The Spanish Variable Income closes an erratic week, marked by total volatility and uncertainty, With lead falls and recoveries not seen in three years in percentage due to the comings and coming of the statements and decisions of Donald Trump. The US president sees how today China elevates tariff tone about United States products up to 125%while the world’s first economy begins the results season with a bittersweet taste.
On the one hand with The good tone that banks mark In figures that exceed the expectations of Wall Street the current data, such as Lto wholesale inflation marks figures clearly down for the first time in 17 months. And on the other, the bad in what to expectations refer.
The inflation data that advances the consumer survey of the University of Michigan reveals inflation levels that are expected to be 6.7% the worst since November 1981 and the statements of the first executives of JPMorgan Chase or Blackrock talk about falls in the expectations of the results of 5% for the companies of the S&P 500 for the tariffs or of the entry already in recession or in the recession.
This panorama leads to extreme volatility, making trading delights but leading companies to the highest doubts, in what the CNBC, for example, qualifies as «The wildest market in history.»
In this environment, the IBEX 35 closes the week with decreases of 0.18% to 12,286 points, with losses for fluidra 4.82%, IAG (Iberia) 2.70% and Ferrovial 2.55% and profits for companies such as Solaria 3.62%, Unicaja 2.74% and Endesa 1.89%.
As for news, it should be noted that the oil company Repsol is about minimal. Today it has been HSBC’s turn, which has cut the objective price of Repsol up to 11.50 euros per share, compared to the previous 13 euros. The recommendation continues to ‘keep’. Despite the cut, the new assessment of the British firm represents a bullish potential of 17.78% compared to yesterday’s closure.
In addition, the Ordinary General Meeting of Shareholders of Caixabank has approved all the agreements submitted to the vote, among which is the distribution of the complementary dividend of 0.2864 euros per share charged to the results of 2024, which will be paid on April 24, 2025.
This second payment, together with the dividend on account of 0.1488 euros gross per share paid last November, Raises remuneration to the cash shareholder for exercise 2024 to 0.4352 euros gross per share. This implies an increase in the annual gross dividend per action of 11% compared to 0.3919 euros gross per share of the previous year.
And Barclays analysts cut the objective prices of Merlin and Colonial, although they still see a bullish potential of more than 30% in the first of them. The British firm has decided to cut the target price of Merlin Properties to the 12 euros per actioncompared to the previous 14.6 euros. Despite this cut, the new assessment is a Alcista potential of 32.8% Facing the closing of yesterday Thursday.
Barclays also cuts the target price of colonial real estate, and leaves it in the 5.20 euros per sharecompared to the previous 5.90 euros. In this case, the cut assumes that the British firm no longer sees practically potential in Socimi.
Already in the rest of Europe, at the end of Friday, the Euro Stoxx 50 lowers 0.55% to 4,792 points, CAC 40 loses 0.30% to 7,104 points, the Dax trim 0.99% to 20,391 points, and the session in London ends to el FT 100 with profits of 0.59% to 7,960 points.
In Wall Street, the neuralgic center of world bags offer lime and sand in a new session of extreme volatility, with constant changes of sign and without setting any trend for the main indicators, which, however, and except last minute storm, will close the week positively.
Today prominence for the results with the banks that formalize the beginning of the season, with JPMorgan Chase has presented Income of $ 5.07 per share on income of 46,010 million dollars exceeding 44,110 million dollars expected by analysts.
Blackrock recorded a drop in its first quarter on Friday, since the world’s largest asset manager was affected by the increase in expenses to 3,580 million dollars. The adjusted benefit of the quarter amounted to $ 11.30 per share, compared to $ 9.81 per share a year ago, while assets under New York firm management increased to 11.58 billion dollars.
Already from Wells Fargo publishes results that are very liking the market. Its net income of the first quarter increased 6% compared to the year prior to 4.9 billion dollarsexceeding the 4,000 million dollars waiting for Wall Street. The bank reported earnings per share of $ 1.39 for the quarter; The analysts had predicted $ 1.23. The income was $ 20.15, 3% less than the previous year and did not reach 20.72 billion expected dollars.
And Morgan Stanley, raises its quarterly results above expectations, with profits per share of $ 2.60 compared to the 2.20 expected, compared to the revenues of 17,740 million dollars while the market was waiting for revenues of 16,580 million.
The figures, as we have indicated are mixed with Wholesale inflation that drops four tenths in April for the first time in 17 months, But with the consumer confidence data of the University of Mischigan, an advanced fact, which mark, as far as prices are concerned, that consumers expect The highest level of inflation since November 1981, of 6.7%.
In this way, at the close of the Spanish market, the Dow Jones, drops to half a session by 0.60% to 39,374 points, the S&P 500 cuts 0.55% to 5,238 points and the Nasdaq OMX drops 0.53% to 16,301 points.
In fixed income, mixed tone with The 10 -year Spanish bond, with falls of 0.45% to 3,289% that marks its profitability, While the German Bund has more bulky cuts, of 1.76% to 2,5385%. The Spanish risk premium rises 1.71% to 74.55 basic points.
In raw materials, he Petroleum futures rises slightly in the case of Brent, Reference in Europe, 0.17% to $ 63.42, while West Texas places its price at $ 60.14 while moving 0.13%.
Gold, registered, for the second consecutive day its best progress since April 2020, with, in addition to new historical maximums, while reinforcing as an active refuge, up to $ 3.255 a barrel with advances of 2.41%.
Bitcoin already earns more than 4% to 82,024 dollars per active.
The Euro Dollar ratio maintains again, as happened yesterday, bulky profits, 1.28% to the level of 1,1330 units.