The 16,000 points are approaching but without being consolidated although the desire to buy prevails for investors, in what is being a more than volatile November and which, historically we remember, is the second month of the year in stock market increases.
But this year it seems that things are changing and there are already many who indicate that this may be the beginning of the Christmas rally, with the widespread gains that we see this Thursday in the markets, on this side of the Atlantic, but also on Wall Street given the great reading of NVIDIA’s results that have completely convinced the market. Although in the last half hour of business, the company’s smaller increases have even reduced the advances in Spanish equities.
Thus, on a day of tranquility and determined purchases by investors, profits are imposed with increases for the IBEX 35 that advances 0.63% to 15,988.90 points, with the increases in values such as CaixaBank 2.97%, Bankinter 2.51% and Endesa 2.18% and the falls experienced by companies such as Amadeus 3.06%, Acciona Energía 1.89% and Acciona 1.58%.
Among the protagonists of the day, Caixabank stands out especially, which has become by deed and grace and the recommendation of JPMorgan, the best value of the day. The US bank’s analysts have decided to raise their recommendation on the bank to ‘overweight’, from the previous advice of ‘neutral’, in a move that also entails an improvement in the target price to 11.41 euros per share, from the previous 9.40 euros.
The new valuation represents a upside potential of 26.4% additional for shares that have accumulated a rise of more than 75% so far in 2025, and that has corrected in recent days after reaching historical highs of 9,688 euros on November 13.
Furthermore, we have learned that the main banks in Spain They project another year of record profits and plan to distribute 18,000 million euros to their shareholders until 2026according to the latest Accuracy projections.
In addition, the National Markets and Competition Commission (CNMC) has approved a 6.44% increase in the rates charged by Aena to airlines, so that these will rise from the current 10.35 euros to 11.02 euros as of March 1, 2026. The value has risen by more than one percentage point at the close of the session.
Returning to the recommendations, IAG (Iberia), For JPMorgan and its analyst, Harry Gowers, the expectation happens because it considers the valuation of its shares attractive, which also They appear on the «List of Featured Analysts».
And they highlight that, after the «UK Leaders» conference The conditions for the airline holding company remain, for the moment, favorable. His recommendation on the value remains to overweight its shares, with a target price of 5.50 euros per share, which indicates potential for IAG from its current share price levels of 28.44%.
Also this Thursday, Bankinter analysts in a Banco Sabadell report placed their recommendation on the value at neutral, but the target price rose from 3.75 to 3.80 euros per share, which represents an upward potential of 23.4% compared to the current price.
In the Continuous Market, Barclays analysts cut the target price of HBX Group International from 12.8 euros to 10.8 euros per share.
Already in the rest of Europe, widespread gains, where Siemens Energy, parent company of Siemens Gamesa, after announcing the launch of a 6 billion euro share buyback plan which will be in force until the end of the 2028 fiscal year of the company, whose price on the Frankfurt Stock Exchange climbed to historical highs of 114.5 euros and increases of more than 5%.
At the close of the session, the EURO STOXX 50 gained 0.46% to 5,567 points, the CAC 40 rose 0.34% to 7,981 points, the Dax revalues 0.33% to 23,279 points and el FT 100 At Thursday’s close, it advanced 0.16% to 9,522 points.
Already on Wall Street, we see how the gains are happening strongly due to two factors: on the one hand, the absolute prominence of NVIDIA, which results in increases of more than 1% for each and every one of the three main indicators of the Spanish stock market.
Its results and, above all, its forecasts and guides have convinced the market. Of course, the increases are moderated to 3%. The most valuable company in the world achieved earnings per share of $1.30, above the consensus estimate of $1.25, with record revenues of $57.01 billion, compared to the $54.92 billion estimated. They also represent an increase of more than 62% over the 35.1 billion revenues registered in the same period of the previous year.
For its fourth fiscal quarter, NVIDIA predicts revenue of $65 billion, also above the $61.6 billion that analysts had estimated.
On the other hand, hehe statements by some members of the Fed who do not take a dim view of a rate cut for December, something that the division of the last Federal Reserve meeting cooled just yesterday, after the publication of the minutes. The big problem: tariff inflation, which could delay and even dilute the cuts in 2026.
At the close of the Spanish session, the DOW JONES rose 0.63% to 46,428 points, the S&P 500 rose 0.7% to 6,686 points and the Nasdaq OMX gained 0.83% to 22,754 points.
In the rest of the market, we start with the fixed income market, with increases in the 10-year Spanish bond, from 0.19% to 3.216% while in the case of the German bund, it advances 0.27% to 2.7183%. The risk premium drops 1.11% and corrects to 49.67 basic points.
In raw materials, oil is placed with gains of 1%, with a future for the Brent barrel that presents increases of 0.98% to $64.14 while West Texas places its price at $59.83, and gains 0.98%. Gold fell a slight 0.07% to $4,079 per ounce.
Already, Bitcoin is moving with drops of 1.37% to $88,580 per asset. Finally, in the Euro Dollar relationship it remains at opening levels up to 1.1539 units.