Ibex 35 still doesn’t rear its head; futures continue in red at 11300

FINANCIAL MARKETS

Asian stocks fell after a sharp rise in U.S. bond yields, worrying investors awaiting key inflation data that could determine the pace of the Federal Reserve’s monetary easing.

Oil prices rose amid signs of near-term supply shortages but remained near their lowest levels in two weeks, a day after OPEC revised down its forecast for global oil demand growth in 2024 and 2025.

MACROECONOMIC DATA

Today we have:

– CPI and mortgage applications in the USA

– Unemployment in France

COMPANIES

CNMC expands analysis of BBVA’s takeover bid for Sabadell (Reuters)

ACS increased profit by 5% thanks to revenue growth in North America (Reuters)

Sasir wins concession for Highway 68 in Chile from Highway 141 (Reuters)

Acciona Energía completes sale of hydraulic structures in Spain (Reuters)

Caixabank may deduct a payment to its fund in the form of a bank tax (Cinco Días).

ECONOMY AND POLITICS

US President-elect Donald Trump on Tuesday named Elon Musk to a role aimed at creating a more effective government, giving even more influence to the world’s richest man, who donated millions of dollars to help Trump get elected (Reuters).

Federal Reserve interest rates continue to weigh on a robust labor market and inflation, which is still above its 2% target, according to two U.S. central bank officials. This view seems to favor further interest rate cuts, although both are pointing to it. they were not prepared to judge speed or scale (Reuters)

Germany will hold early elections on February 23 after the fall of Chancellor Olaf Scholz’s government coalition, but authorities warned on Tuesday that the 2025 budget and other policy initiatives would remain in limbo (Reuters)