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Spanish equities once again dress up with their sights set on a financial sector that once again acts as the starting engine for the Ibex 35 and that takes it on its wings to set new annual highs this Thursday, leaving behind those harvested at the closing on January 20.
Earrings in addition to the words of Donald Trump who, at market closing time, was speaking at the Davos Forum indicating, among the most innovative of his intervention before ending the stock market session in Europe, that is going to ask for an ‘immediate’ lowering of interest rates in the US. He further noted that «in the same way, they should go down around the world. Interest rates should follow us all.»
In this way, the IBEX 35 advanced 0.92% at the close to 11,991.50 points with the increases in values such as Banco Sabadell 3.49%, Acerinox 2.99% and BBVA 2.70% and the falls experienced by Logista 4, 88%, Solaria 4.53% and Grifols A 4.14%.
Among the news of the day, the beginning of the results season stands out, with the round trip in the Bankinter market, which has debuted as usual, opening with a net profit of 953 million euros in 2024, which means a increase of 12.8% compared to the previous year and the highest figure in history. Return on equity, expressed in ROE, improves to 17.9%, from 17.1% a year ago; and with a ROTE that ends the year at 19%, 84 basis points higher than the previous year. The fully loaded CET1 capital ratio also improves in this period to 12.41%. The non-performing loan ratio remains at 2.11%.
Banco Sabadell also stands out, the best of the day, it continues to unleash all the heavy artillery it can access in its fight against the Public Offer for the Acquisition of Shares, the Hostile Takeover Offer presented on it by BBVA, which is facing the presentation of its results of the fourth quarter and the end of last year. But what the market really expects is the announcement of an extraordinary dividend, which could reach 500 million euros. Today the value closed at highs.
Also IAG (Iberia), which also marks an annual record in its price while positioning itself as one of the favorites to buy a stake in the Portuguese airline TAP, valued at about 1 billion dollars, according to bankers and analysts cited by the Reuters agency. The operation would open a new phase of business concentration in the European market, after the failure in the purchase of Air Europa.
On the negative side, Logista, whose shares suffer a recommendation cut by Exane BNP analysts. Specifically, they cut the logistics company’s recommendation to ‘neutral’, from the previous ‘overweight’ recommendation, which has led it to make sharp cuts in the market.
Also today punishment for Grifols A, because the judge of the National Court investigating the analysis firm Gotham City for allegedly releasing misleading information about Grifols to the market, has summoned the former president of the National Commission of Markets and Securities (CNMV) Rodrigo Buenaventura and the general director of Markets, Ángel Benito.
Already in the rest of Europe, We see the indicators in good shape and with an eye on the general recovery of financial values, which today is presented as the best sector of the market, along with cyclical consumption and industrial values, in the face of cuts in technology, materials basics and utilities.
Regarding securities, banks with Unicredit,Santander Bank, ING e Intesa San Paolo in the top positions and cuts ASML, Glencore, Rio Tinto and Novo Nordisk.
In this way, at the close of the market the EURO STOXX 50 rose 0.21% to 5,216 points, the CAC 40 closed with gains of 0.70% to 7,892 points, the Dax advances 0.70% up to 21,407 points and the London FT 100with revaluations of 0.2% to 8,564 points.
Already on Wall Street, a mixed trend for the indicators, with some fatigue on the part of the Nasdaq and with an eye on an S&P 500 that can set new all-time highs.
With the earnings season in tow, American Airlines is in the news and its falls of 8.6% after disappointing the market with its forecasts for the first quarter. The airline expects to lose between 20 and 40 cents per share in the first three months of 2025, when analysts had predicted red numbers of no more than 4 cents. For the full year, adjusted earnings per share will be between $1.70 and $2.70, compared to a consensus estimate of $2.42.
In the fourth quarter, the Texas-based airline beat expectations, with earnings per share of 86 cents per share, well above the expected 64 cents. Revenues reached 13.66 billion, compared to the expected 13.39 billion.
Alcoa fell 4.6% in New York morning despite having exceeded expectations with its fourth quarter results. The aluminum giant reached earnings per share of $1.04 on revenue of $3.49 billion. Analysts had predicted a profit of 97 cents per share and revenue of 3.34 billion.
Micron Technology falls 3.36% after South Korean rival SK Hynix warned of steeper declines in demand for its memory chips used in smartphones and computers.
At the close of the Spanish stock market, the DOW JONES Ind Average rose 0.38% and stood at 44,326 points, with the S&P 500 advancing 0.09% to 5,214 points and the Nasdaq OMX dropping 0. 28% to 19,954 points.
Already in fixed income, asset returns are rising, with advances of 1.30% the 10-year Spanish bond up to 3.184% while, the German bund places its yield at 2.5250% and gains 1.04%. The risk premium rises 2.56% to 66 basis points.
In oil, decline in the future price of a barrel Brent trading at $79.43, with cuts of 0.13%% and for West Texas, which cuts 0.27% to $75.08. Gold Futures lost positions, 0.66, to $2,753 per ounce.
Oil has turned around after learning of Trump’s statements in Davos in which he indicated that vto ask both OPEC + and Saudi Arabia to lower the price of crude oil.
The Euro Dollar registers cuts of 0.12%, to 1.0394 units and Bitcoin turns around and rises again on its way to highs, with gains of 2.09% to $106,490 per asset.