The IBEX 35 rose 0.10% in the opening, but minutes later it turns around and drops 0.34% to 13,211.60 points. At the head of the increases, Indra is placed, with an increase of 2.89%, while Puig Brands scores 1.89%and Repsol 1.23%. On the decrease side, Grifols decoced 2.11%, Arceormittal 1.54%and Banco Sabadell 0.77%.
The Madrid selective comes from a week in which he lost 0.67% despite the fact that only one of the five days, on Tuesday, closed in negative, while the rest of the days were positive. The index remains not too far from the maximums since June 2008 that marked last Monday at 13,347.30 points.
“The Ibex 35 threw the brake last week despite a reasonable good behavior of the banking sector,” explains the Analyst Manuel Pinto. However, “the high valuations of the sector begin to stand out. If we look so much Its multiple price/value in books such as its per, the sector is quoting in more than two standard deviations its average multiplewhich makes us think that its route is already reduced. ” The expert warns that “a higher rate of type cuts would have an important impact on the price of the sector, also impacting the IBEX 35”.
In the financial sector it is also news that Banco Santander reinforces his high -assembly business with a wave of signings of Caixabank, also publishes Five days. The entity has made 14 signings in recent months, among which its new chief of private banking in Spain stands out. Meanwhile, BBVA Sign for more than 40 bankers to enhance your investment bank, notes Expansion. The team exceeds 4,500 people after incorporating professionals from UBS, Barclays or HSBC. New York offices, London and Hong Kong concentrate most hiring.
However, this week the protagonist of Ibex 35 is Inditex, which will publish on Wednesday its results of the quarter quarter of 2024being the last company of the selective Madrid to make their accounts public. The company will touch the 40,000 million in sales in 2024 with an eye on the US, its second market, according to today Five days. Inditex is the largest Ibex company for stock market capitalization, with a market value that touches the 160,000 million euros.
Among the protagonists of the morning is also Naturgy (natural gas), after the newspaper Expansion You have published that the Company Board will open the legal mechanism so that the 10% motor-s) obtained with the self-OPA can be used as a change currency in “potential operations or corporate decisions.”
ACS enters the world’s largest skyscraper in Yeda. An associated with the American subsidiary of the Spanish company has been hired as responsible for the Jeddah Tower project, which promotes the magnate Alwaleed Bin Talal in the new financial city of Yeda.
In the recommendations of analysts Deutsche Bank raises the target price of Grifols to 11 euros per share, from the previous 10 euros.
On the Macroeconomic Agenda of the day, the German trade balance has been published in the morning, with a 16,000 million surplus in January. Industrial production has also been published in the German country with an increase of 2.0%. Throughout the morning, the confidence of the Inverter Sentix of the Eurozone will be known, while in the US the employment trends of the Board Conference.
However, the main reference of the week will be the publication on Wednesday of February IPC data in the US. In principle it is expected that both general inflation (2.9% vs. 3.0% in January) and its underlying (3.2% vs. 3.3% in January) have dropped slightly in the month.
The markets are still pending the advertisements made by US President Donald Trump. During this weekend the president did not rule out a possible entry into recession this year of his country’s economy. As reiterated, his administration is making substantial changes, which can cause some turbulence in the short term, but that he believes that they will generate great prosperity in the future.
“While all this is about to see, both short -term damage and long -term prosperityThe reality is that the performance of the new US administration, at erratic and unpredictable moments, is making the work of analysts and managers very complexas well as that of the traded companies themselves, since the scenario that all of them must face at times and radically, ”he says Juan J. Fernández-Figares, from Link Management.
At the moment, in Wall Street the futures point to an opening downward, with setbacks from the environment of the percentage point. Last week, the S&P 500 fell 3.10% in what was its worst week since September, while the Dow Jones left 2.37% and technological Nasdaq lost 3.45%.
In European stock markets, the German Dax rises 0.66% in 23,152.85 points, London FTSE 100 bounces 0.29% in 8,703.85 points, CAC 40 wins 0.61% in 8,170 and the Euro Stoxx 50 rises 0.59% in the 5,496.55 points.
During the Asian day, the Japanese bag ended up climbing since the main values related to semiconductors followed the profits of their American counterparts and investors took advantage of the gangs after the strong losses of last week. However, the rapid change in tariff policies limited the Nikkei index rise, which finally added 0.34%, in the 36,990 points.
In China, CSI 300 yielded 0.39%, for 1.85% left Hong Kong Hang Seng. For its part, the South Korean Kospi added 0.27%.
In raw material markets, oil prices remain stable, since concern about the impact of US tariffs on world economic growth and fuel demand, as well as the increase in the production of OPEP+producers, cool the appetite of investors for higher risk assets. Brent reference oil futures in Europe rise 0.09% to $ 70.43, while American West Texas futures advanced 0.07%, at $ 67.08.
The euro drops 0.14% against the dollar until leaving the exchange rate at $ 1,0834 for each single currency.
In the fixed income, the profitability of the Spanish debt bonus to ten years is at 3,504%, with the risk premium against its German counterpart in 65.80 points. The ten -year -old American bonus offers a profitability of 4,277%.