Advances at the end of the trading week for a solitary Spanish variable income that has not had the support of the rest of the European markets nor of Wall Street in a clearly bullish session for the majority of the Spanish market values.
In fact, the advances in equities have moderated in the last hour of business, while the falls of the New York Stock Exchange deepen, which has had a hard time taking profits after the rally at the new beginning of the It was Trump.
Thus, the selective has recovered the level of 11,600 points and the positive tone with which he also saves the week, which advances 0.76% tafter today’s closing.
Again banks, renewables and Socimis They are rising strongly, these last two sectors based on the results but also waiting to see what happens on Monday with the future of the tax reform and whether or not taxes will definitely tax these sectors.
On the other hand, the collection of profits from Grifols A joins the strong impact, like the entire global pharmaceutical sector, of Laboratorios Rovi due to the election of an anti-vaccine such as Robert F. Kennedy, as Secretary of Health in the US. Let us also remember the link between the Spanish laboratory and Moderna in terms of vaccines, since it will now manufacture the respiratory syncytial virus vaccine for the American RNA company.
The IBEX 35 closes on Friday with gains of 0.97% to 11,635.90 points thanks to the advances of values such as Unicaja 3.35%, BBVA 3.19% and Acciona 3.09% and the cuts of Rovi Laboratories 4.68%, Grifols A 1.51% and Cellnex 0.91%.
As for the current situation, this day it goes through the results again, with those of the SOCIMIs and their good reading by investors. MERLIN Properties closed the first nine months of 2024 with total revenues of 383.6 million, EBITDA of 287.2 million, operating profit of 230.5 million and accounting net profit of 225.4 million.
In addition, the board of directors of Merlin has agreed to distribute an interim dividend against the profits for fiscal year 2024, for a fixed amount of 0.18 euros gross per share which will be paid on December 10, 2024. Before, on November 25, the registered holders who have the right to receive the dividend are determined.
Inmobiliaria Colonial, which improved its results at the end of the first nine months of the year, with a recurring net profit of 147 million euros, sales revenues that increased by 6% to 293 million and with the group’s EBITDA that grew by 4% up to 240.7 million euros.
On the other hand, Colonial has limited the impact of the possible suppression of the SOCIMI regime to which it is covered to between 1% and 2% of its profit per share, having limited exposure to the Spanish market and calculating that the new corporate tax it would pay would be 18.75% and not the speculated 25%.
And Acciona, which has given figures, also with good readership and purchases in Friday’s session. The company maintains its objective of achieve a gross operating result (Ebitda) of 2,000 million euros in the entire fiscal year 2024after closing the first nine months of the year with a record infrastructure portfolio of 40,952 million euros, 21% higher than the end of 2023.
In the Continuous Market, this morning before the opening, the accounts of Técnicas Reunidas were known, a value that closed with a slight decrease. The company obtained a net profit of 65 million euros in the first nine months of the year, 58% higher than the profits of 41 million euros in the same period of 2023.
Regarding analyst recommendations, Citigroup raises ArcelorMittal’s target price to 40 euros per share, from 38 euros previously.
Already in Europegeneralized falls for the indicators, especially for the pharmaceutical sector with a 3% cut due to the news that leads to the nomination of Donald Trump as Secretary of Health of a vaccine denier like Robert Kennedy. Added to this is the negative impact today of technology and industrial values.
On the progress side, energy, basic materials and also financial values stand out. They stand out in the negative the plummeting cuts of Novo Nordisk, GSK, Sanofi and Roche, compared to the increases of British American Tocacco, BASF and HSBC.
In this way, at the close of the market the EURO STOXX 50 lost 0.79% to 4,795 points, the CAC 40 closed with falls of 0.54% to 7,272 points, the Dax ends with declines of 0.13% in the the 19,217 points and the London FT 100with decreases of 0.09% to 8,064 points.
On Wall Street, things are looking good to close a week that was already projected, mid-session, clearly negative, with clear profit-taking.
Among the news, the results stand out again, Applied Materials, which fell 9.4% after the bell despite a better-than-expected fourth fiscal quarter. The burden on the semiconductor equipment maker appears to be on the weak revenue outlook for the current quarter. Applied Materials anticipates $7.15 billion in the fiscal first quarter, below analysts’ estimate of $7.224 billion.
And just before the opening, General Motors announces the layoff of 1,000 employees amid a new reorganization and the automaker’s cost-cutting policy. The value barely registers cuts of 0.3%.
Alibaba’s results barely leave a cut in the Chinese retailer of 0.3% after learning that the Chinese e-commerce giant will exceed earnings expectations in its fiscal second quarter. although its sales disappointed as the company continues to grapple with weaker consumer spending in China.
At mid-session, the DOW JONES Ind Average fell 0.64% to 43,470 points, the S&P 500 fell 1.12% to 5,882 points and the Nasdaq OMX fell 1.94% to 18,737 points.
Regarding fixed income, mixed tone, with the bond Spanish 10-year loan that reaches 3.044% with cuts of 0.26%while the German bund is placed at 2.3435%, at opening levels. The risk premium falls to 70.25 basis points, with a drop of 0.05% while remaining almost 3 points below the French premium.
Regarding oil, moves back positions again with a European Brent that gives up 0.34% up to 72.33 dollars and an American West Texas that cuts 0.26% in price to 68.50. He Gold is trading up 0.11% to $2,575 per ounce.
The Euro Dollar is trading with advances of 0.08% for the single currency, and is exchanged against the greenback at 1.0539 units. But it ends the week in negative and has reached, intraday, its lowest levels since October 2023, while accumulating cuts close to 3% since Donald Trump’s victory.
And Bitcoin is trading at $89,068 and has surpassed $3 trillion in market value, rallying since last week on hopes that the Trump administration could usher in friendlier U.S. regulation. This is its highest value on the market since last March.