The Spanish stock market reaches new cruising speed near the December equator with its sights set on nothing less than in the 17,000 points, which is already just a stone’s throw away. New all-time highthe third of the month of December and ninth of the year, which places it where it used to be in the last three months of the year, with October and November also with a historical record triplet that has taken almost 18 years to overcome.
With the banks, especially with Banco Santander and BBVA, but also with the rest closing clearly positively today that have become the driving force of the market, especially due to their weighting as well as the increases experienced by Inditex, once again revitalized and closing above 55 euros per share and new historical highs after breaking them last Friday.
In this way, the IBEX 35 closes on Thursday with gains of % up to points with the increases in values such as IAG (Iberia) 2.86%, BBVA 2.34% and Unicaja 1.95% and the falls experienced by companies such as Naturgy (Gas Natural) 6.65%, Solaria 2.29% and Repsol 1.9%.
In this market environment we see how the main protagonist of the day is Naturgy (Natural Gas) with strong cuts at the close of the session. GIP (BlackRock) has ordered JP Morgan to carry out the sale of 7.1% of the capital in Naturgy an operation ultimately valued at 1,703.4 million euros.
Following this divestment, GIP will reduce its stake in Naturgy from 18.5% to 11.4%, consolidating Criteria as the company’s main shareholder, with 24% of the shares.
AlsoTelefónica in its last days to collect the company’s dividend, since next Monday is the last day on which the shares are traded with the right to receive it. The payment date, the next 18th.
Indra is also the protagonist from less to more in the session after the company’s board of directors has agreed unanimously that the potential merger with Escribano Mechanical & Engineering (EM&E) is ‘coherent’ with the company’s strategyas communicated to the CNMV.
For its part, Caixabank sells 2,000 million euros in loans to improve its capital, according to publication Five Days.
In the analyst recommendations, today IAG (Iberia) reigns, the most bullish value of the day based on the preferences of Bank of America, which opts for the value as its favorite within the airline sector and a purchase recommendation.
Also with the support of Bernstein that places its PO at 5.435 euros per share and overweight rating its shares, while highlighting it in the sector together with AirFrance KLM and highlighting the positive outlook for long-haul airlines in 2026, thanks to persistent supply constraints. He also believes that a premium strategy will continue to bear fruit in the sector.
Jefferies lowers Iberdrola’s recommendation from ‘buy’ to ‘hold’, although it raises the target price from 17.6 to 19.2 euros per share. They highlight that the risk-reward relationship is now more balanced, despite the fact that the Spanish company surpassed its competitors in profit growth and dividend increases. While, HSBC raises the target price from 19 to 19.9 euros.
On the other hand, BNP Paribas raises Banco Santander’s target price to 10.70 euros per share from the previous 10.
Already in the rest of Europe, general advances, the EURO STOXX 50 rises by 0.87% to 5,757 points, the CAC 40 advances by 0.79% to 8,085 points, the Dax gana 0.79% to 24,303 points and the FT 100 rises at the close of Friday 0.47% to 9,700 points.
Already on Wall Street, a mixed session with strong increases for the Dow Jones under the pull of the Walt Disney news and the falls of the Nasdaq weighed down by Oracle.
The software giant achieved earnings per share of $2.26, above the $1.64 per share expected by analysts, while revenue reached $16.06 billion, compared to the $16.21 billion expected. and collapses with falls of 13.6% in the middle of the session, understanding that it will be difficult for its extensive capital expenditure, of 15,000 million more this year, to be monetized in the future, raising doubts about AI.
On the other hand, Walt Disney who has signed a great agreement with Open AIwith which it will allow you add more than 200 characters to the Sora short-form AI generative video platform. Transforming into the first major licensing partner of the AI firm, while the value rises in the market.
All this seasoned by the Fed’s third consecutive US interest rate cut and the only reduction planned for 2026, according to Powell, with an FOMC, an open market committee that is more than divided and with the sword of Damocles of possible interference from the White House.
At the close of the Spanish session, the DOW JONES rose 0.95% to 48,515 points, the S&P 500 fell 0.38% to 6,861 points and the Nasdaq OMX fell 1.06% to 23,405 points.
In the rest of the market, we start with the fixed income market, with cuts in the 10-year Spanish bond, from 0.81% to 3.292% while in the case of the German bund, there are decreases of 0.42% to 2.8440%. The risk premium drops 3.63% and corrects to 44.93 basic points.
In raw materials, oil with sharp falls this session, with cuts of 2% for the future of the Brent barrel that presents cuts of 0.11% to $64.29while West Texas placed its price at $57.21, and lost 2.14%.
Falls that touch a minimum in the last seven weeks due to the growing global crude oil surplus in the market driven by the increase in production from OPEC + and producers throughout the American continent.
Gold with increases of 1.45% to $4,286 per ounce.
Now Bitcoin, again with significant cuts that exceed 3% to $89,374 per asset.
Finally, in the Euro Dollar relationship, gains for the single currency with advances of 0.43% to 1.1746 units, its highest level since the middle of last October, after the Fed’s rate cut that has weakened the American greenback.