The Spanish Variable Income and the rest of Europe are taken at least calm on Monday, but without the fear that, in principle it can suppose An advertisement of steel and aluminum export tariffs of 25% to the United States. And it is that the markets react in green, with waiting and seeing very typical of the bags waiting for real events beyond the ads that, until now they have almost not come true.
Hence, for example, Germany, the country that exports this type of steel products to the US to the US with the Dax in positive, even more than the IBEX 35 in this session.
On a day in which gold marks new historical maximums, clearly above 2,911 dollars ounce in the cash and the 2,937 in its futures, which gives an idea of the protection that the investor is still looking for, despite of betting on the variable income.
All positive, for a selective that returns to apply almost at opening levels flirting with the level of 12,700 points. In this way, the IBEX 35 at the end of the session, rises 0.16% to 12,708.80 points, with the advances of values such as Acerinox 3.76%, Indra 2.11% and Solaria 2.11% and The falls of companies such as IAG (Iberia) 3.32%, Unicaja 1.66%and BBVA 1.24%.
As for the protagonists, the tariffs have focused the interest of investors on the two stews that quote on the IBEX. Improves it for Acerinox. US With the purchase of Haynesalready definitively closed last November. And he hopes that, with its high performance alloys in that country, between 70 and 90% of its ebitda, Your gross exploitation result comes from there.
The cross, for Arceormittal, which has even led the falls and then moderate them despite the fact that 13% of its production is exported to the United States. Also affected by the one, now independent, subsidiary of the group specialized in stainless steel, Aperam. And the diluted effect of the negative impact comes from the possibility that it is only a threat, therefore, waiting for events.
But the most punished value in this session is IAG. Goldman Sachs reduces his qualification to ‘neutral‘, from the previous one of’ Buy ‘. However, the movement is rigged to an improvement in the target price, which goes from 300 to 375 pence.
It does not see a purchase and qualifies to the value of neutral because “The investment history of the airline holding is already told for now”wrote the analyst Patrick Creuset in the reassessment of the value. And it emphasizes that, although the actions are not especially expensive, they no longer have a good potential when they fit the risk. ”
In any way IAG carried in the accumulated of the last nine sessions, in which the value He had not stopped raising more than 13.7% progress, While it is still located between the banks in the top5 of Ibex 35 among the best of the year.
Today also the lack of strength of the IBEX is due to The banks, who have continued to collect benefits after the profits last week.
Good proof of this is Banco Sabadell the last to publish results and megadividndo, because from RBC Capital they maintain their recommendation to ‘overpone’ for Banco Sabadell with an objective price that rises from 2.15 to 2.45 euros per share. It is a bullish potential of just under 3% compared to current levels. On the other hand, Barclays elevates the target price to 2.30 euros, compared to the previous 2 euros, in this case below the current contribution.
Already in the continuous market, prominence for Talgo, which has risen more than 7.5%, after the intention of the Polish Development Fund (Polski Fundusz Rozwoju or PFR) “to formulate a proposal to Pegasus Submitted to various conditions that, if accepted by it, would lead to the launch of a public offering offer on all of Talgo’s actions. ”
Already in the rest of Europe, more of the same, with generalized advances and with a prominent protagonist in the session. BP, la antigua British Petrolium With increases of 7% thanks to the fact that the activist investor Elliott Management has acquired a participation in the important oil company in difficulties. The company has refused to comment on the reports, which do not specify the size of the participation accumulated by the Paul Singer coverage fund.
And in the euro Stoxx 50 paradoxically, industrial values, technology and cyclical consumption is what has raised the most, with Prosus, Schneider Electric y Ferrari with the biggest profits of the day in the face of the falls of Vinci, Pernod Ricard y BBVA.
At the close, the Euro Stoxx 50 rises 0.64% to 5,359 points, CAC 40 wins 0.46% to 8,009 points, the Dax advances 0.74% to 21,927 points, and the session in London ends to el FT 100 with revaluation of 0.79% to 8,769 points.
And in Wall Street, Also pending tariffs and new ads on new customs rates for Trump exports.
Although the week is loaded again from results will have two quotes par excellence: tomorrow and Wednesday COn the semi -annual appearance of the president of the FED, Jay Powell in Congress and Senate, and on Thursday the new Wednesday inflation fact that will give new types on the march of prices in the United States.
BENEFITS FOR SANDRGICAL CLEVELAND-Cliffs and Nucor are recorded revaluation of 11 and 5% at the close of the Spanish market while those of Us Steel barely advanced 0.75%, also pending the proposal for the purchase of Nippon Steel. In the aluminum sector, Alcoa’s shares were revalued above 2%
McDonald’s had to know the disappointing quarterly income, but still their shares rise approximately 2.75% in the New York morning. Specificallyrapid food giant revenues decreased 0.28% compared to the previous year to 6,390 million dollars, Below the expectations of 6,450 million dollars. The earnings adjusted per share were $ 2.80, below the expected $ 2.84.
Thus, the Dow Jones earns 0.13% up to 44,363 points 0.14%, the S&P 500 advances 0.62% to 6,063 points and the Nasdaq OMX wins 1.13% to 19,746 points.
Already in fixed income, go up The Spanish 10 -year -old bonus, with 0.66% cuts to 3.03% While the German BUND drops 0.74% to 2,3605%. The Spanish risk premium reaches 67.15 basic points, and rises 1.13%.
Already in raw materials, oil progresses strongly, with A future of the Brent barrel that earns 1.34% in the start of the year to 75.66 While, the West Texas places its price at $ 72.11, and rises 1.56%. Gold, gains positions to new maximums, with An cash price that advances 1.60% to 2,906 dollars an ounce.
Bitcoin is already maintained with 0.58% increases to 97,057 dollars per active. For its part, the Euro Dollar ratio is placed with 0.16% drops for the common European currency and is changed to the green ticket in the 1,0311 units.