And 6%. It is already the gap that separates the Ibex from its historical highs, harvested intraday, on October 17 and that is increasingly gaining strength in the heat of this second consecutive session of losses that marks the closing of the Spanish selective.
Again, with cuts, led by a good part of the selective, without big protagonists but with strong declinesbut in a clearly generalized trend within the Ibex 35 from which only a few values have been saved at the close of this third stock market session of the week.
Once again, the market’s concern, with American inflation data in line with expectations, focuses on the rise in the profitability of the US T-bond, which today exceeded 4.454% intraday.
Thus, at the close of the session, the IBEX 35 fell 0.05% to 11,377.10 points with the falls of Cellnex 2.43%, Puig 1.88% and ACS 1.62% and the increases for values such as Grifols A 2.21%, Solaria 2.02% and Inmobiliaria Colonial 1.54%.
In the financial sector, attention is once again focused on BBVA’s Hostile Takeover of Banco Sabadell after yesterday the CNMC finally decided to take the analysis of the operation to phase 2, which may imply the intervention of a Government that has always been very critical of the possible merger of both banks.
Sabadell has shown its “respect” for the work of the CNMC and affirms that the supervisor’s decision to elevate BBVA’s takeover bid to phase 2 “confirms the complexity” of the operation. For its part, BBVA promises that it will continue to collaborate “closely” with the competition authorities. Both entities were penalized in the market today by more than 1%.
More news, with Ferrovial as the protagonist. The Del Pino family company has reached an agreement with Avialliance UK Limited for the sale of its entire stake (50%) in AGS Airports Holdings Limited (AGS), the company that owns the Aberdeen, Glasgow and Southampton airports, according to a statement. to the National Securities Market Commission (CNMV).
As part of the agreement, Macquarie (Ferrovial’s partner) will also sell its entire stake (50%) in AGS. The agreement has valued the equity value of 100% of AGS at 900 million pounds, about 1,079 million euros at the current exchange rate, subject to certain closing adjustments and transaction costs. The value closed with cuts of more than 1%.
At the level of recommendations, Barclays raises Telefónica’s target price to 4.50 euros per share, compared to the previous 4.40 euros, while JP Morgan cuts it to 3.40 euros per share, compared to the previous 3.60 euros.
On the other hand, Raymond James recommends overweighting IAG (Iberia) with a target price of 3.40 euros per share, while HSBC raises Endesa to ‘buy’ (from ‘hold’), with a target price increased to 24.20 euros from 21.60.
Although the main protagonist of the day leads us to look at the Continuous Market and the 24% increases that Duro Felguera implemented and which mark a revaluation of more than 107% in the last week. The value has skyrocketed since Friday (before the opening) announced the resignation of its CEO, Jaime Argüelles, and the change in the presidency and vice-presidency of the company.
Already in Europe, again full of falls in all sectors of the euro stoxx 50, although without major cuts, led by technology, non-cyclical consumption and industrial values.
Among the biggest increases, three British stocks, with AstraZeneca, British American Tobacco y HSBCwhich joins Novo Nordisk in the face of the cuts that are taking place this Wednesday Mercedes Benz, ING and the French Vinci.
Today with great prominence for RWE and for Siemens Energy which reflected, after presenting results, their fears and the challenge faced by the US offshore wind sector in the presence of Donald Trump, and pointed out the potential delays in the technology that the president-elect criticizes.
In this way, at the close of the market, the EURO STOXX 50 lost 0.10% to 4,739 points, the CAC 40 lost 0.23% to 7,215 points, the Dax drops 0.24% to 19,001 points, and the session in London ends for el FT 100 with increases of 0.06% to 8,030 points.
Already on Wall Street, the inflation data has behaved as the market expected. October CPIwhich was published shortly before the bell rang. The figures have met the forecasts, with an increase in general inflation of 0.2% in the month and 2.6% year-on-year (compared to 2.4% in September). Core inflation stands at 3.3% year-on-year, the same rate as the previous month, while it rises 0.3% month-on-month, also meeting forecasts.
In the business sector, Spotify Technology soared 9.3% at the opening. The company announced last night that Total monthly active users for the third quarter were 640 millionreflecting an 11% jump from the previous year and exceeding estimates of 639.0 million. Still, the popular music streaming platform fell short of Wall Street’s revenue and profit expectations with its quarterly results.
Semiconductor company Skyworks Solutions reports declines of 6.6% despite posting higher-than-expected earnings in the fiscal fourth quarter. Skyworks reported adjusted earnings of $1.55 per share, while analysts had forecast $1.52 per share. Revenue of $1.02 billion was in line with estimates. However, the company’s forward guidance for the first quarter was lower than expectations.
In the airline sector, Spirit Airlines shares sank 61.5% after it announced that it is in advanced talks with a large majority of its secured bondholders to complete a restructuring. This would take place in a bankruptcy process (Chapter 11)according to publication Bloombergwhich cites sources familiar with the situation.
At the close of the Spanish stock market, the DOW JONES Ind Average gains 0.28% and stands at 44,034 points, with an S&P 500 that rises a slight 0.07% to 5,987 points and a Nasdaq OMX that drops 0 .19% to 18,535 points.
Regarding fixed income, again increases of 0.26% and profitability for the 10-year Spanish bond of 3.109%while the German bund stands at 2.3755% with an increase of 1.%. The risk premium falls to 73.55 basis points, with a fall of 1.61%
As for oil, quasi-opening positions for barrel futures on both sides of the Atlantic. Cuts for the European Brent of just 0.04% up to 71.87 dollars and an American West Texas that gained 0.03% in price to 68.11. He Gold remains at $2,609.20 the ounce after rising a slight 0.10%.
The Euro Dollar is trading with falls for the single European currency, and at the close of the Spanish stock market it is exchanged at 1.0583 units.