More than volatile week in Spanish equities in which lateralization has been the constant trend in each and every one of the sessions, with movements in wide ranges to close, in all of them, including today and regardless of what Wall Street did, at the beginning of the earnings season on the other side of the Atlantic.
And although at the last minute, Trump threatened from Washington to impose tariffs on those who oppose his plan to take over Greenland and left the indicators on Wall Street flat, the Ibex 35 closed positively with slight advances in the daily and weekly balance, which represents nothing less than its eighth positive week, very close to 17,700 points.
The IBEX 35 closes the week with gains of 0.39% to 17,710 points, the eighth all-time high of the year, with the increases in values such as Laboratorios Rovi 3.07%, ACS 2.17%, and Aena 1.55% and the cuts experienced by values such as Grifols A 2.85%, Acerinox 1.63% and Amadeus 1.52%. The selective has been rising for eight consecutive weeks.
Among the news of the day, Indra stands out, which has had an unbeatable performance, with increases of more than 6% at some points in the session, although later investors, faced with the rally of almost 28% that it was accumulating so far this year, have deflated the value.
Today it was announced that the company has been awarded a contract with Transport for London (TfL) to manage the ticketing and access control systems of the British capital’s public transport network, in an agreement worth up to 975 million euros.
The agreement, which runs through 2034 and includes options that could extend through 2039, covers systems used in the London tube, trams, buses and ferries and its metropolitan area.
In addition, Caixabank has executed 28.59% of its share buyback program, the maximum amount of which amounts to 500 million euros. Specifically, in the eighth week of the program, the entity has acquired 1,631,631 shares, at a weighted average price of 10.6711 euros per share, for a total amount of 17.4 million euros. Altogether, it has acquired more than 14 million shares, for an amount of almost 143 million euros. Today it recovered positions at the close after yesterday’s falls.
Iberdrola, through its US subsidiary Avangrid, has put into operation New England Clean Energy Connect (NECEC), its electric transportation network ‘megaproject’ that connects the US and Canada. This project, which has involved an investment of 1.65 billion dollars, began in 2018 and has been completed after obtaining all federal and state permits and authorizations.
The electricity company is also in the news after Vineyard Wind, the joint venture between Avangrid, and the firm Copenhagen Infrastructure Partners (CIP), has filed a request in a federal court in Massachusetts to obtain an injunction against the suspension of works by the Donald Trump administration for its ‘Vineyard Wind 1’ offshore wind farm. Today it is one of the clearly bullish values in the market.
The Fitch agency has decided to raise Unicaja Banco’s rating to ‘BBB+’ and assigns it a ‘stable’ outlook, recognizing the improvement in the entity’s profitability and asset quality.
And we have learned that ACS will pay a flexible dividend of 0.457 euros gross per right, with cash payment scheduled for February 5, 2026, within the second execution of the program approved by the shareholders’ meeting. Investors may also choose to receive new shares of the company
In the analysts’ recommendations, Oddo BHF cuts the recommendation of Inmobiliaria Colonial to ‘neutral’ from ‘overweight’ and the target price to 6.40 euros per share, from 6.80.
While Bernstein places the PO of IAG (Iberia) at 5,657 euros per share with a potential of almost 20% for the value on the London Stock Exchange, with advice to overweight the value in the market. He highlights that Delta Airlines’ results on transatlantic routes had shown that the summer weakness on these routes was precisely that: a summer weakness. ANDEuropean network airlines are likely to benefit, especially IAG.
Already in the continuous market, the technology company HBX Group International announced a share buyback program of up to 100 million euros and its intention to begin paying regular dividends. These measures reinforce your commitment to an efficient financial structure and demonstrate confidence in the long-term value of your business.
The program includes the repurchase of up to 17 million shares, representing approximately 7% of its issued share capital, with a maximum execution period of approximately 20 months. The CEO of HBX Group highlighted the company’s financial strength and its ability to invest in growth and return cash to shareholders. And it leads the gains in the Spanish stock market at the close.
Already in the rest of Europe, the opposite sign and generalized falls, the EURO STOXX 50 fell 0.25% to 6,026 points, the CAC 40 fell 0.65% to 8,258 points, the Dax cede 0.35% to 25,285 points and el FT 100 loses, at the close of Friday, 0.09% to 10,230 points.
On Wall Street, last minute turn after the bullish opening following President Trump’s threat to impose tariffs on all those countries that do not support his intention to acquire Groenlan
Also new, and according to the Wall Street Journal, the number one candidate to succeed Powell, Kevin Hassett, may not be the one chosen, since Trump has suggested maintaining his current position as director of the National Economic Council by telling him ‘I want you to stay where you are’
Immunity Bio’s double-digit rise of almost 20% in the first minutes of trading driven by strong forecasts for its bladder cancer drug, Anktiva. ImmunityBio expects annual revenue from the drug to increase 700%. Let us also remember that in the previous session the company’s profits rose 30%.
Coupang presents advances of 1.7% at the beginning of the day on Wall Street, after Deutsche Bank upgraded the Korean retail giant’s recommendation to buy, saying that most of the regulatory uncertainty was already built into prices.
And the PNC bank, thanks to its results, the market rewards it with profits of 3.7%. the entity’s accounts that are better than expected and are also based on promising forecasts in its guides for coming quarters.
At the close of the Spanish session, the DOW JONES fell 0.03% to 49,428 points, the S&P 500 rose 0.01% to 6,946 points and the Nasdaq OMX repeated its opening at 23,530 points.
In the rest of the market, we start with the fixed income market, with progress in the 10-year Spanish bond, from 0.59% to 3.23% while in the case of the German bund, there are decreases of 0.94% to 2.8446%. The risk premium drops 2.31% and corrects to 38.46 basic points.
In raw materials, oil recovered after yesterday’s plummets. Advances of 1.18% for the future of the Brent barrel up to 64.51 dollars while West Texas places its price at $59.91, and gains 1.22%. Gold cuts positions by 0.62% but remains on the edge of $4,600 per ounce.
Bitcoin already presents cuts of almost 2% and places the price of the asset at $94,893 per asset. Finally, in the Euro-Dollar relationship it turns around in favor of the dollar, and falls for the single currency of 0.10% after Trump’s threat of tariffs, while it is exchanged at 1.1599 units.