Spanish equities move this Tuesday with decided gains which leave the indicator comfortably above 16,100 points in this session, although volatility is not far from escaped in the market.
Experts consider that the advances will return after the correction, due to the overselling that is occurring in the market. Today the clearest example is an ACS that is recovering positions after last Friday’s setback. However, some values continue to move in a lively mode, such as the case of Indra, which has experienced a real up and down in its price in recent sessions. Today placed between the best and the worst of the closing session.
The IBEX 35 ends Tuesday with gains of 1.08% to 16,140.90 points with increases for values such as ArcelorMittal 3.61%, ACS 3.57%, and Banco Santander 2.36% and the falls experienced by Solaria 4%, Acciona 0.99% and Acciona Energías Renovables 0.88%.
Among the protagonists of the session, Telefónica, which today completed its ERE. The affectation of employment regulation file For seven companies in the group, in the absence of the constitution of the last of the negotiating tables, it stands at 6,088 people. In that sense, this morning Telefónica has proposed a total of 140 outlets in its subsidiary Global Solutions (which represents almost 22% of a total workforce of 638 personnel) and 233 for Telefónica Digital Innovation (23.46% of a total of 993 employees). After the constitution of these two negotiating tables, Only Telefónica SA remains to be established.
Meanwhile, we have learned that Movistar will raise its convergent ratess (those that combine different services such as mobile, landline, fiber and television) around 4% on average as of next January 13, especially, the company points out, due to the increases in prices of the participating streaming platforms.
On the other hand, AXA IM Alts has signed an agreement to acquire 40% of FiberPass, its fiber joint venture, from Vodafone Spain and Telefónica Spain for 500 million eurosas reported by Telefónica and the British fund Zegona, owner of Vodafone Spain, in separate statements.
IAG has completed its share buyback program, with which it has acquired a total of 263,600,174 titles, representing 5.58% of its share capital, for a total amount of 1,000 million eurosas reported by the company to the National Securities Market Commission (CNMV).
In other news of the day, Mapfre will refinance a third of its debt at the beginning of 2026 and will split its emissions, according to a report The Economist.
Among the analysts’ recommendations, the 20 euros and the double-digit increase of 11% that BNP Paribas predicts for Iberdrola stand out, the currently highest recommendation on the value, while reiterating its rating of overweighting the value in the market. The fundamental factor of the improvement, the strong visibility of the investments announced in networks in its strategic plan, for which the firm considers that the utility will have a greater growth path despite their high amount.
Besides Berenberg downgrades Solaria from ‘buy’ to ‘hold’, although it raises the target price from 12.5 to 19 euros per share. The new valuation represents an upside potential of 10% compared to the current valuation.
On the other hand, Bernstein raises his recommendation on ACS from ‘market perform’ to ‘outperform’ with a target price that goes from 59 euros to 94.60 euros per share. The same analysis house increases Indra’s target price to 57 euros, from the previous 50.
Already in the continuous marketthe increases of almost 10% for GAM stand out after raising its dividend by 91% with 5.1 million euros of net profit in the first nine months of the year.
Already in the rest of Europe, generalized gains are marked by the indicators, the EURO STOXX 50 gains 0.83% to 5,575 points, the CAC 40 advances 0.83% to 8,025 points, the Dax gana 0.92 to 23,480 points, and the session in London closes with gains for el FT 100 of 0.82% the 9,613 points.
On Wall Street, a warrior’s rest for the Nasdaq OMX after yesterday’s rise, opening levels for the S&P 500 and gains for the DOW JONES Ind Average, while investors raise the chances on Wall Street of a new rate cut in December, which exceeds the probability of 82.7%, according to CME’s FedWatch.
The S&P 500 is down about 2% in November, while the Nasdaq has fallen around 4%. The Dow Jones, made up of 30 stocks, has also lost about 2% so far this month.
NVIDIA shares fall 5.5% after The Information indicates that Meta Platforms is studying using chips designed by Google. Alphabet shares at opening levels, but again at year-over-year highs
According to the post, Meta is considering using the Google’s tensor processing units (TPUs) in its data centers in 2027. It could also lease TPU from Google’s cloud unit next year. TPUs are customized chips and, according to experts, this gives the company an advantage over its competitors as it can offer customers a highly efficient product for AI.
Shares of China’s Alibaba listed on Wall Street rise 2%. The company reported better-than-expected results in its fiscal second quarter, with revenue of 247.8 billion yuan ($34.8 billion). Investors look above all on 34% year-over-year increase in cloud computing revenueup to 39.8 billion yuan, compared to expectations of 37.9 billion yuan.
Abercrombie soars 17% at the opening of its quarterly report. The company has put on the table an earnings per share of $2.36, above the expected $2.16, while revenue reached $1.29 billion, also above the expected $1.28 billion.
At the close of the Spanish session, the DOW JONES rises 0.76% to 46,800 points, the S&P 500 gains 0.10% and stands at 6,711 points while the innovative and technological Nasdaq OMX cuts 0.45% to the level of 22,762.
Already in fixed income, important cuts to the returns of assets with the Spanish 10-year bond that
e places its yield at 3.161% and drops 1.25%, with falls of 1.03% for the German bund, to 2.6693%. The Spanish risk premium is reduced to its lowest level so far this year, an amount of 4.5% to 49.17 basis points.
For their part, in raw materials we see significant falls due to the news about a potential peace agreement in Ukraine. lThe barrel futures, with Brent, the benchmark in Europe, falling 2.5% to $61.16, while those from American West Texas lost 2.78% to $57.29. Gold Futures show slight falls of 0.09% to $4,165 per ounce.
The Euro Dollar with advances for the single currency of 0.43% to 1.1570 units, while Bitcoin falls a slight 0.2% to 86,962 dollars per asset.