IAG and Santander lift Ibex 35 index above 11,300 points.

The IBEX 35 index closed up 0.55% to 11,326.90 points. Among the most optimistic quotes were IAG (Iberia) with a rise of 3.43% and Banco Santander with a rise of 2.53%, followed by Grifols with a rise of 2.05%. Among the decliners, Solaria shares fell by 2.43% and Puig by 1.29%.

The Madrid selection just ended on Monday, marking a halt in the recovery. The index has risen in eight of the last 10 sessions so far today and is already above 11,300, a level it has not reached since mid-June.

In the business sector, the market is still waiting in addition to BBVA’s hostile takeover bid for Banco Sabadell. Diary Extension reported today that a third of the investment banks that follow Sabadell are raising their profit estimates for 2025 and 2026 in the midst of a takeover bid for BBVA.

Continuing to operate in the financial sector, Unicaja has already reached 82.07% of the execution of its share buyback program, as notified by the Spanish regulator. The company launched this program last March and has used 82.0 million euros to date, buying a total of 68.0 million shares out of the 100.8 million it had set as its target, representing 3.8% of its share capital.

In addition, Banco Santander announced the start of its first share buyback program with a maximum amount of approximately €1,525 million.

In terms of analyst recommendations, the company chaired by Ana Botin is also the main player, as AlphaValue/Baader Europe maintains a “buy” recommendation but raises its price target from €6.58 to €6.62 per share.

On the other hand, Deutsche Bank raises its target price for Acciona Energías Renovables to 21 euros per share from the previous 20 euros.

ACS, through UGL, a company owned by the CIMIC group, has been appointed to design and build the second stage of the Western Downs battery in Queensland for Neoen.

The company will install a 270 MW/540 MWh battery energy storage system and high-voltage infrastructure to connect it to the grid at the green energy hub.

This afternoon, we learned on the Continuous Market website that the Council of Ministers agreed today not to authorise foreign direct investment in Talgo by Ganz MaVag Europe Private Limited (Magyar Vagon) for reasons of “protecting Spain’s strategic interests and national security”.

IN macroeconomic agenda Early Tuesday morning, the German statistical office released information that GDP The German economy fell 0.1% in the second quarter compared to the previous three months, in line with analysts’ expectations. Compared with the same quarter last year, the German economy grew 0.3% in the second quarter.

Already this afternoon in the USA house price indexwhich rose 0.1% month-on-month and 5.1% year-on-year, while the US consumer confidence index for August, prepared by Conference Boardwhich rose to 103.3 this month from an upwardly revised 101.9 in July.

The real action of the week, however, will come on Friday, when the eurozone CPI and US CPI are released.

As the market processed these figures throughout the day, European stock markets close out the session on Friday, with Germany’s Dax up 0.33% to 18,683, France’s CAC 40 down 0.32% to 7,565, London’s FTSE 100 up 0.21% to 8,345, the FTSE MIB up 0.505 to 33,772 and the EURO STOXX 50 up 0.02% to 4,897.

The market is already waiting for Nvidia

Wall Street opened lower today, with the Dow Jones Industrial Average down 0.15% to 41,178, the S&P 500 down 0.30% to 5,599 and the NASDAQ 100 down 0.38% to 19,442. Investors are already looking ahead to NVIDIA’s quarterly results after the close tomorrow, which should be one of the biggest catalysts for stock markets this week.

Major indexes fell in Asia this morning as investors speculate about an imminent U.S. interest rate cut. Japan’s Nikkei bucked the trend, rising 0.72% to 38,332.

In fixed income, the benchmark 10-year Spanish bond offers a secondary market yield of 3.098%, leaving a risk premium over its German counterpart of 81.95 bps. On the other side of the pond, the US 10-year bond yields 3.846%.

Already on the raw materials market oil prices They fell sharply on Tuesday after rising more than 7% in the previous three sessions on supply concerns fuelled by fears of escalating conflict in the Middle East and the potential closure of most of Libya’s oil fields.

Thus, BrentEurope’s benchmark fell 1.6 percent to $79.08 a barrel, while West Texas Intermediate crude futures fell 1.8 percent to $76.02.

As for the “black gold”, Goldman Sachs cuts its average forecast for Brent oil and its price range for 2025 by five dollars per barrel.arguing that an unexpected rise in oil inventories and slowing demand in China are likely to weigh on the market.

Thus, the company reduces the price range for Brent to $70-85 per barrel, and the average forecast for 2025 to $77 per barrel from $82.

The euro-dollar rises marginally by 0.04%, setting the exchange rate at $1.1166 for each community currency.

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