Ibex 35 today: protagonists Unicaja Banco, Santander and BBVA

• At 08:27, Ibex 35 futures are up 0.24% to 10,004 points.
• Santander loses 3000 million euros in one day
• Acerinox ‘celebrates’ acquisition of Haynes

He Capricorn 35 (-1.20%) yesterday corrected from last Friday’s highsleaving behind more than one percentage point pulled down by Financial Times (FT) news about Santander UK connection to Iranwhere the Middle Eastern country conducted international transactions to avoid economic sanctions from the US.

However, pending further news on this fact, Santander Bank (-5%) closed yesterday below 3.70 euros, loss of just over 3,000 million euros on the stock market, despite the organization’s statement that “they have not violated any American rules and are open to cooperation with the relevant authorities.” All this “jumps” when Tensions between Iran and the United States have continued to escalate in recent weeks.

What was said above This also conditioned the rest of the banking sector.minimizing losses BBVA (-0.16%) and KaishaBank (-0.70%), whereas Bankinter (-1.10%), Sabadell Bank (-1.53%) and Unicaja Bank (-1.63%) fell by more than one percentage point. However, we will see how the market “digests” this news, and whether we will continue the selling pressure today or rebound to the levels of last Friday.

Unicaja Banco generated a net profit of 267 million euros in 2023.which is 4% less than in 2022, due to “write-downs for the year amounting to €546 million”, and tax in banking, which amounted to 63.8 million euros. He interest margin amounted to 1,353 million euros, +26.1% and net commission income increased by +1.6% to 533 million euros.

Acerinox (+4.20%) jumped above 10.00 euros per share after the announcement of the purchase of the American company Haynes for 740 million euros, a transaction that the market noted in yesterday’s session. Below the value continues to have support around 9.50 euros.

This morning near the Spanish market Reserve Bank of Australia (RBA) kept interest rates unchanged at +4.35%., like other central banks, highlighting the evolution of macroeconomic data as well as inflation. He “Australian” jumped above the $0.65 barrier.

Wall Street lost ground earlier in the weekbut without major changes in their underlying indices, analyzing the performance of companies, and at the same time Nvidia (+4.78%) marked a new historical high, exceeding $693. Today it’s time for results for: snap inc. (CLICK); Enphase (ENPH); Ford (F); Eli Lilly (LLI); Spotify (PLACE); B.P. (BP) and Toyota Motor (TM).

Finally, today we will have current macroeconomic data, among which we will highlight:

• 11:00 -> Retail sales in the eurozone (December)

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How to take advantage of the opportunities in this market? Example of work.

To illustrate how to proceed in the example, we are going to use Ibex 35. At IG we were able to trade this market using CFDs, Barriers, Vanilla Options and Turbo24. We are going to choose the latter as an example as it is a product listed on the 24/7 market, allowing us to tailor the leverage of our operations and cover market gaps, with a minimum purchase of Turbo24 (equivalent to up to €0.01 per point).

If the first scenario is confirmed and it was decided to enter a bullish position, we would buy 100 long Turbo24 (1 euro per point). Let’s imagine that Ibex 35 is trading, for example, at 10,100 points. We could set the exit or knockout level (guaranteed stop) at 9984.6 points. If at that time the price of Turbo24 is 1068 euros, the requested guarantee (reward) will be 106.80 euros (100 Turbo24 x 1068 euros for each Turbo24). The leverage of this operation will be 95 times.. Moreover, it has the advantage that if there is an increase in volatility when the market closes, causing us to be knocked out, the operation is not closed.

If the second scenario is confirmed and decided to enter a bearish position, we would buy 100 short Turbo24 at the Ibex 35 price of 10,000 points. We could set the knockout level to, for example, 10,157.2 points, with a Turbo24 price of 1,470 euros, the requested guarantee (reward) would be 147.0 euros (100 Turbo24 x 1,470 euros for each Turbo24). The leverage of this operation will be 69 times.maintaining all the benefits described above and protection from negative balance in the event of a bearish market gap.