The IBEX 35 closed with falls of 0.50%, at 12,011.50 points. Leading the falls is Inmobiliaria Colonial, which fell 3.20%, followed by MERLIN Properties, which lost 2.38% and Aena 1.37%. Among the advances, Acerinox stands out, which scores 2.51%, compared to Puig’s 2.42%.
The Madrid selective faced this session after a week in which it rose 3.70%, reaching levels that it had not seen for more than 14 years. Of course, on Friday it closed lower, weighed down by Puig and the banks.
Among the business news of the day, Indra, as published by El Confidencial, has received offers for Payments and is rethinking the 600 million operation. Cinven and Evertec, the two main candidates, present binding offers for the division with payments much lower than the preliminary ones.
On the other hand, it has been selected by the authorities of Georgia, United States, to deploy its traffic and toll technology in Atlanta. It will be the technological partner of the SR 400 Peach Partners consortium, formed by ACS Infrastructure Development, Acciona and Meridiam.
Iberdrola obtains the production license for a wind farm in Portugal. The total investment will be close to 350 million euros, with an installed capacity of 274 MW and production of 601 GWh per year. The project is part of the agreement signed with the Norwegian sovereign fund, managed by Norges Bank Investment Management.
On the other hand, Redeia proposes to the Government to become the monopoly of the marine electrical network, according to El Economista, who also reported that MERLIN Properties rules out growing in Madrid Nuevo Norte and focuses on data centers.
Regarding the Continuous Market, Técnicas Reunidas obtains 18 million euros to finance its digitalization plan. Of these, 14 million euros are part of the second phase of the Recovery, Transformation and Resilience Plan (PRTR) financed by the Next Generation funds of the European Union.
In the area of analyst recommendations, today Repsol is the protagonist after JP Morgan cut its advice on the oil company to ‘underweight’, from the previous ‘neutral’. On the other hand, Bernstein reduces Grifols’ target price to 21.50 euros from the previous 22.
In addition, BofA Global Research is taking its look today at the telecommunications sector, increasing Telefónica’s target price to 4.30 euros from 4.20 and Cellnex’s to 41.50 euros from the previous 41.
Eye on the ECB
In the macroeconomic agenda today we have known the December Sentix Eurozone Investor Confidencewhich falls to -17.5 in December from -12.8 in November, the lowest level since November 2023.
All attention is focused on the Thursday’s meeting of the European Central Bank. “In recent weeks there has been much speculation about the possibility that, given the weakness of the Eurozone economy, specifically that of its three largest countries: Germany, France and Italy, the ECB could decide to lower its rates. reference by half a percentage point,” he transfers Juan J. Fernández-Figares, from Link Securities. “However, and in our opinion, the recent behavior of inflation in the region, with services showing great downward resistance, will force the members of the Council to be less aggressive and limit their action on rates to a reduction of a quarter of a percentage point.”
With a market that remains waiting for this Thursday’s meeting, the European stock markets close the session this Friday with the German Dax falling 0.04% to 20,376 points, the French CAC 40 rises 0.72% at 7,480 points, the FTSE 100 in London adds 0.50% at 8,350 points, the FTSE MIB subtracts a 0.53% at 34,567 points, while the EURO STOXX 50 gained 0.15% to 4,985 points.
Wall Street opened today with the Dow Jones rising a slight 0.01% to 44,648 points, the S&P 500 fell 0.13%, to 6,082 points, and the NASDAQ It fell 0.28% to 19,803 points.
In Asia, the stock markets have been affected by the sharp fall of the Kospi from South Korea, which has dropped 2.78%. In Japan, the Nikkei index managed to end in green, with an increase of 0.22% to 39,154.50 points.
In China, the CSI 300 gives a slight 0.17% and the SSEC 0.05%, on a day in which it was known that consumer inflation in China reached its lowest level in five months in November, due to the decline in fresh food prices and the persistence of deflation in factories, suggesting that Beijing’s recent efforts to shore up economic demand are having limited impact.
Regarding fixed income, the reference 10-year Spanish bond offers a yield in the secondary market of 2.749%, which leaves the risk premium with respect to its German counterpart at 63.40 points. On the other side of the pond, the 10-year US bond obtains a yield of 4.189%.
Already in the raw materials market, the oil prices They are trading higher as the overthrow of the al-Assad regime in Syria has plunged the oil-rich Middle East region into greater uncertainty. Added to this are expectations of greater demand from China, the largest importer, given the country’s plans to carry out a “moderately lax” monetary policy next year.
In this way, the Brenta benchmark in Europe, added 1.8% to $72.39 per barrel, while West Texas Intermediate oil futures rose 2.1% to $68.64 per barrel.
The Euro Dollar rises 0.23% at the close of the session, establishing the exchange rate at 1.0592 dollars for each community currency. Reviewing the main cryptocurrencies, Bitcoin falls 2.3% in the last 24 hours to $97,653, while Ethereum falls 4.7% to $3,808.