The Spanish Variable Income saves the furniture this Mondaylike the markets around the world before the surprising attack of this past morning of the United States in a triple attack on Iran’s nuclear objectives, but of surgical nature: very measured objective for those who Tehran promises an answer that has not given for now. Today at the beginning of the session, the falls have occurred, But the reduction of the price of crude, clearly bullish to lose positions at the close, has changed the panorama.
The big problem. That the Ormuz Strait is closed, for which Iran seems to have Omar’s approval and through which 20% of the world crude passes, which can shoot the cost of the barrel even above 100 dollars and even more. Deutsche Bank Aventure figures close to 2022 levels, with the Russian invasion of Ukraine.
And that would open the door to an inflationary escalationwhich would reduce the economies and change the turns of central banks that like the ECB plans to continue going down types or the fed potentially start doing it after summer.
At the moment, The ‘wait and see’ is what appears in some markets waiting for newslike the Spanish Stock Exchange, which closes the day saving 13,800 points, which is good news, but with investors clearly concerned about the new situation, since Trump has broken one of his great electoral promises: not putting the US in a war and has taken just five months to do so.
The IBEX 35 closes the session with falls of 0.08%to 13,839 points with the cuts of securities such as indra 2.93%, Grifols to 1.94%and Red Laboratories 1.91%and the increases of companies like Solaria 2.29%, Endesa 2.13%, and ACS 2%.
Among the protagonists of the session, the repsol oil company Son that has marked crude in international markets, with strong advances in the morning and falls even in some moments of the session. Finally, more defensive values have taken the bullish relief in this first stock market session.
Strong falls today for Indra, after the initial, short term of the Spanish Government, to leave the contribution of our country to NATO at the doors to the doors to the doors of the Atlantic Alliance in the Netherlands in the Netherlands. All this on the day when value has been released in the euro Stoxx 600
Also cuts for IAG (Iberia), given the increase in geopolitical instability that always affects it and the initial rise of oil, then corrected despite the good recommendation served on Monday on the value by JPMorgan. His analyst Harry Gowers stands out that he hopes that his figures, which will be published in early August, show a solid growth of the operating benefit (EBIT) in the second quarter thanks to the impulse of fuel costs and the solid income growth.
Although JPMorgan’s report on the company indicates that, initially, it is likely that the increase in geopolitical risks due to climbing in the Middle East and the increase in oil prices hurt confidence in the sector, IAG being the least dependent on the evolution of oil prices among the traditional actors in the European industry.
Specifically, place your recommendation on value With an objective price of 5.5 euros per share, which gives the value a potential of 36%.
And very aware of what tomorrow can hold regarding The hostile OPA that more than a year ago launched BBVA to get Banco Sabadell. The Council of Ministers is expected to rule.
The decision will reach the edge that the 30 -day term given by the Law of Defense of Competition, which ends on June 27.
Already in the rest of Europe, more of the same, with the premiere of Rheinmetall The great winner of this year in the markets, in the Euro Stoxx 50, which opens with 1.45% cuts and as the sixth worst value of the index.
Technology and utilities recoverin the face of the falls of the rest commanded by the sectors of basic materials and financial values.
They go up ASML, Prosus y Deutsche Telecomin front of the cuts of Munich Re, Air Liquide and the Ax insurer. Not forgetting the lead falls from Novo Norskik, also on either side of the Atlantic again defrauded by Cagrisema.
At the end of Monday, the Stoxx 50 euro drops 0.21% to 5,222 points, CAC 40 cuts 0.69% to 7,537 points, the DAX cede 0.24% to 23,270 points, and the session in London ends to el FT 100 with decreases from 0.13% to 8,7162 points.
In Wall Street, the same drawing for the indicators, while from Morgan Stanley they emphasize that these geostrategic effects on the markets indicate that “history suggests that the majority of The liquidations driven by geopolitics are ephemeral and moderate ” and that «oil prices will determine whether volatility persists», in a note to their customers.
As for values, the actions of the Danish pharmaceuticals Novo Nordisk quoted on Wall Street collapsed 6.44% after the disappointing results of Cagrisema, its new generation drug against obesity that does not seem to threaten Zepbound, by Eli Lilly & Co. The company has also announced the end of its collaboration with HEMS & Hers Health, alleging problems of problems. formulation and marketing. HIMS shares sink 24.4%.
At the close of the Spanish Stock Exchange, Dow Jones, wins 0.26% up to 42,318 points, the S&P 500 advances 0.53% to 5,998 points and the Nasdaq OMX revalue 0.62% to 19,568 points.
In the fixed income, you fell into the profitability of the assets in a generalized way with The Spanish 10 -year -old bonus, with 0.65% cuts to 3,198% while the German Bund has 1.18% setbacks to 2,5080%. The Spanish risk premium cuts 1.14% to 69.40 basic points.
In raw materials, finally falling to the nerve center on Monday. He Brent that yields 0.65% to $ 75 while, the West Texas places its price at 73.10 and loses 1.00%, while the distance between both barrels narrows. Gold, rises 0.55% to $ 3,404 per ounce.
Bitcoin already advances half a point up to 101,990 dollars per active, while rebounding over 3% while the Euro Dollar ratio rises for the European currency by 0.18% to 1,1543 units.