The Ibex 35 reaches its 2010 highs by rising 1.36% and sets its sights on 12,000 points

September 26 () –

The Ibex 35 closed this Thursday with an increase of 1.36%, reaching 11,953.2 points – unprecedented highs since January 2010 -, in a day marked by widespread increases in all the stock markets of the world and the publication of macroeconomic references such as the GDP of the United States.

The main indicator of the Spanish market has gone through the day in a positive sign and with a constant upward trend that has hardly been stopped at any time by any pause interval.

The stock market euphoria has occurred after this morning (in Spanish time) the central body of the Communist Party of China met and agreed to launch new stimulus measures in the country to achieve the target growth of 5%. Among the measures is an injection of one trillion yuan (127.84 billion euros) into the banks to increase their capacity to stimulate the economy.

Following this news, the Hang Seng closed up 4.16%, while the CSI 300 rose 4.23%. In Japan, the Nikkei index also caught the euphoria, rising 2.79%.

On the macroeconomic agenda this Thursday, the publication of the German Gfk consumer climate index in October stood out, which has improved when a worsening was expected, although it remains in negative territory.

In Spain, retail trade registered an increase in sales of 3.2% in August compared to the same month in 2023, a rate three tenths higher than the previous month and the highest since last February, as reported. this Thursday the National Institute of Statistics (INE).

In the afternoon, it was learned that the gross domestic product (GDP) of the United States experienced an increase of 0.7% in the second quarter, this is three tenths more than in the previous quarter, according to the third published estimate this Thursday by the Office of Economic Analysis of the Department of Commerce.

In annualized figures, US GDP between April and June rose 3% compared to 1.6% in the previous three months.

In the Spanish business arena, Grifols has once again gained prominence, given that the National Securities Market Commission (CNMV) announced yesterday, with the market already closed, that it has opened a sanctioning file for defects in its financial information and in its management reports. It also opened disciplinary proceedings against Gotham and General Industrial Partners.

For its part, BBVA will pay its shareholders on October 10 an interim dividend based on 2024 results of 0.29 euros gross per share, 81% more than a year before and the largest interim dividend in its history.

In line with this, in the context of BBVA’s hostile takeover bid for Banco Sabadell, the Catalan entity has replied to BBVA that it sees no similarities in the takeover bid now in contention with the merger process of CaixaBank and Bankia, which is why it estimates that The Competition ruling will not occur so quickly.

“The similarities with Bankia are not there, because Bankia was a retail bank. Furthermore, something happening before is not the same as something happening later. So we have to look at the concentration that exists now,” explained the CEO of Bankia. Sabadell, César González-Bueno. He has also argued as a difference with the Caixa and Bankia process that said operation was friendly, while this one is hostile.

The day before, Genç had argued that the National Markets and Competition Commission (CNMC) should authorize the merger between both entities in the first phase because the regulator would apply the same methodology as with CaixaBank and Bankia and at that time it was also closed in first phase.

On the other hand, the annual General Meeting of Avangrid shareholders has approved the acquisition by Iberdrola of 18.4% of the capital of the US subsidiary that it does not own through a merger operation, the energy company reported.

Likewise, it is worth noting that Europastry plans to debut on the stock market on October 10 with a price of between 15.85 and 18.75 euros per share, according to the prospectus that the company has sent to the National Securities Market Commission ( CNMV) this Thursday and that the supervisor has approved.

The market will also be attentive to the statements of the main figures of the European Central Bank (ECB) and the Federal Reserve (Fed) of the United States.

In this way, Grifols has been the main value of the Ibex (+4.72%), ahead of ArcelorMittal (+4.64%), Banco Sabadell (+3.61%), Puig (+3.57%) , CaixaBank (+3.29%), Fluidra (+3.03%), BBVA (+3.03%) and Banco Santander (+2.54%).

Only five stocks have concluded negative: Repsol (-0.94%), Telefónica (-0.56%), Redeia (-0.34%), Acciona Energía (-0.19%) and Endesa (-0. 05%).

The notable revaluations have been the common denominator in Europe: the British FTSE 100 has advanced 0.2%; the Italian FTSE MIB, 1.68%; the German DAX, 1.69%; and the French CAC 40, 2.33%. For their part, Wall Street indices registered increases of half a point at closing time in Europe.

At that same time, a barrel of Brent stood at $72.1, 1.85% less, while West Texas Intermediate (WTI) reached $68.25, 2.07% less.

For its part, the yield in the secondary debt markets of the Spanish sovereign bond with a maturity of 10 years has closed at 2.957%. In this way, the risk premium (the differential with the German bond) has stood at 78 points.

In the currency markets, the euro appreciated 0.37% against the dollar, reaching 1.1174 ‘greenbacks’ for each unit of the community currency.

The ounce of troy gold rose by 0.4%, to $2,666 – it has reached a historic intraday high of $2,688 -, while bitcoin appreciated by 3%, to 65,500 ‘greenbacks’ .