MADRID 13 Nov. () –
The Ibex 35 left behind the opening losses and recorded a rise of 0.4% at midday this Wednesday, reaching 11,428.7 points, in a day marked by the publication of the Consumer Price Index ( CPI) of the United States corresponding to the month of October.
The main indicator of the Spanish market has started below 11,400 integers, the lows of mid-last September, although in the middle section it recovered that level in its attempt to appease the losses accumulated since Donald Trump’s electoral victory in the United States. since the indicator has fallen by more than 3% since the close of November 4.
According to Renta 4 experts, today’s session will be led on a ‘macro’ level by the US CPI for October, with an expected acceleration in the general rate and stability in the underlying rate.
This data and the official employment report for November will be 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.
Thus, in the middle section of trading this Wednesday, the biggest increases within the Ibex 35 were recorded by CaixaBank, which rose 1.73% due to the possibility of deducting its contribution to the La Caixa Foundation in the banking tax. , followed by Grifols (+1.55%), Solaria (+0.98%) and Inditex (+0.95%).
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 advanced 0.5% and the second rose 0.35% at midday this Wednesday.
On the other hand, the most notable decreases were for Puig (-1.85%), ACS (-1.67%), Cellnex (-1.08%), IAG (-0.98%).
The main European stock markets were opting for the positive sign at midday: London added 0.15%; Paris 0.28%; Frankfurt 0.29% and Milan 0.57%.
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 1.0615 ‘greenbacks’, 0.1% less than the day before, while in the debt market, the interest required on the bond At 10 years it climbed to 3.127%, with the risk premium with respect to the German bond at 74 points.
For its part, the troy ounce of gold rose by 0.4% and recovered the level of 2,600 dollars after the falls of recent days, while bitcoin fell 0.62% and was trading around $88,000.
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