Spanish equities move at the pace set by investors who have decided to stop along the way to continue growing until they surpass historical highs. It is the summary of a session in the it has not managed to maintain the 15,800 points conquered yesterday, although they are just a stone’s throw away from levels never seen before in the Spanish selective.
The IBEX 35 closes the day on Tuesday with gains of 0.39% to 15,767.10 points with the increases experienced by values such as Grifols A 2.56%, Sacyr 1.88% and Acciona Energía 1.88% and the falls of companies such as Laboratorios Rovi 6.31%, Indra 2.22% Amadeus 1.18%.
Among the protagonists, Laboratorios Rovi last minute, after learning that it has reached an agreement with Roche for the manufacture of a new medicine for obesity and diabetes, currently in the clinical development phase, which will allow it to increase its sales from the third-party manufacturing business by between 20 and 25% in the year 2030. This factor has triggered the value, which has risen by more than 8% in the final hour of business.
Another of the best of the day is Indra, for whom UBS raises its target price to 48 euros from the previous 43, which means increasing its potential to 13.4% from its previous levels.
Iberdrola is in the news, because, after meeting today with Endesa and Naturgy, it has confirmed that it wants to extend the life of the Almaraz nuclear power plant, of which it is the main owner, to request the extension request for the atomic plant. According to El País, everything indicates that it will be for three more years, until 2030.
Banks are the main protagonists for Barclays which expects seasonally stable results in the third quarter for Spanish entities, but states that investors will focus on a possible extraordinary payment to shareholders by BBVA after the failure of its offer for its rival Sabadell.
And the Basque entity is the preferred one for the British, as it sees room for extraordinary distributions to shareholders, supported by capital strength, Mexico’s resilience and a «constructive» context of the United States-Mexico-Canada Agreement (USMCA, for its acronym in English)
For the third quarter results, the broker considers that Banco Sabadell will face higher quarterly provisions and moderate income; Unicaja will see weaker commercial momentum affected by seasonality; and BBVA and Banco Santander slight headwinds due to the exchange rate and rates in Latin America
Barclays also upgrades Bankinter to «equal weight» from «underweight» as it expects the bank’s strong fundamentals to persist in a stable rate environment
Furthermore, today the results season began in Spain with Enagas. His recurring profit after taxes of 206.9 million euros, 11.4% less than in the same period last year. Including the impact of the capital gains from the sale of Soto la Marina (5.1 million euros) and Sercomgas (9.6 million euros) and the update of the fair value of GSP after the publication of the rectification appeal (41.2 million euros), it reached 262.8 million euroscompared to losses of 130.2 million last year. The stock has closed the session positively.
Already in the continuous market, the advances of 16% of Duro Felguera stand out, after the agreements reached to implement its Restructuring Planwhose objective is guarantee your financial stability, avoid bankruptcy and ensure the continuity of its operations. Among them, the planned dismissal of half of its staff stands out, and the financing of the Mexican Grupo Prodi, which will inject 10 million euros into the company.
Already in the rest of Europe, at the close of the market, the EURO STOXX 50 rose 0.13% to 5,688 points, the CAC 40 advanced 0.64% to 8,258 points, the DAX sube un 0,16% to 24,333 points, and the session in London ends for el FT 100 with increases of 0.20% to 9,422 points.
On Wall Street, results, with General Motors, which has beaten market forecasts, with adjusted earnings of $2.80 per share, compared to the expected $2.31, and revenues of 48.59 billion, compared to the expected 45.27 billion. Adjusted EBIT reached 3,380 million, compared to the 2,720 million predicted by analysts.
Coca-Cola has also beaten analysts’ expectations in both profits and revenues, although The carbonated beverage giant has acknowledged that demand remains low. The company posted third-quarter adjusted earnings of 82 cents per share, compared to the expected 78 cents, while revenue reached $12.42 billion, compared to the forecast of $12.39 billion.
3M moves positively after presenting its accounts. The post-it maker, which is part of the Dow Jones, earned $2.19 per share excluding certain items, above the $2.08 analysts had anticipated. Revenue, at $6.32 billion, also beats forecasts of $6.25 billion.
GE Aerospace posted adjusted earnings of $1.66 per share on revenue of $11.31 billion, beating analyst estimates of $1.45 per share and $10.41 billion, respectively.
The DOW JONES gains, at the close of the Spanish stock market, 0.82% to 47,095 points, with maximum levels, the S&P 500 advances 0.14%, to 6,745 points and the Nasdaq cuts 0.18% to 22,952 points.
Regarding fixed income, cuts in asset returns. The 10-year Spanish bond lost 0.87% to 3.081%, while the cuts were 1.26% for the German bund, which is trading at 2.5514%. The risk premium moves with gains of 0.49% to 53.02 basis points.
In raw materials, Oil Futures show falls. The barrel of crude oil Brent drops 0.13% to $60.96, while the West Texas it gives another 0.09%, to $56.95.
Gold takes profits abruptly after chaining highs. Today it plummets 4.8%, to $4,148 per ounce. This is its biggest cut since 2020.
Already, Bitcoin moves at levels of $112,684 per asset and rises 1.34%. Finally, in the Euro Dollar relationship, the single currency rises 0.27% against the greenback to 1.1609 units.