The domestic selective has concluded with increases a day in which the banks have gained muscle, led by Banco Sabadell. Investors have opted for purchases in a session in which the rest of the European stock markets have registered general increases, with Puma leading the declines after falling by more than 16%, after having presented disappointing results. On the other side of the Atlantic, American markets are showing a mixed sign, with the S&P 500 renewing the all-time highs it achieved yesterday in the heat of the Stargate project and the rise of Netflix after its powerful results. Furthermore, attention has been focused on Donald Trump’s intervention in Davos, who has assured that he will demand a drop in interest rates and that he will ask Saudi Arabia and OPEC to lower the price of oil.
The Ibex 35 rises 0.92% to 11,991.5 unitsdriven by Banco Sabadell (+3.49%), in the heat of its return to Catalonia and the announcement of a dividend of 500 million euros, BBVA (+2.70%), Acerinox (+2.99%), CaixaBank (+2.64%), Banco Santander (+2.45%) and Enagás (+2.87%). On the contrary, Logista (-4.88%) has led the declines after Exane BNP Paribas has cut its recommendation, reducing the target price of the firm’s shares from 33 to 30.5 euros. They are followed by Solaria Energía (-4.53%), pressured by the temporary cancellation of emissions from wind energy contracts by Trump, and Grifols (-4.14%), a company that falls after it became known that Víctor and Ramón Grifols They are mentioned in a report from the Department of Financial and Corporate Information of the CNMV that Judge José Luis Calama has requested. Bankinter (-1.30%) has also traded lower after presenting results that have generated doubts among investors.
For their part, the rest of the European stock markets have recorded general increases. The German Dax 40 has renewed highs by rising more than 0.50% and standing close to 21,400 integers, driven by increases of more than 5% in Siemens Energy, achieved in the heat of the Stargate project presented yesterday by Trump. Besides, the EuroStoxx 50 has risen until exceeding 5,200 points, while the French Cac 40 has advanced until around 7,900 units. In parallel, the British FTSE 100 has advanced until sighting 8,600 points, while the Italian FTSE MIB It has climbed to close to 36,100 integers.
On a technical level, Joan Cabrero, Ecotrader analyst, expresses his surprise at the fact that “the Ibex 35 is showing itself to be so reluctant to overcome the resistance zone it finds in the highs of the past around 12,000/12,150 points“, since it is a resistance that many of its European counterparts have achieved. However, the expert believes that, despite this “weakness that could be temporary“, the Spanish selective “will continue to define an impeccable upward trend as long as it remains above the key support of 11,300 points.”
All this on a day in which attention has also been focused on Donald Trump’s intervention at the Davos Forum. There, the magnate has stated that will ask Saudi Arabia to invest a trillion dollars in the US and that, together with the OPEClower the price of oil which would allow, according to the Republican, to end the war in Ukraine. Subsequently, Trump has indicated that he will demand a reduction in interest rates from the Fed, indicating that the same should happen around the world.
This has put pressure the price of a barrel in Texas fell, going from falling by 0.07% to signing falls of more than 1%currently falling 0.86% to $74.79. For their part, the main US indices continue to trade mixed, although the Nasdaq 100 has moderated its cuts. Thus, the Dow Jones rises 0.57% to 44,409 points, the S&P 500 advances 0.15% to 6,095 points and the technological index falls 0.25% to 21,799 points. Furthermore, the performance of T-Note It rises three basis points to 4.6%, while gold, the safe haven value par excellence, falls 0.35% to $2,761.
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