The Ibex 35 closes practically flat (-0.05%) and remains at 11,300 after the United States CPI

MADRID 13 Nov. () –

The Ibex 35 closed practically flat, with a slight fall of 0.05%, which brought it to 11,377.1 points, after learning that the October CPI in the United States stood at 2.6% in its interannual rate, two tenths more than in September.

The first reaction of the Madrid selective to the CPI data has been a drop of up to 0.76%, even falling to the level of 11,200 integers, although it has finally risen around 4:30 p.m., an hour earlier closing, and has moderated its decline to 0.05%. On the other hand, it has not managed to consolidate the 11,400 points that it reached in the first part of today’s session.

This data and the official employment report for November are the two most relevant references to determine whether the Federal Reserve (Fed) lowers rates or not at its meeting on December 18, the entity’s analysts have advanced; At the same time, since the United States elections, the market has eliminated the prospect of two Fed rate cuts between now and the end of 2025, since the inflationary impact of Trump’s policies now enters the equation.

In the Spanish business field, still marked by the season of business results, Audax Renovables has reported before the opening of the market to the National Securities Market Commission (CNMV) that it obtained an attributable net profit of 45.5 million euros in the first nine months of the year, a figure that multiplies by two (+97.4%) the profits of 23 million that it registered in the same period of 2023.

The Spanish energy group with 100% renewable generation has also announced that it will carry out a bond buyback program of up to 50 million euros.

Siemens Energy, for its part, recorded net attributable profits of 1,184 million euros in fiscal year 2024, compared to the losses of 4,532 million euros to which it was faced last year due to the hole caused by the problems of several platforms of its subsidiary Siemens Gamesa, which has managed to contain, however, its ‘red numbers’ by 59%, up to 1,781 million euros.

For its part, ACS reported yesterday at the close of the market that it obtained an attributable net profit of 605 million euros in the first nine months of the year, which represents an increase of 5% compared to the same period of the previous year, thanks mainly to the good advance of Turner, the American subsidiary that it wants to promote in Europe.

In addition, Merlin Properties has highlighted that it is studying different scenarios and contingency plans, in defense of its shareholders, clients and employees, “without excluding any legal possibility within its reach” in case the suppression of the special tax regime for SOCs is finally consummated. agreed between PSOE and Sumar.

It should be noted that yesterday the CNMC announced that it will take BBVA’s takeover bid for Banco Sabadell to phase 2, which extends the operation’s calendar: the first entity has closed with a decrease of 0.40%, while the second has fallen 0.23% on the stock market.

Thus, at the close of the session, the biggest increases within the Ibex 35 have been those of Grifols (+2.21%), Solaria (+2.02%), Colonial (+1.54%), Fluidra (+1 .25%), CaixaBank (+1.18%) and Inditex (+0.95%). On the other hand, the largest decreases have been those of Cellnex (-2.43%), Puig (-1.88%), ACS (-1.62%), Bankinter (-1.05%), Aena ( -0.96%) and Acciona (-0.90%).

The main European stock markets have closed with a mixed sign: while London has risen slightly by 0.06% and Milan by 0.30%, Frankfurt and Paris have lost 0.16% and 0.14%, respectively.

At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 72.38 dollars, 0.7% more, while Texas rose 0.71%, to 68 $.62.

In the currency market, the price of the euro against the dollar stood at 1.0565 ‘greenbacks’, 0.01% less than the day before, while in the debt market, the interest required on the bond For 10 years it remained at 3.111%, with the risk premium with respect to the German bond at 75 points.