The IBEX 35 has closed with an advance of 0.02% to 14,939.40 points on the first day of September. IAG has risen 3.17% and has become the most bullish value of the day, while Red Laboratories has noted 1.72%. The analyst Álvaro Nieto warns that this Alcista of the pharmaceutical movement could have continuity. On the decline side, Solaria has fallen 4.34% after coming from rising 22.75% in August. Amadeus has left 3.85%.
The red numbers became majority in the parquet for much of the day, moving away from the selective of the 15,000 points, but late in the afternoon the selective achieved a shy comeback to end up closing in green. Investors still see far away 15,396.80 points of just ten days agowhich marked not only the highest closure of the year but since December 2007. However, The index comes from raising 3.74% in Augustwhile in accumulated of the year the rise is still 28.5%.
On a day with little activity, the figures of the manufacturing PMI of the Eurozone countries have barely served to give a little ‘vidilla’ to the markets. The manufacturing PMI of Spain rose to a 54.3 reading in Augustabove expected, as in France (50,4) and Italy (50.4). Not so in Germany, where he stood at 49.8, compared to 49.9 expected. The data of the Eurozone team has been placed in 50.7 in August, compared to 50.5 expected.
The great macro reference of the week will not arrive until Friday, when it is published The Non -Agricultural Employment Report of the month of the USA. Analysts expect the world’s largest economy to have generated net employment in a moderate way (about 82,000 net jobs) and that the unemployment rate has stabilized at 4.2%.
Investors have also had the reference of the intervention of the president of the ECB, Christine Lagarde, who has warned of the «serious danger» for the world economy if the US Federal Reserve loses its independence after Trump’s offensive. He has also referred to the situation of instability in France, describing as «worrying» the possibility of falling any eurozone government. Next September 8 Galo Prime Minister François Bayrou, faces a motion of confidence in which, on paper, he has all to lose.
If you fail to support among the opposition parties, political uncertainty would be fired again in France, Juan J. Fernández-Figares, Link Management warns. If so, «we understand that both bond markets and European stock markets will suffer important tensions.»
Finally, there is the decision of an American Federal Court of Federal Appeal to consider the majority of tariffs implemented by the US President Donald Trump, who used the Law on International Emergency Economic Powers (IEEPA). The Court considers that, according to the US Constitution, it is Congress that has the power to impose new tariffs and not the Executive. The court has given the term until October 14 to give the government time to request the Supreme Court to revoke the decision.
Protagonists of the Spanish Stock Exchange
As for business news, attention is directed again to BBVA’s hostile OPA on Banco Sabadell. Waiting for the new brochure that is expected this month, BBVA has already adjusted the exchange equation for the last dividend paid by Banco Sabadell last Friday. Meanwhile, today the newspaper Expansion It takes to its pages an analysis on how the great funds vote in the opas.
Citigroup has increased its total participation in Amadeus’s share capital to 4.02%, according to a notification sent to the CNMV. Specifically, the current position of Citigroup is broken down into 1,593% in direct and indirect voting rights and another 2,427% in financial instruments.
IAG has communicated the launch of a public offer to acquire bonds for a total of 1,200 million euros, in order to efficiently manage its debt maturity profile.
In other news, Logista has announced the resignation of Murray McGowan and the appointment of Kevin Massie as Sunday counselor.
Among the recommendations of the analysts, Barclays raises the target price of telephone of 4.70 euros to 4.80, while UBS increases from 3.9 euros to 4.8 euros per share.
Morgan Stanley also increases the target price of colonial real estate to 7.50 euros from the previous 7.
In the continuous market, UBS analysts have started Grenergy’s coverage with a recommendation to ‘buy’. The value accumulates a spectacular revaluation of almost 150% from minimums.
He has also been a hard protagonist Felguera in the continuous market, since the company has received the authorization of the Commercial Court number 3 of Gijón (Asturias), in charge of its bankruptcy situation, to expand until September 30 its pre -conclusion of creditors.
European bags and other markets
In the rest of European stock markets there has not been a clear trend. The Stoxx 50 euro, the main indicator of the old continent, has risen 0.31% to 5,368.5 points, while the German Dax has added 0.49%. On the contrary, CAC 40 Parisine still does not raise their heads and has not been noted just 0.05%. In London, the FTSE 100 has also raised a light 0.07%.
Hoy Wall Street has remained closed by the feast of Laborso he will not return to the activity until tomorrow Tuesday. The large indices ended last Friday a month that was very positive for the market, with 3.20% increases for Dow Jones and 1.90% for the S&P 500.
Asian bags closed on Monday with a mixed tone. Tokyo’s Nikkei 225 left more than 1.2%, over 42,197 points, the Shanghai index added 0.4%, to 3,875.20 points, China A50 lost just over three tenths, over 14,909 points. The Hang Seng closed with increases of more than two percentage points while the Kospi yielded more than 1.3%, to 3,142.93 points.
In the raw material market, oil prices rise in a context of concern about the increase in production and the impact of US tariffs on demand. The future of Brent oil total $ 1.20% in the $ 68.29 per barrel, while the American West Texas advances 1.30%, up to $ 64.84.
The euro rises 0.14% against the dollar until leaving the exchange rate at $ 1,1706 for each single currency.
As for fixed income, the Spanish debt bonus to ten years offers a profitability of 3,352% left by the risk premium against its German counterpart in 60.51 points. Tomorrow the public treasure hopes to place between 5,000 million and 6,000 million euros in an auction of letters to six and twelve months with which it will open the broadcasts of September. Meanwhile, on the other side of the Atlantic, the US reference bonus pays 4,251%.