Ibex 35 closes at 11,600 points with buys from IAG and Rovi.

The Spanish stock market is again betting on purchases and returns to the 10,600 point mark. A return to positivity after a week that was marked by sell-offs and the damaging impact of Trump’s victory on Spanish values, even above the negativity seen in the rest of European markets.

So it overcomes the lost support levels as stated: Jose Antonio Gonzalez, financial market analyst at Investment Strategies which highlights that “the level we need to watch in the coming sessions/weeks is the latest declining price high, 11,892 pips. The level below warns us that… be careful… that the double top is under serious threat and will be canceled when the daily close is above the yearly high of 12,038.

Thus, the Ibex 35 index closed on Monday with a modest gain of 0.4% to 11,597.30 points, with gains in values ​​such as IAG (Iberia) 2.59 %, Rovi Laboratories 2.55 % And Cellnex 2.30 % and drops per Grifols A 1.98 %, Inditex 1.92 %, And Telephone 1.07 %.

Among the news from this session, the results stand out. With Outstanding Vision first thing in the morning Cellnex informed CNMV that it had registered losses of 140 million euros in the first nine months of the year which is 29.30% less than in the same period last year, when the red figures reached 198 million euros. Revenue rose 7% to 2.903 million and adjusted EBITDA rose to 2.386 million euros (compared to 2.248 million euros in the first nine months of 2023).

Marco Patuano, CEO of Cellnex, emphasized: “strength of our key indicators quarter after quarter” in line with our short- and medium-term goals, thereby confirming the 2024 forecast. The market evaluates this value as one of the best for Monday’s session.

Also comes to the fore Telephone . According to the publication Confidentially telecommunications company despite Venezuelan CEO after US sanctions. The Spanish operator agreed with the US stock market regulator to pay a fine of $85 million.

Meanwhile, Economist guarantees that Activate renewable energy sources launches €20 billion investment in Brazil.

And Telefonica with a dividend payment calendar cash dividend of €0.30 per share, payable in two tranches : December 2024 (€0.15) and June 2025 (€0.15). The yield on the next payment is 3.6%.

But first of all, fame again IAG (Iberia) who Bank of America places with a target price of 3.6 euros per share. and a Buy recommendation due to strong profitability and balance sheet strength following the results presentation. Another one of the most important increases of the session.

Moreover, half an hour before closing it became known that PSOE and Sumar, two parties and the platform of the parties that make up the government They agreed to keep the bank tax He end of energy tax who gave wings to these values. at the end of the session and end the tax regime for SOCIMI which had a negative impact on these values. And with the new luxury tax that affected Inditex.

Already in the rest of Europe Nordisk is the king of the market within the pan-European sample indicator along with BASF and French Schneiderlelectric

The Danish pharmaceutical company is advancing its research into innovative hybrid medicine. ChagriSema . This medicine combines semaglutide and cagrilintide and aims to reduce weight by 25% without additional side effects.

On the negative side we find Rio Tinto, Glencore And Unilever.

As for sectors, purchasing dominates, with almost everything except commodities in the red. Inside EURO STOKES 50 advances for industrial, medical and financial stocks.

At market close EURO STOKES 50 adds 1.05% to 4853 points, CAC 40 rises by 1.17% to 7424 points, Dax rises 1.30% to 19,454 as London session ends FT 100 with an increase of 0.76% to 8124 points.

Already on Wall Street The S&P 500 index exceeded 6,000 points for the first time in its history. The profits and exhilaration that investors continue to experience at the start of the Trump era, following his resounding victory in the US presidential election, clearly prevail.

Today’s main characters, some like Teslawhich moves from star to star and jumped 7.28% early in New York after returning to the trillion-dollar market cap club on Friday. Shares of the Elon Musk-led company are up 30% since Tuesday’s close.even before the election results, and have already soared 120% from the year’s low.

At the same time, hedge funds are short. Those who bet against Tesla lost $5 billion after Donald Trump won the presidential election.

Health insurance giant Signa jumped 7.5% to open the session after saying that will not pursue a merger with Humana, and will also reaffirm its financial guidance for 2024 and 2025. . The company explained that it is only considering acquisitions that are “strategically focused, financially attractive and have a high likelihood of closing.” Actions Human they fall 5.25%.

As for the analysts’ recommendations, Cisco Systems It was up 1.24% in New York morning after JP Morgan raised its forecast to “overweight” from the previous “neutral.” The firm expects the company to revise its earnings upward due to the recovery cycle in demand for enterprise networks.

Analyst Samik Chatterjee raises his price target from $55 to $66 per share. Growth potential 14% compared to the current level. Cisco shares are up 15% this year.

Following the closing of the Spanish Stock Exchange Indian Dow Jones Index rises by 0.90% and amounts to 44,386 points, while S&P 500 Index which rose above 6000 points by 0.29% to 6013 points and Nasdaq OMH rises 0.04% to 19,292 points.

In the secondary fixed income market, yields on bond assets are declining Spain’s 10-year debt fell from 1.64% to 3.054%. while German 10-year bonds are down 1.78% to 2.3235%. The Spanish risk premium ended at 72.85 basis points on Monday, down more than 1.5%.

Strong oil cutting with Brent crude futures fell 2.79% to $71.81 per barrel. West Texas shares, meanwhile, fell 3.07% to $68.22. He Gold futures It is also experiencing a sharp decline, down 2.77% at $2,620 an ounce.

He Euro Dollar The day ended at 1.0652 units, with the single currency falling 0.63% against the US dollar.

AND Bitcoin which is gaining ground by 6.20% due to the Trump effect with record levels of $84,733.