The Spanish stock market has experienced a day of glory with its second highest level of the year and is just a stone’s throw away from the level of 11,900 points at the close of the session.
A more than favorable day in which the leading securities on the Spanish stock market are transformed into those, in the first positions, that will benefit the most from the absence of inflationary pressures, with cheaper financing and potential reduction, at a lower price, of the indebtedness.
We talk about renewables, with Solaria, Acciona Energías Renovables and the SOCIMIs, with MERLIN Properties and Inmobiliaria Colonial. Seasoned by own news in some cases, such as in the case of Cellnex, today the great queen of the market, and Acciona, as we will now see in detail.
The great catalyst the United States CPI for Decemberwhich, despite rebounding slightly above the expected monthly rate, is 0.4% year-on-year, growing, as estimated, at 2.9%, but the positive color note comes hand in hand of the underlying CPI, which discounts fresh food and energy. There it was reduced by one tenth year-on-year, at the end of last year, to 3.2%.
The transfer to the market happens because the inflationary pressures, which the Fed spoke of in the minutes of the last meeting, do not become a reality, which removes the specter of sustained maintenance of rates and opens the door again for the Federal Reserve to lower rates twice this yearas its president, Jay Powell, pointed out at the December meeting, something that had been questioned in the last week.
In this way, the IBEX 35 closes the day with advances of 1.25% to 11,898.50 points with the increases in values such as Cellnex 7.42%, Solaria 6.16%, MERLIN Properties 5.19% and the falls in companies such as Caixabank 1.77%, Bankinter 0.69% and Redeia (REE) 0.45%.
Among the protagonists of the session, Cellnex, which will boost its earnings per share, after the launch of a program to buy back the company’s own shares of up to a maximum of 800 million euros after the closing of the sale of Cellnex’s business in Ireland , scheduled for the first quarter of the year, also takes into account the divestments that the company has carried out in Austria.
A way that the director of investor relations at Cellnex, Juan José Gaitán, already told us about a week ago in Investment Strategies, when he told us that «We will distribute 500 million in dividends in 2026, but we are looking for formulas to accelerate it in 2025.»
It is also news that Acciona is in the spotlight of Abu Dhabi, in the United Arab Emirates’ search for new possibilities in Spain. In fact, at the sustainability summit being held there, sources familiar with the conversions maintained by the Emirati renewable energy giant, Masdar and Acciona, have indicated that “there are possibilities with Acciona and whenever there are real possibilities, we go for it.” they.
But in addition to these conversations, Alantra is speaking out today about the value, while maintaining its neutral recommendation, with a target price that they place at 143.42 euros per company share, which means that the firm gives it a revaluation potential of 34%.
Already in the rest of Europe, widespread advances, with the EURO STOXX 50 gaining 1.09% to 5,034 points, the CAC 40 advancing 0.69% to 7,474 points, the Dax sube 1.63% to 20,590 points, and the session in London ends for el FT 100 revaluations of 1.18% to 8,298 points.
And on Wall Street, important advances for all indicators. Two factors are elevating the indicators on Wall Street to glory. The first is that The five financial entities that have presented results have exceeded market expectations and the indicators reflect it in their profits, mostly driven by the higher income in private banking and by intermediation in financial markets.
The second and most powerful for the strong advances that the main indices experience homogeneously, the good reading of the CPI data.
As an example, Goldman Sachs rose more than 4% at the opening because it far exceeded estimates: earnings per share of $11.95 per share versus the expected $8.22. And in the case of income, 13,870 million dollars, compared to the 12,930 that were expected, mainly due to its strong results in trading.
Wells Fargo also rose strongly, 5.23%, once again beating expectations with 1.42 dollars in earnings per share compared to the 1.35 estimated by analysts. And all despite the fact that income has remained below estimates, with 20,380 million dollars, compared to the 20,590 expected.
And finally, Citigroup, which advances 4.63% while beating market expectations, with profits of 1.34 dollars compared to the 1.22 expected and income that reaches 19,580 million compared to the 19,490 expected. The factors driving the numbers, investment banking and income from intermediation in financial markets.
At the close of the Spanish stock market, the DOW JONES Ind Average rises 1.52% and stands at 43,164 points, with an S&P 500 that advances 1.6% to 5,936 points and a Nasdaq OMX that advances a significant 2.14% to 19,451 points.
On account of the US CPI debt yields fall, with a 10-year Spanish bond that drops 3.82% to 3.199%, while the German bund corrects 3.57% to 2.529%. The Spanish risk premium marks its lowest level of the year at 67.05 basis points with a drop of 4.56%.
Regarding raw materials, oil on the rise after learning that the United States Energy Information Administration (EIA) revised upwards its forecast for crude oil prices for 2025 due to relatively lower global oil inventories in the first quarter of the year.
The future of the Brent barrel, benchmark in Europe advances 2% up to $81.50 while that American West Texas rises 2.44% and is trading at $78.22 per barrel.
Bitcoin is approaching $100,000 again, rising 3.73% and is positioned in the crypto market at $99,316 per asset and the Euro Dollar is at 1.0288 units with drops of 0.18% for the single currency.