The IBEX 35 has risen 1.11% this Friday until closing at 13,969 points. The most bullish value has been Indra, which has risen 4.84%, while acting renewable energy has risen 3.63%. On the side of the descents, Redeia (REE) has dropped 1.68% and Solaria has left 1.44%.
Thanks to today’s push, the Selective Madrid manages to close the week with a positive balance, noting a revaluation of 0.85%. One day that ends June, the panorama is less positive, with a decrease still 1.29% in the month, which does not tarnish the spectacular revaluation of 20% in this first half of the year.
The market has faced not a few curves in recent weeks, but it seems that it is getting back again. The crisis in the Middle East for the attacks between Israel and Iran seems solved, for the moment, waiting for the Meeting next week will hold the US and Iran herself. Meanwhile, in the front of tariffs, today investors receive relief The announcement of an agreement between the US and Chinaas well as the advances that, according to US administration, have occurred for another ten US business partners.
Yesterday, EU leaders discussed the scope of the sacrifices they are willing to make to gain the support of Donald Trump. The block would be considering reducing tariffs on a series of products imported from the US, as well as other concessions such as the reduction of non -tariff barriers or the purchase of more American products, including liquefied natural gas.
In addition, the deadline of July 9 may not be such, as the White House has recognized, but Trump could extend it until later if he considers it.
In the macroeconomic agenda, the attention was today put in the US, and especially in the May Personal Consumption Expenditure Index (PCE), which is well known that it is the reference that monitors the Federal Reserve more closely to establish its monetary policy. The Commerce Department report meets market expectations, with a 0.1% rise in the month and an annual rate of 2.3%.
However, the underlying PCE index (which excludes unproceding foods and energy) rose 0.2% in monthly terms in May, and placed its annual rate by 2.7%, which implies one tenth more in both cases against the forecasts that analysts had managed (0.1% and 2.6%). In addition, the April data was reviewed upwards, from 2.5% to 2.6%.
Sabadell, Santander, Aena and other main values
Returning to the business plane, the looks are still on at Banco Sabadell, since today it is the deadline that the Catalan entity had set to receive offers by TSB, its British subsidiary. In principle, Banco Santander and Barclays They are the main interested in the entity. Analysts anticipate a value of the operation of between 2,000 and 3,000 million euros, while Sabadell acquired TSB in 2015 for 1.7 billion pounds (1,994 million euros to the current change).
The possible sale comes at a time when it is not yet known if BBVA will continue with the hostile OPA presented by Sabadell 14 months ago. This week the Government gave the green light to the operation, but with the condition that both banks are autonomous for at least three years, which postpones a good part of the possible synergies that BBVA calculated.
In addition, S&P would be studying the possibility of lowering the rating of the Redeia debt (REE) after the blackout, according to today Reuters. In fact, the credit qualification agency has placed Redeia and its subsidiary Red Electrica de España in the category of Creditwatch negative After the company’s role in the sudden increase in tension that caused the mass blackout in Spain and Portugal on April 28.
The Spanish Government Report of June 17 identified Redeia as a key operator with the responsibility of interruption in the energy supply, highlighting failures in operational programming and voltage control.
Among the recommendations, Banco Santander stands out since the Swiss Bank UBS has maintained its «purchase» qualification for the entity with an objective price of 7.80 euros.
Meanwhile, Intermoney and Jefferies analysis houses adjust their two objective prices on AENA after last week. Both give a recommendation to ‘maintain’ although they differ as to whether to have potential. Today the company is also under the spotlights for the first operation out of summer with almost 28,000 flights scheduled between June 27 and 30.
New support also for Indra, the value with the best behavior of Ibex 35 this year: Morgan Stanley improves its recommendation until «raising» and raises its objective price from 21.50 to 47 euros per share.
In the continuous market, today there was a certain morbidity in seeing what could happen during the Ohla Shareholders Board. Finally, Luis and Mauricio Amodio Herrera have been re -elected as president and vice president, respectively, for a new four -year mandate. The meeting, which has had a quorum of 45.8%, has been marked by the attempts of businessman José Elías to influence the company’s direction, without success.
Wall Street, Europe and other markets
The increases in the IBEX 35 have not been the exception, but the norm in most European markets. The Stoxx 50 euro has closed with a rise of 1.62% to 5,329 points, for 1.78% that have been noted both the Dax and the French CAC. In London, FTSE 100 has risen 0.73%.
Special mention for Wall Street, which celebrates the news according to China leading to the S&P 500 and Nasdaq to mark new historical maximums. He still has a bit to recover Dow Jones, although Nike’s spectacular rise, up to 15% at times, helps him gain ground.
During the Asian day, the six months of the Nikkei 225, the main index of Japan, highlighted after the increase in inflation to 3.1% in June, slower than expected and three tenths above the previous month. It advanced at the close of 1.42% to 40,150 points.
In raw material markets, oil prices rise this Friday, but they are on their way to their greatest weekly fall since March 2023 once the middle has returned to the Middle East and the closure of the Ormuz Strait seems unlikely.
During the 12 days of attacks between Israel and Iran, Brent’s barrel briefly exceeds $ 80 per barrel. Today is paid at 67.18 euros, with a 0.73%rise. American West Texas futures rises 1.20% to $ 66.02.
The euro rises 0.14% against the dollar and stands at $ 1,1717 for each single currency, deepening its maximums of the last four years.
In the fixed income, the Spanish debt bonus to ten years pays 3,236%, which leaves the risk premium against Germany in 63.70 points. The US Ten Years Bonus pays 4,276%.