Ibex 35 wants to make 10,000 people fall in love with him again, with help from Grifols
The Ibex index jumped 0.20% to 9,944.90 points in a session in which all eyes will be on eurozone GDP. The most optimistic values are for Grifols (1.30%), Solaria (0.89%) and Indra (0.88%). But there was a sharp drop in Mapfre (-3.58%), Acerinox (-0.87%) and Melia (-0.80%). In banking, it’s half and half: Santander, Bankinter and BBVA help a select few get closer to 10,000.
The Spanish stock market closed yesterday in the midst of a sharp decline on Wall Street, holding 9,900 points but down 0.59% to 9,925.40. This Wednesday, after suggesting the Fed will take more time to cut rates, the IBEX 35 index will recover slightly to open 0.20% higher at 9,944.90 points. The greatest growth is observed in Grifols (1.30%), Solaria (0.89%) and Indra (0.88). But Mapfre (-3.58%), Acerinox (-0.87%) and Melia Hotels (-0.80%) saw a sharp decline.
half of Ibex banks are also marked in green: Banco Santander (0.76%), Bankinter (0.72%) and BBVA (0.11%). In turn, shares of Banco Sabadell fell by 0.38%, Caixabank – by 0.25%, and Unicaja – by 0.11%.
Business growth The Grifols arrive after announcing their positive preliminary results from Biotest’s Phase 3 clinical trial with fibrinogen this morning. In particular, Biotest’s fibrinogen concentrate (CF), BT524, achieved the primary goal in the AdFIrst clinical trial, demonstrating its efficacy in the treatment of acquired fibrinogen deficiency (AFD) to be equivalent to standard of care while maintaining excellent safety. profile. The regulatory approval process is expected to begin in Europe and the US in the fourth quarter of 2024.
On the other hand, Mapfre’s fall comes after FY 2023 results were reported this morning ahead of the market open, which show net net profit in 2023 was €692 million.. The figure includes a €75 million goodwill impairment charge in the US, the National Securities Market Commission (CNMV) said. Without this unusual event, profits would have risen to €767 million, up 19.4% from 2022. In addition to the 7.7% increase, Mapfre announced that it would propose to the board a 5.9% increase in its additional dividend.
Banco Santander says an internal review found no violations of US sanctions against Iran, Reuters reports.
Indra completes acquisition of Global Training Aviation, receiving 100% of its equity.
According to the newspaper Expansión, Hungary is calling on Spain to facilitate the takeover bid for Talgo.
Other markets
V european bagsThe DAX lost just over one percentage point to 16,856.03, the FTSE -100 fell 0.3% to 7,550.94, the CAC-40 fell 0.11% to 7,616.62, the Eurostoxx 50 fell up just over a tenth to 4,684.25 points. and the FTSE MIB fell more than a percentage point to 31,136.
From the macroeconomic side, UK CPI It remains at 4.0% in January, below expectations. A Reuters poll of analysts forecast the consumer price index to rise 4.2% year on year in January. The changes in December were identical to those in January.
Germany could significantly cut growth forecasts for this year next week. According to Reuters sources, the decline will range from 1.3% to 0.2%.
Asian stock markets index Japanese Nikkei fell from 34-year highs, hit by a sharp fall on Wall Street on Tuesday. Only Hang Seng showing positive signs with growth of 0.9%. For its part, the index Top MSCI stocks in Asia PacificThe index, which excludes Japan, fell 0.3% and would fall for a fifth day in a row. Even the Japanese index Nikkei It avoided a fall and fell 0.6% after rising 2.9% in the previous session to top 38,000.
Yesterday’s session of major cuts in US stock markets after better-than-expected inflation data lifted US Treasury yields and quashed market speculation about an imminent interest rate cut. The S&P 500 lost 1.37% to 4,953.17 and the NASDAQ 100 fell 1.58% to 17,600.42. India’s DOW JONES fell 1.35% to 38,272.75. In this Wednesday, US futures are trading higher from 0.10 to 0.35%.
Oil futures are improving following a report from OPEC, which highlights that oil demand will continue to rise unchanged from the previous year, both this year and next, with more upside potential. Global demand will increase by 2.25 million barrels per day in 2024 and to 1.85 million in 2025. For its part, the US industry reported that crude oil inventories rose more than expected last week. At that time Brent the European benchmark rose 0.21% to $82.94, while West Texas It rose 0.17% to $72.
In the foreign exchange market, the Euro-Dollar was trading flat at $1.0714, while Bitcoin slipped below the $50,000 level and fell marginally 0.40% to $49,822.7.
In the fixed income market, the yield on 10-year Spanish bonds falls to 3.327%.
V today’s macro program, We have data on industrial production, employment and GDP for the eurozone. In the UK, we already know the consumer price index data for January. And in the USA, MBA mortgage applications.
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