The Spanish Variable Income, like the rest of Europe, does not raise heads so that in the case of the Patrio El Ibex stock market yield over 1% again while, on the way it loses 13,000 pointswhich maintained the Spanish selective since last February 24 after having reconquered them.
A pernicious effect that comes from the hand of Wall Street, where it ends even with the first -hour rebound in the Nasdaq and joins the falls of the Dow Jones and the S&P 500 on account of the last decision of Donald Trump.
The fact that the Canadian province of Ontario has raised tariff The increase of 25 to 50% in tariffs on steel and Canadian aluminumwhile threatening to impose them to the car sector.
Hence, investors continue with the ‘fear of recession’, after yesterday’s lack of denial of this fact and the doubts of the White House tenant in an interview in the Fox chain.
The effect, in the Spanish Stock Exchange, is a new fall of falls, which have been promoted in the last business hour after this decision and that entails not only higher cuts back to the percentage point, but the loss of the level of 13,000.
Thus, the IBEX 35 closes on Tuesday with 1.57%cuts to 12,877.30 points, with the falls of IAG (Iberia) 6.53%, Grifols at 6.29%, Amadeus 5.50%and the increases that experience values such as Endesa 1.53%, Indra 0.88%and acts renewable energy 0.57%.
Among the protagonists, the lead fall of the shares of Grifols A, whose plasma production connects him directly with the US and while investors subtract confidence to value. The determining factor is the pernicious and latent effect of the report of the National Securities Market Commission on its financial management with criticism of the company.
Although much of the attention is focused on the tourism sector, with the impact of the estimates of the American Delta Air Lines, which published results last night at the close of Wall Street and marked forecasts of falling reserves that have impacted on the entire sector. The greatest economic uncertainty and the least consumer confidence impacts IAG (Iberia), which falls again, today with more force and also about Amadeus.
IAG (Iberia) that also quotes the news of El Confidencial on the possible interest of Air France – KLM to take 51% of Air Europa for 300 million euros.
Already in the case of Amadeus, despite the impact, today it was supported by Deutsche Bank and Morgan Stanley. The most optimistic are those of Morgan Stanleythat maintain their recommendation of ‘overflow‘For Amadeus with an objective price that rises from 82 to 85 euros per action. This assessment is a Alcista potential of 15.80% in front of yesterday’s closure.
As for recommendations, we talk about BBVAAL that Santander examines and places him with a strong negative potential. Specifically, Santander describes BBVA’s actions neutral in the market, With target price that elevates up to 11.68 euros per action from the precedents 11.60 euros. However, this improvement falls into a broken bag because it means marking A clear negative potential, of that 8.4% on the value.
Already in the case of Jefferies, he looks at Merlin Properties, raises the objective price of the socimi to 12.50 euros per share, from the previous 12 euros. 30% potential in IBEX 35 in the long term.
Already in the rest of Europe, Also generalized falls with generalized and homogeneous cuts to the pernicious announcement of the new decisions of Donald Trump.
Among the sectors, generalized cuts for the pharma, non -cyclic consumption and basic materials and are only saved, with slight increases, industrial sectors and utilities.
Among the values that go up, The London Stock Exchange, Schneider Electric and Abb against the cuts of Novartis, Basdf and Roche.
At the end of Tuesday, the Stoxx 50 euro drops 1.46% to 5,308 points, CAC 40 loses 1.31% to 7,941 points, the Dax trim 1.24% to 22,328 points, and the session in London ends to el FT 100 with decreases of 1.24% to 8,493 points.
Already in Wall Street, Dow Jones falls, from S&P 500 again and Nasdaq, despite the initial rebound to Trump’s decisions, which impact the market again.
4.2% descents for Oracle in the opening after disappoint the market with its quarterly results. The technology announced last night gains of $ 1.47 per share on an income of $ 14,130 million. The market had expected the profits to reach $ 1.49 and revenue at $ 14,390 million. For the current quarter, Oracle predicts a growth between 8% and 10% in income, well below the 11% increase that analysts had predicted.
The retail Kohl’s fall more than 24%, to its minimum year -on -year, after accounts that show a 9.4% drop in net sales and forecasts for the year below expectations. Kohl’s It predicts profits per share between 10 and 60 cents for the fiscal year, well below the 1.23 dollars that analysts had managed. The company expects a fall in net sales of between 5%and 7%, when the market had predicted a 1.6%decrease.
In this way, at the close of the Spanish market, Dow Jones loses 1.24% up to 41,390 points, the S&P 500 drops 0.91% to 5,562 points and the Nasdaq OMX cuts 0.47% to 17,387 points.
In fixed income, The Spanish 10 -year -old bonus, with increases of 1.32 %% to 3,523% while the German Bund has advances of 1.66% to 2,8720%. The Spanish risk premium rises 1% to 65.7 basic points.
In raw materials, oil rises with A future of the Brent barrel that earns 1.02% to $ 70While, the West Texas places its price at $ 66.69, and rises 1%.
Gold wins positions with An cash price that progresses 0.92% to 2,916 dollars an ounce And his future that rises 0.78% to 2,922 dollars.
Bitcoin already bounces after the strong punishment, 2.22% to 80,840 dollars per active. Today in the crypto market also quotes the strong falls of Ethereum of 5.08% to $ 1,903.
And the euro dollar ratio follows the party for the single European currency, rises 0.84% for the single currency to 1,0927 units, with an increasingly punished dollar.