Spanish equities once again think positively – although after adjustment only slightly – after the purchases that have been imposed in the early afternoon once Trump has ruled out military intervention in Greenlandafter the escalation of statements in recent days and which investors had read even worse than the imposition of tariffs of between 10 and 25% from February to June due to their opposition to American control of the island dependent on Denmark.
In this way, the selective broke two important limits in today’s session, once Banks that have been strongly downward have turned upward or minimized cuts.
The first, look back on the 17,400 points that it has managed to overcome after two clearly downward sessions.
The second, of a technical nature because the experts indicated the downward danger of returning to above 17,000 points if the level of 17,400 points was broken downwards, which ultimately did not occur at the close.
This was indicated by José Antonio González, financial market analyst at Investment Strategies. «A daily close below 17,400 points would force us to project the width of this short-term consolidation process, starting from the bearish breakout point, which would allow us to project potential bearish points that could take us to an area of previous ceilings, now supports of 17,076 points and 17,032 points. To round up, we could reach 17,000 points.»
In this way, the IBEX 35 closes the mid-week session with advances of 0.06% to 17,439.50 points with the revaluation of values such as ArcelorMittal 4.71%, IAG (Iberia) 2.99% and Repsol 2.77% and the falls experienced by Indra 2.89%, Telefónica 1.67% and Mapfre 1.23%.
Among the news from the session, Iberdrola stands out, after the company’s president, Ignacio Galán, gave an interview to Expansion in which he assures that “Iberdrola can become the largest electricity company in the world.” Furthermore, Oddo BHF analysts have raised Iberdrola’s target price to 21 euros per share, from 19.8 euros previously. IF this valuation is reached, the market capitalization would rise to 140,000 million euros. The recommendation is to overweight.
On the other hand, Berenberg analysts raise Iberdrola’s target price to 19 euros per share, from the previous 17.50 euros, while they raise Endesa’s to 31 euros, from the previous 20 euros.
Another of the protagonists of the trading floor is Telefónica. While rumors increase about a possible offer for Vodafone’s business in Spain, today the newspaper Five Days publishes that the teleco has received offers of 250 million euros for its headquarters in Gran Vía.
Aena is also in the news, after yesterday the Council of Ministers gave the green light to the operation through which its subsidiary Aena Desarrollo Internacional will be able to acquire a majority stake in two airports in the United Kingdom: 100% of Leeds Bradford and 49% of Newcastle, through a new holding company.
The authorization allows Aena to buy 51% of this new holding company for an amount of 309.6 million euros (approximately £270 million). The remaining partner, with 49%, will be the InfraBridge fund, current owner of the assets.
In the financial sector, the president of BBVA, Carlos Torres, has assured Expansion that “growing and rewarding all BBVA shareholders well is compatible.”
Already in the rest of Europe mixed session, although the falls have moderated in markets such as the German, the Italian and the average of the Euro Stoxx 50. At the close of the session, the EURO STOXX 50 fell 0.35% to 5,871 points, the CAC 40 gained 0.08% to 8,069 points, the Dax cede 0.64% to 24,525 points and el FT 100 gains 0.10% to 10,137 points.
Meanwhile on Wall Street, the slight advances that we saw in the futures have become decisive gains after Trump’s words in his speech in Davos.
His statements indicated at the Economic Forum that «we never asked for anything and we never got anything, We probably won’t get anything unless he decides to use excessive force.where we would be frankly unstoppable, but I won’t do it»have reassured investors.
Already in corporate news, presentations of results stand out. One of them was Netflix at the close of yesterday, with good figures but negative reception of the forecasts and the suspension of the share repurchase.
The streaming giant put slightly higher-than-expected profits on the table for the quarter ended December 31, reaching an earnings per share of 56 cents, compared to the 55 cents expected by experts. Revenue reached $12.05 billion, compared to the expected $11.97 billion. Netflix claimed to have reached 325 million paying subscribers globally at the end of the period, marking a new milestone.
United Airlines waiting generate record profits in 2026 due to strong travel demand in recent weeks. The airline predicts adjusted earnings per share of between $12 and $14 this year, in line with the $13.16 per share anticipated by analysts.
Early this Wednesday, Johnson&Johnson presented its report, which has published stronger-than-expected financial forecasts for 2026. The pharmaceutical giant expects operating sales of between $99.5 billion and $100.5 billion, compared to a consensus of $98.9 billion. The profit for the year will be between 11.43 and 11.63 dollars per sharecompared to an analyst estimate of $11.45 per share.
At the close of the Spanish session, the DOW JONES rose 0.88% to 48,914 points, the S&P 500 rose 1.05% to 6,867 points and the Nasdaq OMX advanced 1.22% and stood at 23,240 points.
In the rest of the market, we start with the fixed income market, with progress in the 10-year Spanish bond, from 0.40% to 3.27% while in the case of the German bund, there are increases of 0.6% to 2.8782%. The risk premium drops 1.19% and corrects to 39.05 basic points.
In raw materials, oil recovers light positions. Advances of 0.15% for the Brent barrel future up to $65.07 while West Texas places its price at $60.51, and gains 0.23%. Gold rises with a safe haven asset in the face of volatility at record levels at $4,840 per ounce, with an advance of 1.5%.
Bitcoin already presents cuts of 0.44 and places the price of the asset at 89,749 dollars per asset. Finally, in the Euro Dollar relationship favorable to the greenback, with falls for the single currency of 0.20% and it is exchanged at 1.1703 units.