The Spanish Variable Income Reverdese again … for the umpteenth time And after scoring, with the commercial war installed effectively and not only as a threat, the greatest fall since the victory of Donald Trump. But today, the tortilla has turned positive, for three fundamental reasons.
The first, Trump’s speech before both cameras of Congress (in the traditional speech of the Union that this year is not fulfilled by being the first of the Legislature) in which There were no news about new levies and in parallel the statements of the Secretary of Commerce indicating that the tariffs already reached.
The second, The Infrastructure Plan With the agreement in the future coalition government to create a fund, also of defense in Germany, for half a billion euroswith what is for the concessionaire and raw materials business such as steel.
The third, The reverse of Zelenski and the search for an agreementafter withdrawing the US support, which brings a peace in Ukraine and an eye on the reconstruction of the country.
These three factors, have sudden Banks, Yesterday highly penalized by the geopolitical situation and the economic impact of tariffs.
In this way, the IBEX 35 ends this third stock market session with 1.4% profits to 13,214 points with the values of values such as Arceormittal 10.44%, ACS 7.11% and Bankinter 5.79% and the falls that have occurred in Cellnex 4.47%, Colonial Real Estate 3.79% and telephone 2%.
Both Arceormittal and ACS lead the session for the infrastructure that gain ground in Europe, while the first one clearly recovers from yesterday’s varapalo. The second even, included in the investment strategies portfolio, is placed with historical maximums for the company that presides over Florentino Pérez, especially for its positioning in the German market, thanks to its percentage of almost 80% in Hotchief.
Acerinox is also among the top positions, seasoned by the good recommendations that surround the value. On the one hand, Barclays that raises in two euros per share the target price of the value to the 13 euros per share, which means granting a potential for almost 17%.
Jefferies, even goes further in improvement and although it equals the target price of the British bank the 13 euros and the potential of 16.9% that entails, From the 10.50 euros precedents of PO, the truth is that it also improves its recommendation to buy from maintaining.
Y Banks that in block rise after yesterday’s great wand and support the strong profits of Ibex 35.
As for recommendations, we add that of Goldman Sachs Overiberdrola. They qualify as purchase in value. The American firm reaffirms its advice from ‘comprar‘while raising the target price to 16.50 euros per actioncompared to the previous 16 euros. The new assessment is a Alcista potential of 20.17% Using the closing price of Monday.
Already in the rest of Europegeneralized increases especially for Germany, very punished yesterday and today recovers all the lost terrain. Sectors such as industrial values, earn almost 5%, above 3 recover basic materials and 2.7% financial. Among the cuts, energy, utilities and non -cyclic consumption, all defensive ones within the Euro Stoxx 50.
Regarding values, BASF, Siemens, Unicreditamong what most improves with advances from 7 to almost 10% of German chemistry, in front of the cuts of National Grid, Deutsche Telecom y BAt, British American Tobacco.
At the end of the market the Euro Stoxx 50 rises 1.7% to 5,490 points, CAC 40 has closed with advances of 1.56% to 8,173 points, the Dax wins 3.34% to 23,070 points and FT 100 from Londonwith falls of 0.06% to 8,753 points.
Meanwhile, in Wall Street, the shy first -hour rebound is diluted to half a session, only with the Dow Jones testimonially in positive, but without recovery.
Among the results, Ross Stores barely rises 0.9%. And that the profits of the fourth quarter exceeded the estimates, when they were $ 1.79 per share, compared to $ 1.66 per share the analysts expected.
Abercrombie & Fitch falls 15.4% to half a session, to mark its lowest interannual level after disappoint with your sales guide for the year. The company predicts an increase in income between 3% and 5%, well below the 6.8% growth estimated by the market.
The good news is that the company has broken the forecasts with its report of the fourth quarter; It reached earnings per share of $ 3.57, on revenues of $ 1,580 million, when the market had predicted $ 3.54 per earning share and $ 1,570 million.
At the close of the Spanish Stock Exchange, the Dow Jones Indege is placed in opening levels in the and is placed at 44,040 points, with an S&P 500 that cuts 0.80% to 6,095 points and a Nasdaq OMX that goes back 0.85% to 19,885 points.
Already in the fixed income, the profitability of the assets rises, With elevated increases of 8.53% the Spanish bonus to 10 years to 3,437% while, the German Bund places its performance in 2,7795% and drops by 12.8%. The risk premium forcefully lows 8.88% to 66.15 basic points.
In oil, cut cuts for the price of the future of the barrel Brent that lies at $ 68.56, with falls of 3.51% and for the West Texas, which yields 4.15% to $ 65,42. Gold futures earn positions up to $ 2,940, with advances of 0.68%.
The euro dollar records important profits of 1.4%, up to 1,0770 units and Bitcoin advances 4.9%, to 87,678 dollars per active.