14 and a half year highs: Ibex 35 closes at 12,000 points, approved by Telefónica.

Spanish shares continue to build on their good year on the stock market double-digit accumulated revaluation close to 19% since last January. And it was this day that investors chose to break through two levels.

The first is to mark a new yearly high or higher since the last one on September 27th. The second one is close to the edge magic level of 12,000 points after reaching a new intraday record above this level and do this upon completion for the first time since January 2010, that is For more than 14 and a half years new historical levels for the indicator.

The IBEX 35 thus regains ground, finishing the day up 0.56% to 11,996.70 points, consolidating its fourth consecutive trading session on the rise, supported by values ​​such as Telefónica 2.51%, Acciona 2.16% and ACS 2.13%, as well as falls in Mapfre 1.74%, Solaria 1.73% and BBVA 1.63%.

One of the main characters of the session, especially in the final part of the third stock market session of the week, was Telefonica. She leads the achievements of this session with the approval of the General Court of the European Union, which supports this decision. The European Union Intellectual Property Office (EUIPO) has announced the partial termination of the E.Plus trademark, which Telefónica Germany declared antiquity, citing its registration as a German trademark in May 1998.

Also a leading role for Puig, again in a negative light that seems to be infected by the pessimism that dominates the European luxury sector after lower-than-expected reports from French giant LVMH (following Christian Dior, Loewe and Kenzo among others). in the face of continued weakness in the Asian market and after tycoon Bernard Arnault’s French giant saw its first sales decline since the pandemic.

Banks, This time they did not accompany the Ibex 35 in growth, expecting what the market will depreciate tomorrow: the third cut in interest rates in the eurozone by the ECB after those that occurred in June and September of this year. Today we will also hear the previous words of Christina Lagarde, its President at the previous dinner, delivered by the one who will be hosting the Governing Council meeting this time, Bank of Slovenia.

Meanwhile, in its recommendations, JPMorgan raises the potential of Banco Santander to 5.9 euros per share, with a neutral recommendation and potential above 27%. And all this two weeks before the results were announced and on the day we learned that it had replaced Bankinter in the Bestinver portfolio.

Attention is also focused on another value at the highs, Iberdrola, which is approaching $100,000 market value of a company that has maintained an upward spiral since July last year when it reported results and expects to do so next week. Today with profit at closing.

The largest company Inditex also closed in positive territory. today with the support of Bernstein, who sees the potential to reach a value of 60 euros on the stock market with a possible growth close to 11%. An important value in portfolios right now because of its trajectory, and it could continue to do well, as independent analyst Roberto Moro noted this morning at Investment Strategies.

Already in Europe good form regarding utilities, energy and basic materials, despite the reduction in cyclical consumption, technology and non-cyclical consumption as part of the pan-European selection, but the greatest benefits today are expected in the market that has performed best on the Old Continent, FT 100 and this was reflected in the EURO STOXX 50: British American Tobacco, National Grid and AstraZeneca are the values ​​that rise the most, and those that fall the most pass, ASML again in a new session of cuts, LVMH and L’Oreal.

A big role, in addition to the continued decline of ASML after yesterday’s failure, is played by the results and LVMH gets them wrongthe largest European value after Novo Nordisk. China’s weakness is linked to the company and therefore marks a decline in sales in the last quarter due to lower demand in the Asian country, let’s not forget, its largest market. This is also the first event to occur since the pandemic.

Thus, at the market close, the EURO STOXX 50 index lost 0.77% to 4908 points, the CAC 40 index lost 0.40% to 7492 points, and the CAC 40 index lost 0.40% to 7492 points. Dax loses 0.96% to 19,448 points, and the session in London ends at FT 100 with an increase of 0.96% to 8328 points.

Wall Street is seeing a gradual recovery in indicators from smaller to larger. regaining shape to 43,000 as the Dow Jones rises. and a slight change towards positive or S&P 500 index almost no cuts Nasdaq, They also raised the Spanish indicator and talk about continued strength in the US market.

Here, too, business results rule. This Wednesday, the most expected by the market will be the quarterly reports of Morgan Stanley and Abbott Laboratories.

In Morgan Stanley’s case, it has managed to exceed market expectations through its asset management, trading and investment banking operations. Its shares rose 3.4% at market open.

Specifically, Morgan Stanley’s profit rose 32% to $3.2 billion, or $1.88 per share.vs. analysts’ expectations of $1.58. Revenue increased by 16% to 15.38 billion, which was also well above the expected 14.41 billion. A strong increase in the value of 7.5% leads to the fact that it reaches inter-year highs in the middle of the session.

Cooler was the reception for Abbott Laboratories, which was little changed in early talks despite slightly beating expectations, with earnings of $1.21 per share compared with expectations of $1.20, thanks to strong stock sales. your medical equipment. The company slightly raised its forecasts for the yearto $4.64 to $4.70 per share, down from the previous $4.61 to $4.71. Advances amounting to 1.15%.

At the end of trading on the Spanish stock market, the DOW JONES Ind Average added 0.41% to 42,914 points, the S&P 500 index rose 0.03% to 5,816 points, and the Nasdaq OMX Index fell 0.19% to 18,283. points.

Already in the fixed income sector, bond yields are falling with the Spanish 10-year rate reduced from 1.66% to 2.894%. and the bond falls more than 2% to 2.1765%. Spain’s risk premium fell again by 0.2% to 71.80 basis points.

As oil drops again the future price of a barrel of Brent will be $73.66. and down 0.81% and in West Texas down nearly 1% to $69.88. And gold futures rose 0.29% to $2,686 an ounce.

Bitcoin rises strongly in search of $68,000, rising 3.5% to $67,678, while the euro-dollar ratio falls 0.11% for the European single currency to 1.0879 units.