Ibex 35 joins the rise on Wall Street and maintains 11,800 points ahead of the US elections.
Spanish stock market It hits positive integers at the close thanks to the balsamic effect of the rise on Wall Street. Of course, with movements that occur in very narrow ranges, and this is similar to what was observed, with the exception of London, in the rest of the stock markets of the Old Continent.
The day when the main indicator of the Spanish stock market He only approved the level of 11,800 points, a level of laterality that it has virtually maintained, with fluctuations up or down 200 points since it marked its last yearly highs and which coincide with those of the last 14 years, on October 16, reaching the 12,000 mark.
On the day the last polls failed to win the level of almost technical communication maintained by White House candidatesVice President Kamala Harris and former President Donald Trumpeven in articulated states or Oscillating states where everything is played, particularly focused now on what’s happening in Pennsylvania.
Giving a little more rhythm to gains in the final half hour of trading, the IBEX 35 index closed the session up 0.29% at 11,839.20 points, with the likes of Unicaja up 1.84%, Repsol up 1.70% and Bankinter . 1.63% and drops in the likes of Puig Brands B 1.86%, Cellnex 1.42% and Laboratorios Rovi 1.42%.
In the news, another great day of instability for Grifols in the face of a takeover bid prepared by the founding family and Brookfield. Today Confidentially assured that Morgan Stanley will convene the Grifols board of directors to evaluate the takeover bid in a crucial week. According to sources cited by this newspaper, the Canadian fund will soon decide whether to continue its intentions to take control of the Catalan company and, above all, what price it will offer to minority shareholders.
Ferrovial company reported this. The interim dividend, which will be distributed in December, will amount to €0.4597 per share. existing dividend of €0.01 at par, representing an increase of 7.4% compared to the dividend paid last year, which was €0.428. Thus, starting December 13 next year, the company will pay cash dividends and issue new company shares.
In terms of analyst recommendations, BBVA gains followers following its reports thanks to improved target prices from Barclays, RBC and Oddo: its upside increases to 36%. There’s also good news for IAG, which expects Morgan Stanley to increase its potential to 26%.
Of particular note is one of the big selection heavyweights, Iberdrola, which is receiving a target price increase from HSBC that, if achieved, would mean the electricity company’s market value would exceed €100 billion.
The rest of Europe is already in a contentious but wait-and-see session over which companies are at stake in the US presidential election, with an eye on Donald Trump and his tariffs that could impact many companies or the clean energy sector. even in the oil industry without winning election to the White House.
Thus, the Euro Stoxx index showed a balanced growth between the increase industrial, technological and financial valuesbefore major healthcare cuts and, to a lesser extent consumption, both cyclical and non-cyclical.
As for companies, the increase Safran, Abb and Schneider Electricdespite the cuts that occur on Tuesday in values such as AstraZeneca, Basf and Roche.
At market close, the EURO STOXX 50 index added 0.39% to 4,871 points, the CAC 40 rose 0.48% to 7,407 points. Dax rises 0.0.5% to 19,259 points as the London session ends FT 100 with losses of 0.13% to 8173 points.
And on Wall Street there is a session of clear growth, during which investors seem to be refocusing on the market in anticipation of the election results and are decisively deciding to increase their buying on the second trading day of the week.
On the business front, quarterly earnings season continues to approach. With 371 S&P 500 companies reporting, average earnings per share (EPS) growth is +8.0%, compared to +5.1% expected before the first company reported, according to Bankinter calculations. 75% of companies outperform, 18% disappoint, and the remaining 8% meet expectations. In the most recent quarter (Q2 2024), earnings per share grew by +14.0% compared to originally expected +9.1%.
Among the day’s top picks, Palantir Technologies rose more than 22% to a one-year high. Last night, the software company beat Wall Street’s third-quarter estimates, posting adjusted earnings of 10 cents per share on revenue of $726 million. Analysts had forecast earnings of 9 cents per share and revenue of $701 million. Palantir explained that revenue received from the US government grew 40% year over year during this period.
Wynn Resorts’ quarterly report was received much worse, falling 8% after falling short of market expectations. The casino and resort operator reported adjusted earnings of 90 cents per share on revenue of $1.69 billion.
Outside earnings season, Boeing shares fall 0.8% at Wall Street open after workers voted to end the strikeby ratifying the agreement between trade unions and management. The agreement calls for a 38% wage increase over four years and was approved by 59% of the vote.
Looking back at the polls, Trump Media & Technology shares soared above 12.5% at the open, appearing to be a bet that a second Trump presidency would support the company.
At the close of the Spanish stock market, the DOW JONES Ind Average was up 0.73% at 42,101, the S&P 500 was up 0.94% at 5,766 and the Nasdaq OMX was up 1.19% at 18,394. points.
In secondary fixed income, bond yields surge Spanish 10-year bonds rose 0.74% to 3.117%. while German 10-year bonds rose 1.21% to 2.4190%. The Spanish risk premium ended at 70.70 basis points on Monday, with the fall exceeding 1.40%.
Rebound in oil Brent returned to the level of 76 dollars, the level of October last year, when promoting 1.27%. For its part, West Texas added 1.4% to $72.46. Gold futures remained at their opening levels, up 0.13% at $2,749 an ounce.
The euro-dollar ended the day at 1.0914 units, with the single currency up 0.36% against the US dollar.
And Bitcoin, which is gaining ground, is 1.74%. About 70,000 sand changes at the close of Ibex 35 at 69,863 points.