May 13. () –
The Ibex 35 has reversed the losses it has recorded for most of the day and has managed to close with an advance of 0.42%, reaching 11,152.0 points, in a transition session for the markets marked by the scarcity of important macroeconomic references and the scarcity of business results.
The week will revolve around inflation data on both sides of the Atlantic: on Wednesday the CPI for April will be released in the US, while on Friday it will be the eurozone’s turn. Regarding the first, the market expects a “slight moderation” in the underlying rate, standing at 3.6% in the interannual rate and in the general rate, up to 3.4%, according to Renta 4 analysts.
In today’s session, the elections in Catalonia stand out in Spain, where the PSOE has been declared the winner ahead of Junts. In addition, investors will continue to pay attention throughout the week to how BBVA’s hostile takeover bid (OPA) for Banco Sabadell evolves.
Regarding this last point, BBVA would not be worried that Sabadell’s complaint to the National Securities Market Commission (CNMV) will affect the takeover bid, as market sources have informed Europa Press. Banco Sabadell today closed with a slight decrease of 0.19%, while BBVA advanced 0.14%.
On a business level, Almirall reported before the market opened this Monday that it obtained a net profit of 7.4 million euros in the first quarter of the year, a figure 3.9% lower than that of the same period of 2023.
With the market closed in Spain, Colonial has reported that it closed the first quarter with a net profit attributable to the group of 54.5 million euros, 96% more than in the same period last year, while the net profit recurring was 47.1 million, 25% more.
On the other hand, S&P Global Ratings has confirmed Grifols’ credit rating at ‘B’ and has withdrawn surveillance with negative implications after obtaining €1 billion in financing and issuing a redemption notice to existing holders, following attacks by the Gotham City Research bearish fund.
In fact, the biggest increase today in the Ibex 35 was recorded by Grifols, with an advance of 4.08%, followed by IAG (+2.65%), Sacyr (+2.28%), Meliá (+1.87 %), Amadeus (+1.45%) and Ferrovial (+1.33%). On the other hand, the biggest falls have been those of Fluidra (-2.75%), Cellnex (-1.28%), Acciona (-1.07%), Endesa (-0.86%), Enagás (- -0.76%) and Acciona Energía (-0.64%).
The main European markets have closed, however, with drops: London has lost 0.22% in the session, Frankfurt, 0.16%, and Paris, 0.12%. Only Milan has risen 0.46% at closing.
The price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.35% at the same time, to 83.07 dollars, while Texas stood at 78.76 dollars, 0. 64% more.
In the currency market, the price of the euro against the dollar strengthened by 0.24%, to 1.0797 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond fell to 3,300%, with the risk premium (the differential with the German bond) at 79 points.
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