The IBEX 35 has closed with a 0.33% rise to 13,350.20 points. At the head of the advances, Endesa stands out with a 2.35% rise, for 1.91% of Iberdrola, marking new maximums. Sabadell Bank rises 1.39%. On the decline side, hard punishment for Puig Brands, which falls 7% to minimums, while Solaria drops 2.20% and IAG (Iberia) left 2.19%.
The Madrid selective ends the week with a positive balance, accumulating a 2.65% risealthough it stays at a step of the 13,408.10 points that it managed to conquer on Wednesday, and which are its highest closure since June 2008. The highest intradication point was achieved yesterday Thursday at 13,464.70 points, although it finally ended up losing bellows.
One of the great protagonists of the day has been Iberdrola, who has marked new historical maximums on a day in which he has seen how UBS has raised the target price to 15.90 euros per share, from the previous 15.30 euros. The new assessment represents a bullish potential of 12.40% compared to the closing of Thursday.
Besides, Iberdrola has placed 400 million euros in an issue of green bonds Referenced to the price of the action of electricity and with a coupon of 1.5%, the company reported.
Opposite case for Puig Brands, which with today’s fall marks a new minimum in its short history in the stock market. The company behind Carolina Herrera’s perfumes sees the 24.50 euros further and further away from which he debuted in the parquet in May last year, although analysts give him a very high bullish potential.
Also hard punishment today for IAG (Iberia), one of the most penalized values not only in the Spanish Stock Exchange, but also in London’s, after knowing the closure of the operations of the London-Heathrow Airport, the second with the highest air traffic of the world and the first in Europe. The reason, the fire of an electrical substation that has affected the western zone of the British capital, affecting the already thousands of homes in the area.
Returning to the recommendations of the analysts, Barclays has raised the objective price of ACS up to 50 euros per share, although there is 7.40% below its current price. The advice is to ‘keep’.
In the financial sector, the looks are still on the hostile OPA launched by BBVA on Banco Sabadell, which fulfills its last stages waiting for the CNMC to rule in the coming weeks. If yesterday Banco Sabadell celebrated its shareholders’ Board, in which a strong defense of its solo value was made, today it has been BBVA’s turn to convene its shareholders. The Bank president, Carlos Torres, has taken the opportunity to ensure that the operation, to get ahead, will bring an increase in the dividend and profitability of the new bank.
In other news, today we have known that Zara (Inditex) has opened what he called a new style flag store for Asia, a ‘flagship’, in the eastern China city of Nanjing, as part of its global impulse to cut low performance stores and redouble the commitment to larger retail formats.
Already in the continuous market, CIE Automotive has registered strong advances after approving its Board of Directors an OPA over 9,675 % of its own shares at a price, in cash, 24 euros per title.
This Friday’s macroeconomic agenda has been quite scarce, although investors have known The consumer confidence fact of the eurozone, with a reading of -14.5 in March which is below what the market had planned. The week has been marked by the meeting of the US Federal Reserve, which last Wednesday maintained its prospects for two type cuts this year, although it reduced GDP forecast and increased inflation.
Today the day has had the additional spicy of the first quadruple witch time of the year of expiration of options and futures, which always causes an additional nerve in investors.
For the rest, in European stock exchanges has been bassist in Europe, with the euro Stoxx 50 losing 0.71% to 5,412 points. The German Dax has dropped 0.7%, while CAC 40 has left 0.6%. In London, FTSE 100 has dropped 0.6%.
Also the red numbers dominate on the day of Wall Street, with the Dow Jones throwing virtually all the advance it had kneaded during the week. Special mention for Nike, which registers strong falls after warning of a landscape of uncertainty for their businesses. The Dow drops 0.85% in the New York half session, while the S&P 500 drops 0.68% and Nasdaq 0.76%. The technological index is not only in correction territory, but is on its way to its worst run of weekly falls since 2022.
Hoy The president of the New York Federal Reserve, John Williams, has indicated that monetary policy is in the right place At this time, given the performance of the economy in an environment where the panorama is quite uncertain. «There is some uncertainty in monetary policy», so «the current moderately restrictive posture of monetary policy is totally appropriate given the solid labor market and inflation that remains something above our goal of 2%,» he said.
On the Asian day, the main Asian indices moved in red, with the Japanese Nikkei falling 0.20% in the 37,677.06 points. In China, CSI 300 left 1.52%, for 2.19% that the Hang Kong Hang Seng. For its part, the South Korean Kospi unmarked, with a rise of 0.23%.
In raw material markets, oil prices take a respite after yesterday’s rush after the US imposed new sanctions against Iran. The US imposed sanctions related to Iran, aimed at entities, including for the first time an independent Chinese refinery (teapot) and ships that supplied raw to said processing plants. China is the largest Iranian oil importer, while Iran produces more than 3 million barrels per day of crude oil.
Today, however, Brent oil drops 0.31% to $ 71.78 per barrel, while American West Texas futures yield 0.16%, at $ 67.96.
The strength of the dollar is one of the factors that help counteract the effect of tensions in the Middle East. Today the euro drops 0.44% compared to the green ticket until the exchange rate at $ 1,0810 for each community currency. The dollar is on its way to its first weekly increase in the month.
The price of gold low but remains one more day above 3,000 dollars an ounce, with a setback of 0.89% to 3,016.80 dollars.
In the fixed income, the Spanish debt bonus to ten years pays 3,401%, leaving the risk premium against Germany at 64.50 points. The profitability of the American bonus at ten years drops this Friday to 4,231%, although it remains in the narrow range in which it has quoted this month.