The Spanish stock market turns red again on account of the fall of energy companies and of specific weight in the Ibex 35 of some banks that today as a whole are moving downward. Once again, things are looking bad for our country’s equities, in this third trading session of the week due to several factors.
With the Trump effect that is being felt negative in the clean energy sectorbut also positively in Spanish companies related to infrastructure and well positioned in the US, such as ACS or Ferrovial, which together with the techno Indra, and with Grifols A and the possibility that justice looms over its great rival Gotham, have set the tone for the increases in this Thursday’s session.
In this way, the IBEX 35 lost 0.37% at the close, with the largest declines in Europe, to 11,882.70 points, with cuts in values such as Acciona Energías Renovables 3.45%, Acciona 3.05% and Acerinox 2.70% and increases for companies such as ACS 4.17%, Ferrovial 1.71% and Indra 1.61%.
Among the protagonists of the session, the news that has been quoted in BBVA’s Hostile Takeover of Banco Sabadell. The news that moves everything is the return, seven years after changing its headquarters from the possible takeover of Catalonia. BBVA has expressed its respect for Banco Sabadell’s decision to move its headquarters from Alicante to Sabadell, although it has assured that this action will not affect the Public Acquisition Offer (OPA) that it plans to launch for the entity.
Although experts consider that it is a step backwards in the Offer. Today, in that sense they have spoken from Bestinver. The director of Iberian equities at Bestinver, Ricardo Seixas, highlights that this movement could have more political implications than those related to markets or competition.
Meanwhile, the big beneficiary is ACS, one of the first values to be seen favored by announcements made in his first days in Donald Trump’s White House.
So much so that it remains at historic highs, especially after today’s rally. We talk about an infrastructure investment project of up to 500 billion dollarsto finance AI infrastructure, artificial intelligence, in its first project of the so-called ‘America First’, so that, as it has announced, it surpasses rival nations in this critical technology for business.
And this is where ACS comes into play, especially its US subsidiary, Turner. The construction of data centers has become one of its fundamental exponents, with more than 3.6 billion dollars in contract volume until September. 20% of its project portfolio is aimed at digital infrastructure and with Meta’s (Facebook) largest global data center to be built in Louisiana.
Iberdrola is also in the news with the statements of its president, Ignacio Galán. “The president of the group reiterates a positive vision regarding the growth of the group and the commitment to remunerate shareholders,” assesses Aranzazu Bueno, Bankinter analyst, in a note in which he highlights that “at current prices, the dividend yield It is 4.9% by 2025.”
Already in the rest of Europe, better panorama than in Spain, with the exception of London. in it Euro Stoxx 50, advances for sectors such as industrial, technological and cyclical consumption in the face of the falls in utilities, basic materials and energy.
Regarding values, Munich Re, ABB and Sap, the most bullishall German securities, in the face of cuts in the British Diageo, the Dutch ING and the Italian Enel.
The technological and industrial sector is moving upwards throughout Europe at the pace set by investments in infrastructure related to artificial intelligence announced at half a trillion dollars by Donald Trump.
In this way, at the close of the market the EURO STOXX 50 rose 0.77% to 5,205 points, the CAC 40 closed with gains of 0.83% to 7,835 points, the Dax advances 1.04% up to 21,260 points and the London FT 100with falls of 0.04% to 8,545 points.
On Wall Street, general advances for the indicators with the same bias: technological stocks are pulling the market at the pace set by that news and due to the results of Netflix, which at this time, in the middle of the session, marks a double-digit increase of 11.4%, while registering its highest year-on-year level.
Today the main protagonist of the stock market is Netflix, which shoots up more than 11.4% in the opening after presenting results that show that the streaming company has surpassed the barrier of 300 million subscribers (301.63 million), with a record sum of 19 million. The market had expected a figure of 290.9 million.
The company reported earnings of $4.27 per share, compared to the expected $4.20. Revenue reached $10.25 billion, compared to the expected $10.11 billion. For the entire year 2025, Netflix raises its revenue expectations to a range of between $43.5 billion and $44.5 billion, around $500 million more than its previous forecast.
Among the stocks that advance the most is also Oracle, which advances 7% after Trump announced an investment of 500 billion dollars in artificial intelligence infrastructure with OpenAI and SoftBank, in a joint venture called Stargate.
Server makers including Dell and Super Micro rose 5.17% to their highest level year-over-year, and 5.5% respectively, while AI leaders such as Microsoft and NVIDIA also advanced.
NVIDIA has also overtaken Apple as the most valuable company in the world by market capitalization after the falls recorded yesterday by the iPhone manufacturer after a recommendation cut by Jefferies.
At the close of the Spanish stock market, the DOW JONES rose 0.13% to 44,083 points, while the S&P 500 advanced 0.63% to 6,087 points. The Nasdaq OMX rises 1.19% to 19,944 points.
Already in fixed income, mixed trend in asset returns, with cuts of 0.03% in the 10-year Spanish bond up to 3.138% while, the German bund places its yield at 2.4920% and rises 0.54%. The risk premium lost positions, 1.91% to 64.25 basis points.
In oil, cuts to Brent is trading at $79, with cuts of 0.35% and for West Texas, which fell 0.44% to $75.54. Gold Futures gain positions, 0.87, to $2,770 per ounce.
The Euro Dollar is exchanged at 1.0416 units with drops for the single currency of 0.11%. And Bitcoin, stable, is exchanged at $104,074 per asset.