The Ibex 35 in the sky: full of advances, four maximums, on the way to 15,000 … and BBVA as a great star

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By Jack Ferson

DESOUND WEEK FOR IBEX 35 in which investors have delighted market in the Spanish stock market. A situation that contrasts with that of a year earlier, in which, many values, especially banks, marked their interannual minimums on account of Japan’s collapse and the problems of their debt, derived, do not forget it to be the great holder of American bonds.

Now everything has turned around, and after the great scare of tariff Technically speaking it seems that our Ibex 35 has nothing to fear with weekly closures like today.

The truth is that it cannot be asked for more with a week of weekly profits, accumulated advances that exceed 4.5% and up to four maximums of 17 years and 7 consecutive months, that dump us at levels of not seen since the beginning of January 2008.

Next station and stone shooting, the 15,000 points that would already bring levels increasingly close to the historical maximums that we have not seen in the Spanish variable for almost 18 years.

But in the present, the truth is that a magical week is closed, since IBEX 35 wins 0.91% up to 14,824.90 points with the increases that experience values such as Arceormittal 3.04%, BBVA 2.87% and Unicaja 2.77% and indra falls 2.20%, Cellnex 1.18% and Naturgy (natural gas) 1.13%.

And without a doubt the great protagonist, not only of the day but of the week is BBVAwith the Hostile OPA on Banco Sabadell . Yesterday the BBVA recognized in a document sent to the National Securities Market Commission (CNMV) that “You are reviewing the synergies of operational and financing costs «Of the offer, since, after the latest events» you cannot ensure that some or all expected benefits with the operation are achieved. «

The announcement comes after the sale of TSB and the dividend of 2,500 million approved by the Sabadell Bank This same week, as well as the conditions imposed by the Government for the possible merger of the banks.

Also in the financial sector, CaixaBank He has executed 49.59% of his repurchase of shares in the eighth week of his program, whose maximum amount has been set at 500 million euros. Until now, the entity takes 32,703,757 shares, which represent an import of 247,956,411 euros.

As for the recommendations of analysts, Deutsche Bank reviews its valuations on the Ibex 35 banks After the results season: elevates the target price of Santander Bank up to 8.20 euros; the one of BBVA up to 15.90 euros; the one of CaixaBank to 7.75 euros; the one of Bankinter to 12.75 euros; and that of Unicaja to 2.25 euros.

Dividend hunters have to take into account that Logista Integral It is one of the few Ibex 35 companies to pay its shareholders in August. Company’s shares offer almost double -digit bullish potential according to the consensus of analysts.

In other news of the day, Barclays emerges 3.35% in Enagás And it becomes its fifth largest shareholder, according to information advanced by The economist.

Clearly on the negative side it is placed Indra, who affected by the news that away from the highest income sector, the best progressions of Rheinmettall, the German defense giant, and also, the approach between Trump and Putin, they place it again as the red lantern, despite the fact that market experts continue to trust what, we remember, it is the best value of the IBEX 35 so far this year.

In addition with renewed Arcelling and somewhat deeper falls for the defense company, after the information of Bloomberg, which indicate that The United States and Russia could agree on a high fire in Ukraine in the planned interview between Putin and Trump next week.

In it Continuous market finally yesterday Hard Felguera He reached an agreement with the negotiating commission of the Employment Regulation File (ERE). The procedure will finally affect 180 employees of the Asturian engineering company, which represents 12.9% of the almost 1,400 employees that form it.

Meanwhile, Urbas He has agreed to designate Francisco Javier Álvarez Hoyuela and José Manuel Rodríguez García as new independent advisors of the company, as reported to the CNMV.

Already in the rest of Europe, today prominence for the results, with Munich Re what This Friday has cut its insurance income forecasts by 2025, claiming the evolution of businesses and exchange rates, in addition to informing of a fall in its July renovations. However, the company maintains its objective of benefits for the whole year. And 7% collapse in the German stock market.

He Euro Stoxx 50 At the end on Friday 0.23% to 5,344 points, the CAC 40 rises 0.44% to 7,743 points, the Dax CAE 0.14% to 24,156 points and FT 100 drops 0.14% Up to 9,087 points.

And on Wall Street, first hour profits are maintained, with the idea of closing the week positively. And looking at business results. Expedia Group, 1,35% shoot at the opening. The company behind the online reservation platform not only Last night’s expectations of analysts with its second quarter accounts, but also raised its sales forecasts for the year.

One of the negative notes of the day is for Pinterest, which collapses 13.7% after defrauding with the accounts of the second quarter. The adjusted profits of the second quarter were 33 cents per share, below the 35 -cents per action by action.

Under Armor sinks above 20% after the touch of bell after submitting income forecasts for its second quarter below what expected by the market. The company now expect quarterly income to decrease between 6% and 7%, compared to the average estimation of analysts of a 2.9% drop.

At the close of the Spanish market, the DOW JONES rises 0.35% to 44,122 points, the S&P 500 advances 0.59% to 6,377 points and Nasdaq omx Win 0.67% to 21,382 points.

Already in the rest of the market, we start with the fixed income, with significant increases in assets of assets. The Spanish 10 -year -old bonus earns 1.53% to 3,256% while revaluation are 1.87% for the German Bund that quotes at 2,6853%. The risk premium barely moves with cuts 0.02 to 57.09 basic points.

In raw materials, oil cuts positions with A future of the Brent barrel that drops 0.38% to 66.23 dollars while, the West Texas places its price at $ 63.54, and drops 0.55%.

He Oro Maximum heading already registered in the morning, after Trump’s tariffs for 1 kilo gold bullion, wanting to penalize Switzerland again. After touching new maximums in the 3,534, now, at the close of the session, it earns 1.11% to $ 3,492.

Of Bitcoin It moves at levels of $ 116,355 per active and drops 0.31%. Finally, in the relationship Euro dollar Single currency falls against the green ticket of 0.03% to 1,1660 units.

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