The Ibex 35 is not able to stop the bleeding and makes a weekly full of falls

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By Jack Ferson

Although the session seemed hopeful, in the end the IBEX 35 was not able to save the day, and closed again lower, thus adding, in this way, its sixth consecutive day marked by sales, since last Thursday, 5 December, will reach new annual highs of 12,118.70 points.

In this way, the Ibex 35 thus marks a full weekly decline, with a cumulative decrease of 2.65%.

Specifically, this Friday the Spanish selective ends with falls of 0.11% at 11,752.10 points. Los most penalized values on the stock market today were Acerinox (-4.99%), Solaria (-2.63) and Grifols (-2.36%). On the other side, the The biggest increases have been for Sacyr (1.27%), Inditex (1.07%) and Mapfre (0.89%).

As for the protagonists of the day, the banking sector is one of them, after the Barclays report on the outlook for banks for 2025. Lloyds, Deutsche Bank and BNP Paribas are among their favorites while among those they least like There are two Spanish companies: Caixabank (for which they cut the price from 6 to 5.82 euros) and Bankinter (for which, however, they raise the price from 7.70 to 7.90 euros).

Within the banking sector, Morgan Stanley could reach an agreement to buy nearly 900 million euros in Spanish mortgages from Banco Santander, according to Bloomberg.

Also in the recommendations section, Deutsche Bank cuts Inditex’s target price to 52 euros per share, from the previous 54 euros. However, it represents an upward potential of 4.70% for a value that comes from leaving 9.20% on the floor in just two days in reaction to its results for the third quarter of the year.

Iberdrola has brought the Japanese electricity company Kansai into its Windanker offshore wind project, already under construction. The Japanese company will have a 49% stake, while the Spanish company will maintain control with the remaining 51%.

Ferrovial has closed the sale of a 19.75% stake in Heathrow Airport Holdings for €2 billion to the French investment company Ardian and the Saudi Arabian sovereign fund PIF.

In the Continuous Market, it should be noted that Duro Felguera has plummeted more than 44% at the close of the session this Friday, the date on which the Asturian engineering company has returned to trading two weeks after the CNMV suspended its trading for the litigation in Algeria and two days after announcing that it is requesting pre-bankruptcy.

In the macro field, today it has been known that the November CPI from Spain stood at 2.4% as the preliminary data had indicated. The underlying rate, which excludes food and energy, is equal to the general rate, also at 2.4%. At the eurozone level, industrial production for October has been published, which remains stable in October compared to September, and drops -1.2% compared to October 2023.

Other markets

He rest of European stock markets The closing has been mixed, with slight increases of 0.04% for the Euro Stoxx 50 up to 4,967 points, while the DAX German has risen a slight 0.01%. On the falls side, the london stock exchange has subtracted 0.15% to 8,299, while the CAC 40 French has lost 0.15% at 7,409.5 points.

Wall Street Try to end the week with a good taste in your mouth and this Friday it opened positively, with the DOW JONES rising 0.10% to 43,957.70 points, while the S&P 500 advanced 0.32% to 6,070, 87 points and the Nasdaq gained 0.54% to 20,010.72 points. In this way, the American stock market tries to reduce the falls of the week that reach (for the moment) -1.6% in the case of the Dow Jones and 0.6% in the S&P 500.

In commodity markets, Oil Futures are rising, posting their first weekly rise since late November as supply concerns rise amid new sanctions on Iran and Russia, although prospects of oversupply weigh on markets. . At this time, the Brenta reference in Europe, rose 0.78% to 73.98 dollars per barrel, while the West Texas They are paid at $70.73, with an increase of 1.01%.

The EuroDollar rises 0.32% to leave the exchange rate at 1.0501 dollars for each single currency.

In the cryptocurrency industry, Bitcoin fell 1.5% to $100,252.2, while Ethereum fell 0.71% to $3,953.87.

In fixed income, the reference Spanish bond pays 2.904%, with the risk premium against Germany at 65.1 points.

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