The Spanish stock market takes a shopping dip accompanied by the good macro data recorded by the United States and by Trump’s idea, already known last night, of falsely closing the threats of imposing tariffs on Europe on behalf of Greenland.
Two factors that have driven purchases in this session, while The results season begins in Spain among the greats. The selective recovers strongly the level of 17,600 points while returning to the positive background level that the market continues to maintain, according to analysts, despite the constant obstacles along the way.
Added to all this is the announcement in Davos by Ukrainian President Zelensky, of the three-way meeting between the delegations of Ukraine, Russia and the United States in the United Arab Emirates to approach a position towards a peace agreement.
The IBEX 35 closes on Thursday with gains of 1.28% to 17,663.40 points due to the increases experienced by companies such as ArcelorMittal 6.34%, Puig 4.46% and Acerinox 4.19% and the falls of listed companies such as Repsol 2.85%, Bankinter 1.48% and Redeia (REE) 0.41%.
Among the news of the day, the starting signal for the publication of results with Bankinter. The bank achieved a profit of 1,090 million euros in fiscal year 2025, an increase of 14.4% compared to the previous year and a new record. The return on equity (ROE) stood at a historic 18.9%, one percentage point above the same ratio last year, and with a ROTE of 20%. The stock is one of the few that is losing positions on the stock market today.
Today recommendations also move the market and we have seen many referring to the Spanish stock market. Among them is Banco Santander because according to Jefferies analystswho consider that the entity chaired by Ana Botín also has the capacity to increase the ‘pay out’.
The New York firm has reiterated its ‘buy’ recommendation for Banco Santander, while raising the target price to 11.80 euros, from the previous 7.10 euros. The new valuation represents a potential of 14.3% compared to yesterday’s closing, Wednesday. The value closed today at highs.
The best of the day is today for ArcelorMittal, which soars in this session due to the strong momentum, of no less than 10 euros in its target price, up to 55 from the previous 45 for the value that comes from Citigroup. The American bank is decisively betting on the steel company while gives it a new potential of up to 26.3% from its closing price yesterday.
Furthermore, a blow from the analysts of Barclays to MERLIN Properties: the British firm has decided to cut the target price of the Socimi by 5%, which remains at 13.50 euros per sharecompared to the previous 14.20 euros.
Despite this cut, Barclays still sees 10% upside potential in Merlin shares compared to Wednesday’s close.
Repsol also stands out as the most punished stock of the session, once Venture Global has announced that an arbitration court has ruled in its favor in a dispute with the Spanish energy company Repsol for the initial failure of the American supplier to deliver liquefied natural gas (LNG) from its Calcasieu Pass project under a 20-year long-term contract.
The ruling contrasts with that of October 9, in which BP prevailed over Venture Global in a similar lawsuit filed before the International Court of Arbitration of the International Chamber of Commerce.
In the rest of Europe, widespread recovery for the same reasons, with a EURO STOXX 50 gaining 1.25% to 5,956 points, the CAC 40 advancing 0.99% to 8,148 points, the Dax revalues 1.12% to 24,854 points and the FT 100 adds at the close of Thursday 0.07% to 10,144 points.
Already on Wall Street, both the no to tariffs and the fact that the Fed’s preferred inflation and growth macro data have pleased the market, continue to influence the indicators at this time.
Among the companies to publish accounts, Procter&Gamble stands out, which has put disparate figures on the table due to the drop in demand for its Gillette blades and Pampers diapers. The consumer giant announced second-quarter attributable profit of $4.32 billion, or $1.78 per share.
Outside of the quarterly accounts, GameStop continues in a sweet moment before the purchases of CEO and president, Ryan Cohen. The executive acquired more shares of the video game retail company yesterday, Wednesday, purchasing 500,000 shares at a weighted average price of $21.60 each, according to a document filed with the Securities and Exchange Commission (SEC). This is in addition to the purchase of 500,000 shares he made on Tuesday.
Paramount Skydance has extended the deadline for its takeover bid for Warnr Bros Discovery until February 20, giving it more time to convince investors that its offer for the Hollywood studio exceeds the agreement with Netflix.
By the way, Goldman Sachs has published a recent report on the entertainment platform Netflix in which it cuts its target price from $112 to $100 per share. Level that is above the $88 where the value is now moving, although it gives it a neutral rating.
At the close of the Spanish session, the DOW JONES rose 0.77% to 49,453 points, the S&P 500 rose 0.61% to 6,917 points and the Nasdaq OMX advanced 0.92% in this session to 23,437 points.
In the rest of the market, we start with the fixed income market, with a mixed session in its returns. So, The 10-year Spanish bond falls 0.21% to 3.263% while in the case of the German bund, there are increases of 0.13% to 2.8818%. The risk premium drops 4.62% and corrects to 37.97 basic points.
In raw materials, with oil recovering in price, with a future of the Brent barrel that presents significant falls at this time. From 1.50% to $64.26 while West Texas places its price at $59.69, and gives up 1.53%. Gold rose 0.91% to $4,881 per ounce.
Already Bitcoin, with increases of 1.7% to $89,038 per asset. Finally, in the Euro Dollar relationship with the weakness of the greenback, which takes advantage of the single currency to revalue 0.54% to 1.1751 units.