The IBEX 35 takes benefits pending tariffs at the falls of Indra and Santander

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By Jack Ferson

The IBEX 35 has taken the day easy, with falls, but calmly. In fact, moderate benefits in the market, after yesterday’s increases. A high on the way only to gain strength, although with an eye on tariffs, since, we are on July 10 and although there is room until August, you never know with Trump.

We remember that The European Union continues to negotiate at a good pace with the US on a commercial agreementbut there is nothing closed and, if we take into account Trump’s unpredictability, investors keep clothes for what may happen.

In this way, the IBEX 35 closes the session this Thursday with falls of 0.79% to 14,141 points with cuts that experience values ​​such as indra 3.81%, Banco Santander 2.77% and Caixabank 2.73% and the increases of companies such as Arcelormittal 3.57%, fluid 2.69% and Puig Brands B 2.49%.

Among the protagonists of the day, Indra with their strong falls in today’s session for two reasons. The first is usual the sale of the asset after collecting the dividend, since today it was effective, the second the strong increases, of double digit that has experienced the value in the last week, today with an eye on the extraordinary council that the company celebrates today to address the fusion with a scribe.

And the banks, also protagonists in the last days of strong increases, While the potential drops of types in the US were blurring at the minimum expression and before the results season begins in Spain, in two weeks, which will give us an idea of ​​the temperature with which the one that is, to date, to date is moved The best sector in the Spanish Stock Exchange so far this year with revaluation of the IBEX Banks of 53.75%.

Today they have collected benefits significantly until marking the bearish trend, for their weighting in the selective, of the session.

In addition, Goldman Sachs visualizes CaixaBank, with CaixaBank on which he maintains his sale recommendation, but today slightly elevates its objective price from 7.20 to 7.30 euros, a figure that, however, leaves its medium -term journey in the stock market to zero from the current levels.

Meanwhile, JB Capital Markets has reviewed Bankinter’s target price from 13.80 to 13.90 eurosreiterating your advice from buy Thanks to the quality of your recurring income. This leaves a Additional potential of +20.7% From its current level.

Finally, Banco Sabadell, JB Capital considers that there is still a remarkable margin for new increases. Has raised its objective price since 3.70 to 3.80 euroswhich implies a +25% potential On the current price, located around 3,04 euros.

Focus of attention also today for the comeback of IAG (Iberia) in the stock market on account of the presentation of the results in the US of Delta Air Lines. Bad figures for the whole year, but very good in the short term for two factors: good summer season and substantial improvement in terms of premium revenues with increased first -class tickets.

Before publishing results, the company in which Iberia was integrated lost positions, although after publishing them It has been placed in the best of the day with increases greater than 2%.

Already in the rest of Europe, andL Euro Stoxx 50 yields 0.13% to 5,438 points, CAC 40 wins 0.3% to 7,902 points, the Dax CAE 0.23% to 24,465 points and el FT 100 It raises an important 1.25% to 8,978 points.

And in Wall Street, with Donald Trump presuming in his social network of how well the New York Stock Exchange goes on account of the tariffs, the market continues to suspend them with an eye on Brazil and copper and 50% of commercial taxes implemented by the US for their products.

And returning to the need for the type to go, because it indicates, there is no inflation, all this more than a week after 6 months in office. It boasts of Bitcoin’s advances until he played historical maximums last night, and 47% that Nvidia has risen since the tariffs were imposed.

Among the news, and beyond the aforementioned results that have been published before the opening of Delta Air Lines, the operation of the day is transoceanic. And Europe buys US or rather Kinder, you eat the corn flakes because the manufacturer of the first will be done, to exclude it from the stock market, with the second.

WK Kellogg, the feed company gains 30.5% in opening, although in pre -opening it has come to revalue 52%, after the information published by The Wall Street Journal has been confirmed, citing people familiar with the matter, reported that Ferrero chocolate manufacturer You are about to close an agreement to buy the food for breakfast for about 3.1 billion dollars. And the operation has already been made public, which will mean getting the stock market.

Opening levels for the PTC software company after the increase yesterday greater than 17% after a Bloomberg report, which quoted people familiar with the matter, indicated that Autodesk is exploring a possible acquisition of the company. Autodesk Inc shares, which closed Wednesday’s session with a fall of more than 2%, also fell more than 2% outside working hours. Falls for Autodesk, which exceed 2% and that add to those implemented yesterday in a similar amount.

At the end of the day in the Spanish Stock Exchange, the Dow Jones turns against the opening and earns 0.52% to 44,691 points, the S&P 500 advances 0.17% to 20,567 points and the Nasdaq OMX turns around and prevents, for the moment, new maximums, with cuts of 0.20% to 20,569 points.

Already in the rest of the market, we start with the fixed income, with increases in the profitability of the 10 -year Spanish bond, 0.55% to 3.31% While the progress is 0.95% for the German BUND that quotes at 2,6580%. The risk premium drops 1.81% to 65 basic points.

In raw materials, oil low with A future of the Brent barrel that has 1.64% cuts to $ 69.05while, the West Texas places its price at $ 67.07, and yields 1.03%.

Gold wins positions with An cash price that rises 0.14% to $ 3.318 And his future that advances 0.18% to $ 3,326.

Bitcoin already moves with profits of 1.92%, after marking last night a new maximum and quoted, at the close of the Spanish market, in the 111,159 dollars.

Finally, in the Euro Dollar relationship, with falls for the single European currency, which descends to $ 1,1686.

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