The IBEX 35 has closed with a 0.61% rise to 15,396.80 points. The most bullish value has been Cellnex, with an increase of 3.71%, for the 2.99% that has risen. Among the values that have not joined the advances, CaixaBank has dropped 0.59% and Naturgy (natural gas) 0.36%.
With today’s increase, the Madrid selective finally records an advance of 0.78% in the whole of the week, more than enough to reach an annual new maximum, although they have finally resisted the 15,400 points that Intradía has exceeded. The index is in the area of maximums that I did not step since 2007although the great barrier to overcome are 15,945.7 points that since November 8, 2007 are the highest closure in history.
The banks have been the absolute protagonists of what goes from 2025, promoting the IBEX 35 to these dimensions. And although some analysts begin to warn that they already have little margin, there are also reasons why they can continue to rise.
Investors have also known that Spanish banks raised the ROE ratio (return on equity), which measures the ratio between the benefit and the net assets, up to 15% to closing data of March this year collected by the European Banking Authority (EBA). It is an escalation of 2.6 percentage points since the previous year, being the largest jump in the entire European bank, only behind the Luxembourg, which almost doubled its profitability in the period, from 6.9% to 16%.
Without leaving the sector, JP Morgan Chase has raised his participation in Banco Sabadell at 1.009% and has been included in the entity’s significant shareholders list. The news is known in the final stretch of the OPA that BBVA wants to launch on the Catalan bank.
Meanwhile, CaixaBank has informed the CNMV that he has executed 57.25% of its sharing repurchase program, acquiring more than 2 million titles in the tenth week.
Iberdrola is advancing in the processing to build in Ourense the largest pumping hydroelectric plant in the continent, with an investment of about 1.5 billion euros. Specifically, Energy requested this summer the declaration of environmental impact and prior authorization as part of a long process in which it already obtained the support of the Xunta de Galicia, according to the economist.
Also pending IAG (Iberia) the day Five days He publishes that Portugal would be looking for rivals for the airline in the sale of 49.9% of the public TAP.
In other news of the day, Telefónica could prepare a capital expansion, as reported Voz Populi. This means indicates that it already has the support of its main shareholders – the State, Criteriacaixa and STC – and with the aim of winning financial muscle and facing its new strategic plan in the best conditions.
In the recommendations of the analysts, Goldman Sachs maintains his recommendation to ‘sell’ for colonial real estate, which gives a negative potential of 6.5% compared to their current levels.
On the macroeconomic agenda of the day, he said Germany’s GDP, which contracted 0.3% in the second quarter. The confidence among entrepreneurs in the manufacturing sector of France remained unchanged at 96.0 in August, according to data published on Friday by the Official Statistics Agency, Inse. The July data had shown a level of 96.0, while a reuters poll between analysts had planned that the figure be located at 96.0 in August.
However, all the spotlights today pointed to Jackson Hole. And the message of the president of the Federal Reserve, Jerome Powell, seems to have liked markets. Powell has opened the door timidly to a type cut, although he has warned that the high uncertainty hinders the work of monetary policy.
In his expected speech, the president of the Central Bank has indicated that «the risk balance seems to be changing» between the two objectives of the Fed (full employment and stable prices), due to «radical changes» in fiscal, commercial and immigration policies. In this environment, he has called «proceed with caution while we consider changes in our monetary policy position.» “However, with policy in restrictive territory, the reference perspectives and the changing balance of risks They could justify an adjustment of our monetary policy position”He recognized.
After these words, Market operators rise above 90% percentage, according to the CME Group Fedwatch tool. Before the speech, the percentage moved around 70%.
Wall Street, Europe and other markets
The speech has been especially well received by Wall Street. Although the big indexes had already moved up during the first measures of the negotiation, following Powell’s intervention, the increases have accelerated, taking the Dow Jones to score profits of more than 900 points. The S&P 500, which came from five consecutive days of falls, also advances strongly, as well as the Nasdaq technological.
In the rest of European stock markets, the Euro Stoxx 50 has closed with a 0.39% rise to 5,483 points, while the German Dax has scored 0.24%, CAC 40 Parisine has risen 0.40% and in London the FTSE 100, which during the day was more prayed, has risen 0.14%.
During the Asian day, Tokyo’s Nikkei 225 index closed with an increase of just 0.05%, ending the week at 42,533.29 points.
In raw material markets, oil prices have remained stable this Friday while it seems to fade optimism about an imminent peace agreement between Russia and Ukraine. Brent reference oil in Europe rises 0.12% to $ 67.75 per barrel, while West Texas futures advance 0.27% to $ 63.69. Both reference contracts are on their way to their first weekly gain in the last three weeks.
The euro rises 0.76% against the dollar today until leaving the exchange rate at $ 1,1693 for each single currency after Powell’s intervention.
In the fixed income, the profitability of the American bonus at ten years drops to 4,254% in the face of type cuts expectations, while the Spanish ten -year bonus pays 3,304% that leaves the risk premium against Germany in 57.68 points.