The Spanish Variable Income suffers slightly to the closure, with falls that have been maintained from the first hour and that have even lightened in the last part of the session. With the utilities y Repsol, that present the greatest increases and cuts they experience Rovi, ACS and renewables and quasi -general weakness of banks.
In this way at the close of the session, the IBEX 35 loses 0.27% to 15,153.70 points with the cuts that experience ROVI laboratories 2.5%, acts renewable energy 2.46% and Grifols to 2.12% and the reposition increases 1.37%, Naturgy (natural gas) 1.21% and enagas 1.04% The week.
Among the protagonists, the CNMV has communicated the authorization of the modification of the characteristics of the BBVA hostile OPA on Banco Sabadell formulated by BBVA, which «consists of an improvement of the mixed consideration offered with modification of its nature, becoming the exchange of a new BBVA issuance action for every 4.837 actions of Banco de Sabadell.»
Offer that now changes bias, is all in actions, with the fiscal implications it supposes, after leaving aside the cash and changes the current premium, and The improvement in 10% of its OPA. And also extends until October 10 the adaptation period.
In the recommendations section, Berenberg raises the target price of The oil company Repsol From 16.50 to 17.50 euros, which again leads to the value to rise, for the fourth consecutive session.
Goldman Sachs reviews two Ibex 35 banks: in CaixaBank he raises his recommendation to sell Neutral with an objective price of 9.10 euros (from the previous 8.10), and in Banco Santander he maintains his purchase recommendation with an elevated objective price from 9.40 to 10.40 euros.
Also Goldman raises the potential rise in Iberdrola to 20%, between one of the numerous firms that are postulated with reviews on the value after the presentation of its strategic plan until 2028. The American Investment Bank indicates that Iberdrola combines an ambitious investment plan, the robust of the long -term electrical demand and the company’s capacity to generate value. All this with a purchase council and objective price that places in 19 euros per share.
Finally, Oddo BHF lowers its recommendation to overcome Neutral in Amadeus and reduces its target price of 86 EUR to 76 euros.
Already in him Continuous market, Duro Felguera was placed intradic above 30% and 17% at the end, although the company has not yet presented to the Commercial Court number 3 of Gijón (Asturias), responsible for managing its bankruptcy situation, the viability and future plan, which would already be practically finished, with rumors according to the SEPI.
Already in the rest of Europe, Iberdrola heads profits in the Euro Stoxx 50, as well as the utilities that, together with non -cyclic consumption, are the only two sectors that are revalued in the selective indicator pawin. Faced with them, the greatest sector fall, for health care, energy and industrial values.
In addition to Iberdrola’s increases, the insurer joins Allianz, German Boerse Y Danone, in front of the falls of Saint Gobain, Sanofi y Siemens Energy.
At the close of the market, the EURO STOXX 50 drops 0.34% to 5,446 points, CAC 40 loses 0.41% to 7,795 points, the Dax trim 0.6% to 23,539 points, and the London session ends to el FT 100 with decreases of 0.40% to 9,213 points.
Already in Wall Street, the ‘good employment data, with the fall of the unemployment subsidy and improvement requests up to 3.8% annualized by the growth of the American economy in the second quarter, with the fall of imports and the increase in consumption spending, move away the possibility of new type cuts, which do not like the market and investors that, for third consecutive session, opt for the cuts.
Among the values, doubts among investors with respect to Oracle, which yields 10% from their maximums and the high of 41% stand out, because investors begin to consider that their valuations exceed the possibilities that the novelties with respect to the AI contribute. In fact, Rothschild & Co Redburn initiated Oracle’s coverage with a sales recommendation, stating that the market is significantly overestimating Oracle’s contracted revenues by the cloud. Its shares today more than 3.7%.
All this meanwhile, from Moffettnathanson, they emphasize that Alphabet-A can become the largest company in the world thanks to AI. They consider from the firm that, the combination of leadership of the market, diversification and scale, positions the Apple matrix as the winner of the era in the generative AI but also much more. The company that, with justice, they affirm, should be considered as the most valuable in the world.
At the close of the Spanish Stock Exchange, Dow Jones loses 0.22% to 46,013 points, the S&P 500 yields 0.57% to 6,599 points and Nasdaq OMX drops 0.56% to 22,373 points.
In fixed income, significant increases for the profitability of assets with The Spanish 10 -year bono, with advances of 1% to 3,332% while the German BUND has 0.76% profits to 2,7678%. The Spanish risk premium rises 1.39% to 56.34 basic points.
In raw materials, with falls for barrel futures. He Brent that yields 0.43% to $ 69.01while, the West Texas places its price at $ 64.63 and drops 0.48%.
Gold is placed at opening levels, in the $ 3,768 per ounce, again, surrounding maximum
Bitcoin already loses 1.8% and places its price at 111,292 dollars And the Euro Dollar ratio, in which the green ticket yields positions of 0.51% and places the ratio between both currencies in 1,1678 units.