The Spanish Variable Income closes on Friday with the worst stock market submission card throughout Europe. Important falls that have left the Ibex 35 below, but without getting too far from the 14,000 points, with Energy by pulling the marketin the face of falls with all the weight of the banks, arcellyittal and above all, of Inditex
Before this panorama and without the collusion of a Wall Street with a long weekend from yesterday afternoon for the celebration of the National Festival of American Independence Day, IBEX 35 closes on Friday with cuts of 1.48% to 13,973 points, with the falls of values such as BBVA 2.57%, Inditex 2.18% and ArcelorMittal 2.01% and the recovery that they experience. Renewable energy 3.73%, Endesa 1.31%and Naturgy (natural gas) 1.03%.
Generalized cuts in Europe that are based on how things are being tense in commercial matters, When they barely separate 5 days from the deadline implemented by Donald Trumpthat 90 -day pause about to finish without an agreement between the US and the EU is seen on the horizon.
But not just that. We already told them yesterday that The president of the European Commission, Úrsula von der Leyen, emphasizes that it will be «impossible» to reach an agreement «to detail» with the Trump administration, Given the very high volume of commercial exchanges between the parties, which also exceed 1.5 billion euros together. «What we aspire is to a principle of agreement,» said the head of the Community Executive from Copenhagen, at the beginning of the Danish presidency of the Council.
And none of this he laid well in the American president and that, with his particular way of negotiating, he has indicated that he will send A remittance of letters detailing the tariffs that the country intends to implement this Friday, to «10 or 12 countries» He has pointed out, without specifying, even before the end of the deadline that expires on July 9.
Trump also specified two percentages ranges: Tariffs between 60 and 70%, which would begin to be implemented on August 1. This motivates the ‘fear’ today of many of the European companies that will be clearly harmed by this implementation.
In the Spanish Stock Exchange, today the prominence comes from the hand of energy. Santander has reiterated its recommendation to overcome two key values of the energy sector of the continuous, Endesa and Grenergy renewable market, in a context of strong stock market revaluation and with a backup based on fundamental solids and growth perspectives.
So far this year, Endesa accumulates a revaluation of 26,5%driven by an improvement in its operational margins and efficient cost management. The recommendation of overflow On Santander, it reflects the confidence in the solidity of the dividend, its box generation and the visibility of results in the medium term.
For its part, Grenergy Renewables, one of the most prominent values of the year in the continuous market, also maintains the qualification of overflowwith a very significant upward review of your target price, from 45.40 to 72.40 euroswhich represents a 11.2% rise potential From its current level of 65.10 euros.
Although the greatest pull corresponds to renewable energy, this week of continuous maximums, after the Trump administration has minimized the expected blow against the sector, especially in the fiscal law, which has motivated these profits that have elevated this week in 9.66%.
Specifically, the approved package eliminates a tax on ecological transition projects and delays the elimination of fiscal aid to electricity that benefits wind and solar projects, Somo indicates XTB.
On the negative side of the recommendations, BNP Paribas Exane maintains its sale recommendation on the Repsol oil company despite raising its target price to 11 euros. The firm considers that the action, which is currently traded at 12.4 euros, does not offer revaluation potential and could record a correction in the next twelve months.
In fact, the new objective price implies A 11% bassist potential in the medium term with respect to the current contribution, which justifies the continuity of a negative vision of value.
For its part Blackrock adjusts its positions in the values as a reference shareholder in the IBEX 35. In the case of BBVA, Blackrock has notified the National Securities Market Commission (CNMV) an increase in its participation, which has gone from 6.8% prior to 7,158%, thus marking its highest level to date. On the other hand, in Banco Sabadell, the manager has experienced more moderate growth, raising its 6,624% participation to 6,739%.
Blackrock has strengthened its position in telecommunications companies, such as Telefónica, where its participation has increased to 4,955%. In the health sector, the manager has increased its presence in Grifols to 4,274%, and in fluid to 4,304%.
As for tourism companies, Blackrock has adjusted its position in the IAG (Iberia) airline holding decreases its participation to 3.65%, although it remains the third largest shareholder after Qatar Airways and Capital Research and Management Company.
And Izertis’s passage to the continuous market has resulted in positive. Since its BME Growth debut in 2019, Izertis has managed to revalue more than 500%, from 1.7 euros per share in which it began, until it reached 10.5 euros, a figure in which it was released today in the continuous market. After the premiere the value has touched maximum intradic at 12.95 euros per share, adding 23.33% to its price. At the close the rise exceeds 4% on Friday.
Already in the rest of Europe, also bassist session at the end, the euro Stoxx 50 lowers 1.02% to 5,288 points, CAC 40 cuts 0.77% to 7,694 points, the Dax desciende 0.45% to 23,795 points, and the London session is shown up el FT 100 in 0.01% to 8,822 points.
In fixed income, cuts in the profitability of assets, with The Spanish 10 -year -old bonus, with 0.43% drops to 3,217% while the German BUND has 0.77% cuts to 2,5620%. The Spanish risk premium is driving 0.15%, up to 65.50 basic points.
In raw materials, oil yields positions with A future of the Brent barrel that drops 0.57% to $ 69.41while, the West Texas places its price at $ 66.56, and loses 0.66%. Gold, barely moves with nimios of 0.01% for its futures with a price per ounce that is placed in 3,342.
Bitcoin already cuts positions, with falls of 1.24% and active levels of 107,775 dollars per ounce. And the Euro Dollar ratio that gains 0.17% positions for the single currency, and is changed at 1,1774 units.