Bankinter and Acciona Energía are trying to maintain the growth of Ibex 35.
After a week in which the Spanish stock market, along with the Italian stock market, was the most optimistic in Europe, IBEX 35 investors start the new week with a psychological level of 11,700 points. However, in his weekly analysis of the Ibex 35 index and all its actions, Ei analyst José Antonio Gonzalez noted that the key previous level lies ahead of 11,700 points. In particular, the analyst noted that a daily close of Ibex above 11,668 would update targets to 11,892 points.
However, at the moment the Spanish selective is moving almost imperceptibly towards this last level and this Monday it is trading with a slight increase of 0.05% to 11,641 points.. The biggest risers this morning were Bankinter (2.05%), Acciona Energías Renovables (1.64%) and Repsol (1.5%). On the other hand, the largest drops are observed in Grifols (-3.42%), Solaria (-1.67%) and Puig (-1.33%).
In the recommendations section, Deutsche Bank raises the target price for BBVA shares to 11.74 euros from the previous 11.55 euros, representing a potential of 25% for the securities of the bank of Carlos Torres.
For Mapfre and Barclays raise their target price from €2.07 to €2.15 per share. On the downside, RBC raises Inditex’s previous target to €52 from €50, while Stifel raises Acciona Energías Renovables to €19.70 from 10/18.
Endesa is buying 626 MW of hydroelectric power from Acciona for $1.1 billion.
In another piece of news, Canadian fund Brookfiel is set to close due diligence (analysis of the company’s situation) and a financing contract to present its proposal for Grifols and is considering a price of 10.5 euros per share, El Confidencial reports. This price implies a valuation of 100% of the company at just over 7 billion euros. This is a lower price than the currently advertised €11.1.
On the other hand, the parent company Endesa, In thisforecasts investments of 43 billion euros for the period 2025-2027, representing an increase of almost 7 billion compared to the previous plan (35,800 million euros). Of the total amount, the Italian energy group, which owns Endesa with 70% of the capital, will allocate 4 billion to distribution networks in Spain and about 3.720 million to renewable energy in Iberia (both Spain and Portugal).
This Monday ends the period during which investors have the opportunity to purchase Cellnex shares with the right to receive a dividend of 0.046 euros per share. The company plans to pay dividends on November 21 using its share premium reserve.
Today Solaria publishes the results.
On a continuous market basis, it should be noted that Applus has been suspended from trading since Friday afternoon, after the CNMV made this decision, until its “final exclusion” is finalized, at the end of the acceptance period of the takeover bid submitted by Amber. The CNMV made this decision public at the end of the acceptance period for the takeover bid formulated by Amber EquityCo for the shares of Applus Services to exclude them.
In addition, Jefferies upgrades ENCE’s recommendation from Hold to Buy and raises its price target from €3.50 to €3.65.
Other markets
“IN Asia For now, we’ve seen volatility rise sharply during the session while the yen corrects after Bank of Japan Governor Kazuo Ueda said the timing of the central bank’s next policy adjustment will depend on the economy and price. He The Bank of Japan plans to hold a meeting on December 18-19. and is expected to continue raising interest rates approximately every six months, narrowing the interest rate differential between the United States and Japan. Japan’s consumer price index data for October, due out Friday, is likely to show government energy subsidies continue to ease some pressure on prices. The core consumer price index, excluding volatile fresh produce, is expected to rise 2.2% from the previous year,” says Manuel Pinto of XTB.
At the same time Nikkei The Japanese ended the session down 1.05% at 38200. Meanwhile in China CSI 300 0.46% remained, and 0.2%, which SEC from Shanghai. He Hang Seng from Hong Kong adds 0.6%. For my part, Cospi South Korean shares rose 1.99%.
Wall Street The index closed lower on Friday after Federal Reserve Chairman Jerome Powell signaled there was no rush to cut interest rates and investors reacted to US President-elect Donald Trump’s Cabinet picks. The S&P 500 lost 1.32% to 5,870.62 and the NASDAQ 100 lost 2.40% to 20,394.13. The Dow Jones Industrial Average fell 0.70% to 43,444.99. For now, Futures are trading mixed: the Dow Jones index falls slightly by 0.25%, while the S&P500 and Nasdaq indices rise by 0.11 and 0.46%, respectively.
For their part, oil futures rose after confrontation between Russia and Ukraine escalated over the weekend, although markets were weighed down by concerns about fuel demand in China, the world’s second-biggest consumer, and forecasts for a global oil glut. Crude oil futures Brent they rose by 0.85% to $71.64 per barrel, while West Texas Intermediate US oil prices are trading at $67.47 per barrel, up another 0.8%.
The Euro-Dollar exchange rate increased slightly and the community currency was exchanged for $1.0549.
In the cryptocurrency space, Bitcoin continues to rise and was up 0.8% today at $91,784. Meanwhile, Ethereum falls slightly to 3119.
Finally, in the fixed income sector Yield on 10-year Spanish bonds This rises to 3.097%, resulting in a risk premium of 70.80 points relative to its German counterpart.
macro program This is very easy today, given Spain’s trade balance, which is down 8.5% year on year between January and September, and the eurozone’s balance sheet, which shows a surplus of 12.5 billion euros in September. We will also have a monthly report from the German Bundesbank.
On the other hand, this Monday we have several speeches by members of the European Central Bank. Vice President Luis de Guindos speaks at a banking conference in Germany, which will be attended by top managers from Deutsche Bank, Commerzbank and Unicredit. But he will not be the only one; other conferences will also include ECB President Christine Lagarde, Chief Economist Philip Lane and Council Member Claudia M. Buch.