MADRID 21 Nov. () –
The Ibex 35 finally closed this Thursday’s session with an increase of 0.19%, reaching 11,611.7 points, in a day marked once again by the escalation of the war in Ukraine and by the vote in the Congress of the tax reform that fundamentally affects the tax on multinationals and the tax on banks, since the tax on energy companies has been postponed, although subject to a commitment on its application.
The selective of the Spanish stock markets and markets has traded negative for much of the morning, reaching close to 11,500 points. However, in the final stretch of the negotiation it has rebounded to close in ‘green’.
On a broader level, investors’ attention remains focused on geopolitical risks, after Ukraine’s decision to launch the first long-range missiles of American origin against Russia and with Russia’s parallel warning to the United States and its allies that this situation could lead to direct conflict.
In line with this, the kyiv government denounced this morning that Russia has launched the first intercontinental ballistic missile against its territory.
Under the Spanish macroeconomic umbrella, the law on the tax on multinationals imposed by the European Union, to which part of the fiscal package that the Government had announced has been added, has reached its last votes in Congress this Thursday, being finally approved with the support of PSOE, Sumar, ERC, Junts, Bildu, PNV, Podemos, BNG and Canarian Coalition.
For its part, the Public Treasury has placed 4,081.3 million euros this Thursday in a medium and long-term debt auction, which includes ‘green bonds’, and has done so by cutting the profitability offered to investors by this reference of ecological financing, according to data published by the Bank of Spain.
Regarding the business panorama, Iberdrola and Repsol have gone this Thursday to the Commercial Court number 2 of Santander in the lawsuit filed by the electricity company against the oil company for “unfair competition” and “misleading advertising”, in the first trial between companies for ‘ greenwashing’ Spain.
In this context, Acerinox has been the main bullish company (+2.61%) upon completing the purchase of Haynes, followed by IAG (+1.58%), Puig Brands (+1.48%), Bankinter (+1 .21%), Mapfre (+1.17%) and Sacyr (+1.06%).
On the opposite side were Colonial (-1.96%), Solaria (-1.88%), Merlin (-1.65%), Cellnex (-1.62%), Telefónica (-1.41%) , Endesa (-1.39%) and Redeia (-0.71%).
In the rest of the European markets it has also closed positively. London is up 0.79%; Paris, 0.21%; Frankfurt, 0.74%; and Milan, 0.20%.
At the close of the European market, a barrel of Brent rose 1.24%, to $73.71, while West Texas Intermediate (WTI) stood at $69.67, up 1.35%.
In the debt market, the yield on the Spanish bond maturing in 10 years has stood at 3.042%, from 3.062% recorded at the close of Wednesday. In this way, the risk premium against German debt has advanced to 72.5 basis points.
For its part, the euro depreciated 0.71% against the dollar at the close of the European stock market, reaching 1.0469 ‘greenbacks’ for each unit of the community currency.
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