Ibex 35 recovers and scores 11,100 points, led by Ena and Rovi.

The IBEX 35 index rose 0.36% at the opening to reach 11,159 points. The biggest gainer was Aena, which rose 2.14% compared with 0.84% ​​recorded by Laboratorios Rovi, while Endesa fell 0.37% and Ferrovial fell 0.27%.

The Madrid Selective Index comes after yesterday’s bearish day, when it finally fell almost half a percentage point, although it managed to stay above the 11,100 point threshold.

Monitor the IBEX 35 price in real time

The Fluidra index suffered the most yesterday, falling sharply by 7.94% after its US rival warned of a profit. Today Barclays analysts criticized the situation, with the target price raised to €26 from the previous €23. Taking into account yesterday’s closing price, the new valuation represents growth potential 30.4%.

Also in the analyst recommendations is good news for Aena, which sees how Morgan Stanley Raises Price Target to €215 per share compared to the previous 213 euros. This represents an upside of 15.2% from yesterday’s close.

The improvement comes after the airport’s chief yesterday raised its traffic growth forecast for 2024 to 8.3% from last year’s figures, up from a previous forecast of 3.8% to 7.1%.

Investors will have to pay attention to Telefonica’s price today after the newspaper Confidentially published information that the Saudi operator STC, which currently owns 4.9% of the capital, has already informed the government of its desire to receive 9.9% of the capital and request a seat on the board of directors. The landing of the Saudi company was one of the reasons that prompted the government to enter the telecommunications company with 10% of the capital.

In the financial sector, all eyes remain on BBVA’s hostile takeover bid to take over Banco Sabadell. Today newspaper Five days insists that a Spanish trusted adviser supports BBVA’s capital increase for the Sabadell takeover bid, although it warns of its social implications.

Without leaving the bench, Confidentially indicates that Morabank is bidding to buy BEF from Unicaja in order to create a bank with a high level of equity capital.

In other morning news, the newspaper Extension ensures that CVC, Cinven, KKR and Permira lay claim to Laboratorios Rovi’s 3.5 billion assets.

Today, investors will also have to take into account that IAG (Iberia) is holding a general shareholders meeting in Madrid today, at which a proposal to apply results corresponding to the 2023 financial year will be reviewed, although it has not yet revealed whether it will resume paying dividends.

On the macroeconomic agenda this Wednesday, investors had breakfast with publication in Germany of the GFK consumer confidence index for June, which shows a value of -21.8., which is worse than market expectations. US building permits, new home sales and US mortgage applications will be known.

Currently on European stock markets, the German DAX rises by 0.77% to 18,300, the London FTSE 100 rises by 0.45% to 8,284.95 points, the French CAC 40 adds 0.46% to 7,705.42 points, and the EURO STOXX 50 rises 0.56% to 8,284.95. 4963.65 points.

Futures on Wall Street are pointing to a higher open on Wednesday after yesterday’s rebound in shares of NVIDIA and artificial intelligence-related technology stocks allowed the S&P 500 and Nasdaq to close higher. This time, however, the DOW JONES couldn’t keep up and ended up closing lower.

During the Asian session, the return of euphoria in technology stocks was also the main driver of the Japanese stock market, with the Nikkei 225 index rising 1.26% to close at 39,700.5 points. In China, the CSI 300 index rose 0.62%.

In commodity markets, oil prices are rising despite an unexpected increase in US inventories, driven by geopolitical risks arising from the Middle East conflict and forecasts of a possible drawdown during the third trimester peak oil demand season.

European Brent crude rose 0.59% to $84.72 a barrel, while U.S. West Texas crude futures rose 0.67% to $81.36 a barrel.

The euro fell 0.17% against the dollar today, leaving the exchange rate at $1.0695 for each currency.

In cryptocurrencies, Bitcoin is stabilizing after falling in recent days and is up 0.75% in the last 24 hours until it traded at $61,551.

In the fixed income sector, investors continue to look forward to the French elections this Sunday with some nervousness. Today, Spanish 10-year bonds offer a secondary market yield of 3.33%, resulting in a risk premium of 90.30 points over their German counterpart. French bonds offer a yield of 3.14%.

On the other side of the Atlantic, US benchmark bonds offer a yield of 4.266%.

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