Spanish equities transfer to closing, For the first time in almost 15 years, the psychological barrier of 12,000 points, in a session in which the financial sector has pulled the Ibex 35, forgetting about the reduction in interest rates, which more than likely, and for the fourth time this year, the ECB will implement. Annual maximum levels are broken and reached unknown levels since January 11, 2010at the end of the session.
The declining situation of French banksalong with Barclays’ positive endorsement of Banco Santander, are factors that have collectively pulled, let’s not forget, the sector that has the most weight by far in the Spanish selective. They all occupy the first positions in this rise of the Spanish stock market, well above the rest, with the exception of Italy, also deeply marked by its entities in its selective.
Thus, the IBEX 35 closes its sixth consecutive session on the rise, with gains of 1.57% to 12,118.70 points thanks to the push and advance of Banco Santander 4.58%, Banco Sabadell 4.42% and BBVA 4.22 % and the falls of Solaria 2.93%, Aena 2.47% and Puig Brands B 1.8%.
Among the protagonists is Santander, which is rising strongly pulling the sector, after Barclays endorsed its potential of 36% for the value in the market, after the meeting yesterday in London of its CFO, its financial director, with the analysts.
Specifically, approval from Barclays that overweights the shares of Banco Santander and places its target price at 6.10 euros per share, from the 4.48 euros listed, which means that it gives it a potential of 36.3% from their current current levels.
Among the most notable, the potential in its RoTE, the ratio that helps to know the financial profitability of the bank, in the upper part of the expected range, between 15 and 17% increase and the potential capital surplus at the end of the year.
Already on the negative side, Aena stands out, for whom the National Markets and Competition Commission (CNMC) has approved freezing the airport manager’s rates for next year. Thus, the Maximum Income per Passenger will be 10.35 euros per passenger in 2025, as in 2024.
Meanwhile, data centers have been topical for two Spanish stocks. ACS reaffirms its role as a global leader in data centers because Meta, the former Facebook, has chosen it to build a complex in Louisiana, the largest of the firm created by Mark Zuckerberg, and in which it plans to invest around 9,500 million euros. A data center of no less than 370,000 square meters.
Meanwhile, Cellnex focuses on disinvestment in data centers, as highlighted by El Confidencial. In Spain, according to this information, what the telecommunications infrastructure company plans is to sell its data centers that are valued at more than 100 million euros, with the one located in Barcelona standing out as the most valuable.
Already in the rest of Europe, widespread advances in a day dominated by purchases, with Shell and Equinor taking center stage, which are going to create the largest oil and gas company in the United Kingdom.
Among the sectors to take into account, the financial, utilities and non-cyclical consumption, facing the falls in industrial values, energy and cyclical consumption.
Already among the values, banks stand out with the Italian UniCredit and the Spanish Banco Santander at the forefront, accompanied by the British spirits company, Diageo. Among the cuts, Safran Shell and the Danish Novo Nordisk.
In this way, at the close of the market, the EURO STOXX 50 gained 0.63% to 4,950 points, the CAC 40 appreciated 0.37% to 7,330 points, the Dax adds 0.82% to 20,382 points, and the session in London ends for el FT 100 with gains of 0.16% to 8,349 points.
Already on Wall Street, wait and see, wait and see from investors with slight profit taking in the heat and waiting for the important employment report that will be released tomorrow.
Among the corporate players is Taiwan Semiconductor, which is in talks with NVIDIA to produce its Blackwell AI chips at the contract manufacturer’s new plant in Arizona. TSMC is already making preparations to start production early next year, Reuters reports. Nvidia’s Blackwell chips, which the company introduced in March, have so far been manufactured at TSMC’s facilities in Taiwan. Its advances at mid-session reach 1.3%
Apple, which hit year-on-year highs again today, plans to invest $1 billion in a manufacturing plant in Indonesia that produces components for smartphones and other products, Indonesia’s investment minister said Thursday. In October, Indonesia banned sales of the iPhone 16 because it said Apple had not complied with rules requiring phones sold in the country to have at least 40% locally made parts.
At the close of the Spanish market, the DOW JONES dropped slightly 0.29% to 44,885 points, while the S&P 500 dropped 0.11% to 6,079 points and the Nasdaq OMX dropped 0.04%, almost opening levels while it is placed at 19,726 points.
In fixed income, The 10-year Spanish bond increases its profitability by 0.4% to 2.765% while, the German bund is placed at 2.1160% with increases of 3%. The risk premium drops to annual minimums, with very significant cuts of more than 6% to 65 basis points.
Oil is in the news today, with the OPEC+ meeting, while the cartel confirms the expected by the market – and already discounted – delay in the entry into force of the production cut, while European Brent futures rise slightly, 0.15% to $72.42, and The American West Texas is trading at $68.62 and gains 0.15%. And Gold, whose future is trading lower, remains up 0.41% to $2,665 per ounce.
Bitcoin, another of the great protagonists of the session, thanks above all to exceeding the magical level of 100,000 dollars per asset, although at its best moment of the day it has exceeded the level of 103,700. At the time of closing of the Spanish stock market, it revalued a significant 6.5% to $101,924, thanks to the announcement that Paul Atkins as the next president of the Securities and Exchange Commission, that is, of the SEC, a supporter of the first cryptocurrency market and is expected to be more flexible than its predecessor in this matter.
The Euro Dollar already sees how the single currency revalues by 0.55% and recovers strongly above the level of 1.05 units. Specifically, it is changed in 1.0568 units.