The IBEX 35 closes with increases of 1.34% at 11,808.20 points. The increases are led by BBVA, which scores 4.57%, followed by 4.13% from Banco Sabadell and 3.44% from Banco Santander. On the decline side, Solaria fell sharply, 5.01%, while Acciona Energías Renovables fell 1.40%.
The Madrid selective came from a session, that of Friday, with timid falls, where it lost 0.22%. After the first two days of the year, the index faced the day stabilized at 11,600 points, with a cumulative increase of 0.36%.
In the business section, The banks have led the day’s rush on the Ibex 35with Sabadell and BBVA at the helm. Precisely these two entities made the headlines after we learned on Friday that Royal Decree-Law 9/2024, approved by the Council of Ministers in December, includes a modification to Law 7/2024, which regulates what is known as “tax” on the banks.
This change establishes that the full fee that banks must pay will increase by 15% in cases of acquisitions of credit institutions that imply the extinction of those acquired, as could happen with BBVA’s possible Hostile Takeover of Banco Sabadell.
Earlier in the day, El Economista reported that Repsol is presenting 12 projects in the state of New York. According to the information, Repsol seeks to develop around 1.4 GW in solar projects in the coming years in that region.
Mainly, the developments would be inherited from ConnectGen, and by adding the promotions of both companies, the portfolio would rise above 2 GW.
On the other hand, Acciona is awarded the construction of a new freight port in the Pilbara region, in Western Australia. The project has a total budget of 662 million Australian dollars (400 million euros).
Regarding the analysts’ recommendations, bad news for the value that leads the falls of the day, since UBS cuts Solaria’s target price from 14 euros to 10.05 euros per share. Even so, the value still has an upward potential of more than 18%, according to the Swiss firm.
The macroeconomic agenda of the day came with some references of some importance. First of all, we have known the indices PMI services and compounds from Spain, Germany, Eurozone, United States, China and Japan.
Among the most notable data, Spain’s composite PMI shot up to 56.8 in December, above 53.2 in November, being the greatest growth in private activity since March 2023. Meanwhile, the Eurozone services PMI for December is revised slightly upwards to 51.6, from the preliminary reading of 51.4, and up from 49.5 in November.
In addition, it has also been published Germany advance CPIwhich increases to 2.6% in December, from 2.2% in November, two tenths more than expected.
From Link Securities, Juan J. Fdez-Figares pointed out before knowing the data that it was expected that, as a consequence of the negative impact on its behavior of base effects on energy prices, “German general inflation has accelerated, as was seen last week that has occurred. in Spain and Portugal.”
It will not be until Friday when the macro data most anticipated by investors will be released, which includes the non-agricultural employment report for the month of December, which will be published by the US Department of Commerce.
Europe, Wall Street and other markets
With a market that has been processing these figures throughout the day, the European stock markets close the session this Friday with the German Dax rising 1.58% at 20,222 points, the French CAC 40 scores 2.28 % up to 7,447 points, the FTSE 100 in London adds 0.28% to 8,247 points, the FTSE MIB adds a 1.86% at 34,763 3 points, while the EURO STOXX 50 advances 2.35% at 4,986 points.
Wall Street opened today with the Dow Jones rising 0.33% at 42,856 points, the S&P 500 gained 0.74% to 5,986 points, while the NASDAQ 100 advanced 1.14% at 21,569 points.
In Asia, the main indices were trading lower this Monday, with the Japanese Nikkei returning to activity and losing 1.47%.
In China, the CSI 300 fell 0.16%, while the Shanghai SSEC fell 0.14%. Hong Kong’s Hang Seng loses 0.36%. For its part, the South Korean Kospi is the only one of the major Asian indices that rises, with increases of 1.91%.
Regarding fixed income, the reference 10-year Spanish bond offers a yield in the secondary market of 3.117%, which leaves the risk premium with respect to its German counterpart at 65.85 points. On the other side of the pond, the 10-year US bond obtains a yield of 4.627%.
Already in the raw materials market, oil prices They are rising slightly again, while remaining at their highest level since mid-October, as cold weather spurs buying, while expectations of tightening sanctions on Iranian and Russian oil exports provide further support.
In this way, the Brenta benchmark in Europe, rose 0.14% to $76.62 per barrel, while West Texas Intermediate oil futures rose another 0.1% to $74.04.
The Euro Dollar recovers some ground and rises 0.79%, establishing the exchange rate at 1.0389 dollars for each community currency. Reviewing the main cryptocurrencies, Bitcoin advances 4.4% to $102,358, while Ethereum adds 2.75% to $3,732.