Ibex 35 reduces its positions for the second session in a row, aiming for 11,300 points.

6%. This is already a gap that separates Ibex from its all-time highs reached during the day on October 17, and which is increasingly gaining strength in the midst of a second consecutive session of losses that marks the closure of the Spanish selective.

Again with reductions, led by a good part of the breeders, without major heroes, but with a strong declinebut in a clearly generalized trend within the Ibex 35, from which only a few values ​​remained by the close of the third stock market session of the week.

Again, market concerns, given that US inflation data are in line with expectations, are focused on rise in US Treasury yields, which today exceeded 4.454% intraday.

Thus, at the close of the session, IBEX 35 fell by 0.05% to 11,377.10 points with a fall of Cellnex 2.43%, Puig 1.88% and ACS 1.62% and the growth of such values ​​as Grifols A 2.21 %, Solaria 2.02%. and Inmobiliaria Colonial 1.54%.

In the financial sector, attention is again focused on the hostile takeover of BBVA Banco Sabadell after the CNMC yesterday finally decided to move to a second stage review of the operation, which could imply intervention by the government, which has always been very critical of Banco Sabadell. possible merger of both banks.

Sabadell has demonstrated its “respect” for the work of the CNMC and confirms that the supervisor’s decision to move the BBVA takeover bid to the second stage “confirms the complexity” of the operation.

For its part, BBVA promises that it will continue to cooperate “closely” with antitrust authorities. Both businesses were fined more than 1% on the market today.

More news: Ferrovial will be the main character. According to a statement, the Del Pino family company has reached an agreement with Avialliance UK Limited to sell its entire 50% stake in AGS Airports Holdings Limited (AGS), the company that owns Aberdeen, Glasgow and Southampton airports. National Securities Market Commission (CNMV).

As part of the agreement, Macquarie (Ferrovial’s partner) will also sell its entire 50% stake in AGS. The agreement values ​​the share capital of 100% AGS at £900 million. about 1.079 million euros at current exchange rates, subject to certain closing adjustments and transaction costs. The price closed down more than 1%.

At the guidance level, Barclays raises Telefonica’s target price to €4.50 per share from the previous €4.40, while JP Morgan cuts it to €3.40 per share from the previous €3.60.

On the other hand, Raymond James is upgrading IAG (Iberia) with a price target of €3.40 per share, while HSBC is upgrading Endesa to “buy” (from “hold”), with the price target increasing to 24. 20 euros from 21.60.

Although the protagonist of the day makes us look at the continuous market and the 24% increase carried out by Duro Felguera and which marks a revaluation of more than 107% in the last week. Prices have skyrocketed since Friday’s announcement (prior to opening) resignation of CEO Jaime Arguelles and change of president and vice president of the company.

Already in Europe again a complete decline in all Euro-stoxx 50 sectors, although without major contractions, led by technology, non-cyclical consumption and industrial values.

Among the highest growth rates were the shares of three British companies: AstraZeneca, British American Tobacco and HSBC

which unites Nordisk in the context of the cuts that are taking place this Wednesday Mercedes Benz, ING and French Vinci.

Today with great fame for RWE and for Siemens Energy which, after presenting the results, reflected their concerns and the challenges facing the US offshore wind sector in the presence of Donald Trump, as well as highlighting potential delays in technology that the President-elect has criticized.

Thus, at the market close, the EURO STOXX 50 lost 0.10% to 4,739 points, the CAC 40 lost 0.23% to 7,215 points, and the CAC 40 index lost 0.23% to 7,215 points. Dax falls by 0.24% to 19,001 points, and the session in London ends at FT 100 with an increase of 0.06% to 8030 points.

Already on Wall Street, inflation data behaved as the market expected. CPI for Octoberwhich was published shortly before the call. The numbers justified the forecasts: growth of general inflation by 0.2% per month and by 2.6% on an annual basis. (compared to 2.4% in September). Core inflation was 3.3% year-on-year, in line with the previous month, and up 0.3% month-on-month, also in line with forecasts.

In the business sector, Spotify Technology shares soared 9.3% at the open. Last night the company announced that Total monthly active users for the third quarter were 640 million.reflecting 11% year-over-year growth and exceeding the estimate of 639.0 million. However, the popular music streaming platform’s quarterly results fell short of Wall Street’s revenue and profit expectations.

Semiconductor company Skyworks Solutions reported a 6.6% decline despite reporting better-than-expected fiscal fourth-quarter earnings. Skyworks reported adjusted earnings of $1.55 per share, compared with analysts’ forecast of $1.52 per share. Revenue of $1.02 billion was in line with estimates. However, the company’s forecast for the first quarter was lower than expected.

In the airline sector, shares of Spirit Airlines fell 61.5% after the company announced that it was in talks with the vast majority of covered bondholders to complete a restructuring. This will happen in Bankruptcy Process (Chapter 11)

according to the publication Bloombergwhich cites sources familiar with the situation.

At the close of the Spanish stock market, the DOW JONES Ind Average added 0.28% to 44,034 points, while the S&P 500 index rose marginally by 0.07% to 5,987 points and the Nasdaq OMX index fell 0.19% to 18 535 points.

Regarding fixed income, once again a rise of 0.26% and the 10-year Spanish bond yield of 3.109%.while German bonds stand at 2.3755% with an increase of 1.%. The risk premium falls to 73.55 basis points for a fall of 1.61%.

As for oil, there is a quasi-opening of positions in barrel futures on both sides of the Atlantic. Abbreviations for European Brent only 0.04% to 71.87 dollars and American West Texas, which rose in price by 0.03% to 68.11. He Gold remains at $2609.20. ounce after a slight increase of 0.10%.

The euro-dollar is trading lower for the single European currency and at the close of the Spanish stock exchange was trading at 1.0583 units.