The Spanish bag moves clearly down, in a sustained trend throughout this fourth stock market session of the week. Today with great prominence and incidence in the market of three of the world’s main central banks: The Fed, the ECB and also the Bank of England. However, the session from less to more, with cuts
De facto, the Spanish selective breaks down the upward achievement of five sessions, given the strong cut that banks experience that, together with Arceormittal affected by the imposition of tariffs, have copied the first positions in the falls.
Thus, the IBEX 35 closes on Thursday with 0.76% cuts to 13,306.30 points with the falls of values such as Unicaja 4.60%, CaixaBank 3.41% and Bankinter 2.91% and the increases that experience values such as Amadeus 2.23%, 1.40% and Inditex 0.99%.
Today the great victims in the Spanish Stock Exchange They are banks with lead falls from early age. The major predisposition of the president of the Fed, Jerome Powell to talk about declines of types, until the two planned for the remainder of the year in the US to park the speech that there is no hurry to cut them, negatively affects the sector.
Also the fact that, Christine Lagarde, the president of the ECB has indicated in commission in the European Parliament The possibility of new cuts along with the impact of tariff imposition: 3 tenths of GDP in the growth of the Eurozone together with half a point in the rise in inflation.
Factors that, for a sector such as El Financiero, based on consumption, are more than bad news with the window of opportunity that opens on April 2.
Generalized cuts for the entire sector, with many added news to quote. Among them, the recommendations for some of it by Intessa San Paolo. For example, the bank in which INTSA detects a greater medium -term revaluation is Banco Santander, to which the target price increases until the 7 euros per actionfrom the previous 5.7 euros. The new assessment supposes 7% bullish potential in front of the current banking of the bank (6.54 euros), for an action that rises more than 46% only so far this year. The recommendation is to ‘buy’.
Also at first plane the shareholders’ boards and the cross -country statements before the hostile OPABBVA on Sabadell.
On the one hand, the CEO of Banco Sabadell, César González-Bueno, has expressed concern for the public acquisition offer (OPA) made by BBVA on his entity, stating that this operation «endangers the well-being of Spain» due to its impact on the business fabric, especially in SMEs.
Of the other, from Deutsche Bank placed the BBVA PO at 13.95 euros per share, With purchase advice, with something lower improvement for its future contribution, 4%.
His analyst, Alfredo Alonso emphasizes that after the meeting of the analysts with Onur Genç, the CEO of the entity, the attention focused on the offer by Sabadell (without news, but with a clearer vision of the steps to follow). In general, The bank continues to trust that Sabadell can acquire and achieve significant synergies, even if it is not allowed to merge.
Regarding other issues, The messages had an optimistic tone, especially driven by Mexico, Where there should be a strong value creation, despite the potential impact of tariffs. In addition, there was also a positive position in other regions, anticipating a strong delivery ahead and, potentially, a greater generation of capital than what the markets anticipate, helped by strong profits and management of RWA (for example, SRT). In general, we believe that, although it is unlikely to surprise, the bank’s constructive tone allows us to continue trusting our expectation that the results will be positive for some time.
On the other hand, Iberdrola and his movements in the United Kingdom. After amplifying them last week with the contacts at the highest level in the US, now it is the turn of the United Kingdom. The competition authorities have authorized the purchase of Nwen Iberdrola through Scottish Power, while negotiating with Abu Dabu through his company Masdar an alliance on the island.
On the other hand, In the rest Europe, generalized falls, especially in Italy, with an index, such as the case of Ibex 35, very bankrupt.
In addition, in terms of results today we have known those of the German energy supply RWE It obtained a net profit attributed of 5,135 million euros in 2024, which represents tripling (+238.9%) the result of the previous year, as reported by the company this Thursday.
For its part, The gross exploitation result (EBITDA) RWE adjusted was 5,680 million euros, 26.7% lower than that reached in 2023, while the net debt rose by 69.7%, until it was 11,177 million euros at the end of December, but the value has closed with cuts overwhelmed to 3% in this session.
All this with a bank of England that has kept interest rates unchanged, with a vote of 8 in favor and one against, in an expected decision in which the Central Bank of the United Kingdom recognizes that global commercial uncertainty has intensified.
At the close of the session, the DAX loses 1.32%, to 22,992 points, the FT-100 trim 0.07%, up to 8,699 points, CAC 40 yields 0.93%to 8,094 puntos, while the euro Stoxx 50 descends 1.11%, to 5,446 points.
In Wall Street, quite the opposite than in Europe, with generalized advances with more confidence contributed by Jerome Powell and his words about the fortress of the American economy, despite the data and some signs of rebound in inflation, as well as of lower growth of retail sales that we have known this week.
In the business field, tonight after the closing of the regular day, Nike’s results will be known. He has already presented his Darden Restaurants, which disappoint with your sales figures. The company behind Olive Garden or Larchorn Steakhouse has presented gains per share of $ 2.80, above the estimated $ 2.79, but the revenues of $ 3,160 million do not reach the 3,210 million that analysts had predicted.
Five Below’s shares shoot after the discount store chain has broken market expectations with its fourth quarter accounts. In its last quarter, Five Below reported earnings of $ 3.48 per share and revenue of 1,390 million dollars, while analysts had waited earnings of $ 3.37 per share and income of 1,380 million dollars.
At the close of the Spanish market, Dow Jones rises 0.34% to 42,109 points, while the S&P 500 earns 0.19%, in 5,648 points. For its part, Nasdaq advances 0.19% until staying at 17,784 points.
Already in the fixed income, the profitability of the assets down, although with hardly any movements, with 0.03% falls the Spanish bonus to 10 years to 3,422% while, the German BUND places its performance at 2,7825% and yields 0.55%. The risk premium with increases of 2.66% to 63.75 basic points.
In oil, up The future of the Brent barrel that quotes at $ 71.91 and advances 1.6% And for the West Texas, which, in this case, earns 1.67% to 68.04Dollar. Gold futures earn positions, rises 0.25%, to 3,048.91 dollars an ounce.
The euro dollar revitalizes the American green ticket in this Thursday session before the words last night of the president of the FED, Jerome Powell, so that the single European currency cuts 0.55%
And bitcoin that quotes today at opening levels while consolidating the 84,570 points.