday, with special attention to the almost point and a half percentage that Paris has lost in this session, with the plummeting cuts of the luxury company Kering, also of ArcelorMittal as in the Spanish case and Stellantis Br and LVMH, both with cuts of more than 3.5% and which, as large values, have clearly weighed down the CAC 40.
A market that continues to be stressed by the deterioration that occurs in the bond market after a stronger than expected manufacturing ISM in the US.
Already in the EURO STOXX 50, once again energy and utilities command the market in terms of sectors, while cyclical consumption and basic materials take the worst of the investors this Friday.
Regarding values UBS, and the British Shell and BPtogether with Iberdrola, advance at the forefront of the pan-European selective while, the British Diageo together with the French luxury, Hermes, LVMH and Richemont They are clearly moving downwards, due to the problems arising from bonds in China.
In this way, at the close of the market the EURO STOXX 50 lost 0.95% to 4,871 points, the CAC 40 closed with falls of 1.51% to 7,282 points, the Daxwith losses of 0.48% to 19,907 points and the London FT 100with falls of 0.41% to 8,226 points.
Already on Wall Street, good reading of the ISM manufacturing data and good car sales for General Motors y Ford, as breaking data, the best de facto since 2019 that have encouraged the market.
The macro data, the US ISM manufacturing index It stood at 49.3 in December, a figure higher than expectations of 48.0, but still below the level of 50, which indicates expansion in the sector, compared to the contraction that still remains.
Regarding car sales, General Motors has published sales in 2024 that exceed 2.7 million vehicles, 4.3% more than the previous year, while Ford Motor sold 2.08 million vehicles last year, compared to to just under 2 million in 2023.
Also in the news, US Steel shares fell 7.5% at the opening, after cuts of 4% yesterday, after The Washington Post has anticipated that he still US President Joe Biden has decided to block the acquisition for almost 15,000 million dollars from the company by the Japanese steel company Nippon Steel.
Regarding analyst recommendations, Block rises 4.15% at the opening after Raymond James has raised the advice to ‘overweight’, from the previous ‘same as the market’.
At the end of the day in the Spanish stock market, the DOW JONES Ind Average advanced 0.43% to 42,573 points, the S&P 500 gained 0.62% to 5,906 points and the Nasdaq OMX rose 0.89% to the 19,452 points.
Significant increases in bonds today, with the Spanish 10-year level at 3.103% with an advance of 1.67%, while, the German bund moves with increases of 2.09% to 2.4175%. The Spanish risk premium closes the session at 68.55 basis points, with a fall of 0.51%.
As for oil, rises again as it happened yesterday, with the future of the barrel of Brent that is trading at $76.30 and advancing 0.53% while the American West Texas moves at 73.72 and advances 0.79%.
Gold, on the other hand, loses positions with the future cutting 0.45% to $2,657 per ounce.
Bitcoin, for its part, rises 0.41% to 97,610 dollars and the Euro Dollar moves with increases of 0.26% but is exchanged with the greenback at 1.0292 units.