Spanish equities breathe with the positive closing after, throughout the year of this ‘uncle vivo’ session in the Spanish stock market, the falls left at minimum levels from a month ago, around 11,310, to the Spanish selective.
Session marked by the quadruple witching hour of quarterly expiration of options and futures that has shown the usual volatility, also taking into account today’s star data that came from the United States.
And, after the disappointment of the Fed, with only two expected rate cuts in the US next year due to inflation due to the arrival of the Trump era, the PCE data,the American consumer price deflator, marked by personal expenses and income, with lower levels than expectedhas given a respite to global markets in general, with a change in bias on Wall Street.
The endorsement, the closing levels of the Spanish stock market minimizing losses and turning around, which have been marked by the banks, Solaria and Grifols. Finally, the Spanish selective is supported for Monday’s opening above 11,400 points, consolidated strongly today
In this way, the IBEX 35 closes on Friday at 11,467.30 points after rising 0.24% with advances in Inmobiliaria Colonial 2.91%, Cellnex 2.23% and MERLIN Properties 2% and the cuts in values such as Grifols A 2.44%, Solaria 1.89% and Bankinter 1.84%.
On a business level, one of the best values of the day is Cellnex, which has completed the sale of its business in Austria for a total of 803 million euros to the consortium of companies made up of Vauban Infrastructure Partners, EDF Invest and MEAG and which was known yesterday after the market closed.
It was agreed in August a deferred unconditional payment of 272 million euros to be made in December 2028. According to information provided by the company, the sold portfolio generated 83 million euros in income and 39 million euros in gross operating profit after rentals (Ebitda) in 2023.
Furthermore, Banco Santander has reached an agreement with Credit Agricole for the sale of its 30.5% stake in the share capital of Caceiswhich will allow the French entity to acquire full control of it once the operation is completed.
Caceis is the parent company of a group of specialized entities in depository, custody and asset servicing services. This transaction is aligned with Banco Santander’s proactive capital management strategy, seeking to generate value for shareholders.
For its part, ACS has made the decision to delegate to the executive committeethe president of the board of directors and the secretary director have the responsibility of carrying out the second execution of the flexible dividend, which amounts to approximately 0.45 euros per share.
And the energy companies are still waiting to see whether or not there is an extension of the special tax on the sector. In the last parliamentary plenary session of the year, the truth is thatThe Government’s intention to impose it fell, given the amendment presented by the PP and supported by the Junts per Catalunya and the Basque PNV groups, to avoid its extension.
The first vice president, María Jesús Montero, has already announced that on Monday the Government, in the Council of Ministers, will approve a royal decree to maintain this tax on energy companies, with the objective of validating it in Congress, in the next period of sessions, and processing it as a bill to convert it into a tax. Although for now does not have a majority to reverse yesterday’s vote in Congress.
Already in the continuous market, two things stand out. On the one hand, the HEREP III fund and Grupo Lar reach 91.29% acceptance and complete the takeover bid for Lar Espana.
On the other hand, Neinor Homes will pay a dividend of 1.66 euros per share, an 11% profitability, in which it will invest 125 million and will be effective on January 24.
Already in the rest of Europefalls minimized at the last minute in the indicators, but marked in the EURO STOXX 50 by Novo Nordisk and its closing cuts of more than 20%.
Leading cuts because their next-generation anti-obesity compound, in clinical trials, does not give the expected results. CagriSema, as the compound is called, represents a setback in Novo Nordisk’s progress, because the weight loss it provides is below expectations. The forecast indicated 25% and the decline in the percentage of kilos over the total remains at 22.5%. One of the things that is most sought after in this new drug is the absence of side effects, which Ozempic has produced so far.
In this way, at the close of the market the EURO STOXX 50 lost 0.38% to 4,860 points, the CAC 40 closed with falls of 0.17 to 7,274 points, the Dax yields a 0.54% up to 19,891 points and the London FT 100with cuts of 0.36% to 8,076 points.
Already on Wall Street, the session started negatively and turned positive in the middle of the session, once investors were convinced by the good data for PCE, the consumer price deflator, which barely rose one tenth, compared to the two that the market predicted and close one tenth above November, at 2.4%.
The relief in the face of better inflation data after the Fed’s announcement of fewer rate cuts in 2025 this week leaves a better taste in the mouths of investors who have started to buy.
The increases of Novo Nordisk’s competitor in the fight against the clock for anti-obesity drugs stand out, Eli Lilly & Co, which rose more than 4.5%.
While Nike, which lost almost a percentage point mid-session, despite having surpassed market estimates with quarterly results presented last night. The sports apparel company earned 78 cents per share on revenue of $12.35 billion. Analysts had expected earnings of 63 cents per share and revenue of 12.13 billion.
Increases of 8.4% for Fedex in the initial minutes of business on Wall Street. In its second fiscal quarter, the delivery company recorded adjusted earnings of $4.05 per share, above the $3.90 the market had anticipated. The negative note is that income was below expectations. The company has also announced that it plans to spin off its freight transportation business.
At the close of the Spanish market, the DOW JONES rose 1.47% to 42,972 points, while the S&P 500 advanced 1.45%, to 5,950 points. For its part, NASDAQ advances a significant 1.4% to remain at 19,644 points.
Already in fixed income, asset returns are falling, with cuts of 0.96% in the 10-year Spanish bond up to 2.979% while, the German bund places its yield at 2.2845% and gives up 0.93%. The risk premium gains positions, 1.08% to 69.95 basis points.
In oil, opening levels for Brent is trading at $72.81 and for West Texas, which, in this case, predominantly cuts 1.74% to $69.36. Gold Futures gained positions, 1.5%, to $2,647 per ounce.
The Euro Dollar with increases of 0.42% to 1.0406 units. And Bitcoin that drops 3% to 97,571 points.