Spanish equities once again experienced a session of clear volatility but, in the end, and despite the close close to the opening, It ends with the sixth historical maximum of the Ibex 35 on the verge of 17,700 points for the Spanish selective.
The banks, once again protagonists, in this case on the positive side, and that finally, with their increases, they have balanced the balance of purchases on the Spanish stock market. As we will see, the recommendations have driven them in this session.
Among the most volatile of the session, the Repsol shares, which were among the best of the session in the early stages and then placed themselves among the worst mid-day and closed with a positive sign.
The IBEX 35 closed the day at 17,687.10 points with increases of 0.08% and marking its sixth all-time high for the month of January. Among the values that rose the most we find Solaria 2.62%, Acciona Energía 2.01% and Unicaja 1.59% and the falls experienced by Aena 2.58% and Telefónica 2.41% and the Italian Endesa 2.25%.
In terms of news, we highlight that Caixabank and Banco Sabadell have placed 1,750 million euros in the markets, according to two deals closed yesterday, Monday. The bank led by Gonzalo Gortázar has placed 1,250 million euros in a senior non-preferred bond with a maturity period of 11 years, while the entity chaired by Josep Oliu has placed an issue of mortgage bonds for 500 million euros and a maturity period of seven years.
They are also driven by recommendations. Unicaja also receives three recommendations, from Kepler Cheuvreux, UBS and Citi, and the first with ample potential that exceeds 12%, after being the fourth value with triple-digit gains on the Spanish stock market in 2025.
Also, the same firm raises Banco Santander’s advice to ‘buy’, from ‘hold’ and the target price to 12.40 euros per share, from the previous 8.81 euros. Deutsche Bank raises ArcelorMittal’s target price to 47 euros, from 42 euros previously.
For its part, UBS lowers Telefónica’s target price from 3.90 to 3.70 euros per share, all while the telecommunications company closed this Monday an issue of green hybrids for an amount of 1,750 million euros, and has in parallel launched a buyback offer for three hybrids in circulation.
But not only in banking: Telefónica closed this Monday an issue of green hybrids for an amount of 1,750 million euros, and has in parallel launched a buyback offer for three hybrids in circulation.
In addition, analysis firms with renewed spirit are looking at other values in the market. Morgan Stanley raises Ferrovial’s target price to 70 euros per share, compared to the previous 64 euros, while it cuts Cellnex to 35 euros, from the previous 38 euros.
And in the case of Repsol, as published today Five Daysthe Spanish company has an advantage in the new protection imposed by the US in the Caribbean country after the meeting that the oil companies held last Friday with the White House. Investments, which as highlighted by its CEO, Josu son Imaz, will only occur if, finally, legal security arrives in Venezuela.
Already in the rest of Europe, a mixed close for the indicators, the EURO STOXX 50 gained 0.22% to 6,029 points, the CAC 40 fell 0.14% to 8,347 points, the Dax advances 0.07% to 25,415 points and el FT 100 It revalued at closing by 0.07% to 10,133 points.
And on Wall Street, the improvement in the underlying CPI has only served to temporarily temper the mood of investors at the beginning of the earnings season that has not gone well for JPMorgan Chase and with the sword of Damocles of the wave of solidarity with the Fed’s autonomy that is presented by central bankers around the world, in support of its president, Jerome Powell.
JPMorgan Chase, which unofficially opens the earnings season for the fourth quarter of 2025, kicking off a few frenetic days in which the main Wall Street banks will present their accounts: tomorrow Citigroup, Bank of America and Wells Fargo will publish, and on Thursday it will be the turn of Goldman Sachs and Morgan Stanley.
The bank’s profits fell in the fourth quarter due to a one-time charge linked to its deal with Goldman Sachs to acquire an Apple Card wallet. Thus, profit was $13.03 billion, or $4.63 per share, compared to $14 billion, or $4.81 per share, the previous year. Their falls, at the close of the Ibex, exceeded 2%.
Delta AirLines has also published its accounts, which puts adjusted earnings per share of $1.55 on revenue of $14.61 billion. Analysts had expected a profit of $1.53 per share, but revenue of $14.69 billion. The airline expects a more than 20% increase in profits by 2026which will be in a range between $6.50 and $7.50 per share. Analysts had expected a figure of $7.25 per share. Delta shares fall 3.7% in New York morning.
In the analysts’ recommendations, KeyBanc has elevated Intel’s advice to ‘overweight‘, stating that the chipmaker is benefiting from strong demand for hyperscalers. The bank improves its target price to $60 per share, which implies a potential of 36% after having already shot up 129% in the last year.
At the close of the Spanish market, the DOW JONES fell 0.59% to 49,296 points, the S&P 500 fell 0.23% to 6,962 points and the Nasdaq OMX fell 0.17% to 23,691 points.
In the rest of the market, we start with the fixed income market, with progress in the 10-year Spanish bond, from 0.46% to 3.245% while in the case of the German bund, there are increases of 0.33% to 2.8103%. The risk premium rises 0.60% and corrects to 43.48 basic points.
In raw materials, oil marks significant increases in the face of instability in Iran and Trump’s new harangues, with a future for the Brent barrel that presents gains of 2.97% to $65.78 while West Texas places its price at $61.36, and gains 3.44%. Gold rises slightly, 0.13% to $4,620 per ounce.
Already, Bitcoin is moving with drops of 0.66% to $93,356 per asset. Finally, in the Euro Dollar relationship, it lost 0.23% for the single currency to 1.1636 units.