MADRID 19 Nov. () –
The Ibex 35 registered a correction of 1.5% at midday this Tuesday, reaching 11,501.3 points, after the inflation data in Europe was released and a significant battery of announcements from the business world, on a day in which CaixaBank put strong pressure on the selective by falling 5%.
Within the macroeconomic agenda, this Tuesday it was announced that the interannual inflation rate of the eurozone stood at 2% in October, three tenths above the rise in prices observed in September and in line with the stability goal. of the European Central Bank (ECB), as confirmed by Eurostat.
In the European Union (EU) as a whole, the year-on-year inflation rate in October reached 2.3%, compared to a price increase of 2.1% in September.
Under the Spanish business umbrella, CaixaBank presented this Tuesday its new strategic plan for the years 2025 to 2027, and in it it commits to doubling its growth rate in loans and achieving a return on tangible capital (ROTE, for its acronym in English). ) greater than 15%.
The bank has also reported that it will begin the share buyback program that it announced on October 31, for an amount of 500 million euros.
Iberdrola, on the other hand, today issued green bonds of 750 million Australian dollars (about 460 million euros) to finance the company’s renewable development in Australia. The company has highlighted that it was the first non-financial Spanish company to launch an issue in this market called ‘kanguroo’.
In addition, Endesa will boost its investments for the period 2025-2027 to the record figure of 9.6 billion euros, which represents an increase of almost 8% with respect to the previous ‘roadmap’, to address the opportunities presented by the energy transition, according to the company’s new strategic plan.
For its part, eDreams Odigeo has informed the National Securities Market Commission (CNMV) that it registered a net profit of 1.3 million euros during its first fiscal semester 2025, ended on September 30, compared to the ‘numbers reds’ of 1.6 million in the same period last year, while Solaria earned 57.09 million euros in the first nine months of the year, which represents a drop of 34% compared to the same period of the previous year.
On the other hand, the board of directors of Grifols will meet in an extraordinary manner this afternoon to analyze the information received from the Canadian fund Brookfield Asset Management, which is studying an offer of 10.5 euros per share, although it recommends to the shareholders of Society does not support this price, which means valuing it at 6,450 million, considering it low.
“A potential offer at this valuation level would significantly undervalue the fundamental prospects of the company and its long-term potential,” the company said in a statement sent to the National Securities Market Commission (CNMV).
Continuing with the news surrounding the Catalan company, the National Court has agreed to investigate Gotham City for spreading misleading information to lower Grifols’ shares.
At the national level, the Congressional Finance Commission has approved the bill that includes a new global minimum tax of 15% on multinational companies, but without including the permanence of taxes on banking and energy.
In the middle section of trading this Tuesday, the biggest declines within the Ibex 35 were recorded by Solaria, which lost 7.2%, followed by CaixaBank (-5.03%), Amadeus (-3.51%). , Banco Sabadell (-3.33%), Bankinter (-3.12%) and Unicaja (-2.8%). Other important stocks such as Banco Santander (-2.55%), BBVA (-2.46%) and Inditex (-1.9%) also fell sharply.
On the other hand, the most notable increases – less than ten stocks managed to advance at midday – were those of Merlín Properties (+1.9%), Puig (+0.65%) and Endesa (+0.6%).
The main European stock markets also suffered considerable falls at midday: London was down 0.37%; Frankfurt 1.16%; Paris 1.2% and Milan 2.04%.
At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 72.95 dollars, 0.48% less, while Texas fell 0.61%, to 68 $.74.
In the currency market, the price of the euro against the dollar depreciated by 0.45%, to 1.0552 ‘greenbacks’, while in the debt market, the interest required on the 10-year bond was It relaxed to 3.02%, with the risk premium with respect to the German bond at 71 points.
The troy ounce of gold rose 0.8% and was trading at $2,632, while bitcoin rose 0.3%, to trade above $91,500.
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