The Ibex 35 index is firming at 11,300, led by growth from Inditex.

The IBEX 35 index closed up 0.23% to 11,358.60 points. Among the most optimistic figures was Inditex, which rose 1.42% compared with 1.13% for Indra. MERLIN Properties fell 2.43% and Inmobiliaria Colonial fell 2.05%.

The Madrid selection appeared this session after a small rise yesterday, Wednesday, which consolidated it at the 11,300 level.

In business reports, ACS reports that Turner will expand and renovate the Red Deer Regional Hospital in Alberta, Canada. The project will be undertaken through Clark Builders, a division of Turner, which will complete site preparation and construction of the new patient tower will begin in early 2025.

Today’s newspaper Extension published information that investment fund Cinven offered between 500 and 600 million euros for Indra’s payments unit, Minsait Payments, citing unnamed market sources.

According to the newspaper, it is part of Minsait, Indra’s technology arm, which was apparently put up for sale late last year and valued at €2.1 billion. Minsait accounted for more than half of Indra’s revenue in the first quarter of the year.

Other stocks that caught investors’ attention in today’s session were renewable energy companies such as Acciona Energía or Solaria, after it was revealed that the Norwegian company Equinor cancels offshore wind projects in Spain and Portugalin addition to the previously announced withdrawal from Vietnam, and may withdraw from more countries to curb costs.

“We are actively exploring early stage opportunities in a number of markets around the world and across different geographies and have confirmed our exit from Vietnam, Spain and Portugal,” said Equinor’s head of renewables Paal Eitrheim.

In terms of analyst recommendations, Morgan Stanley downgraded Repsol to “equal weight” from “overweight” while cutting its target price to €15.20 from the previous €17.70.

In the continuous market for several days, attention was focused almost exclusively on Talgo after This week, the government vetoed a takeover bid by Hungarian group Magyar Vagon on national security grounds.. CCOO requested an urgent meeting with the company’s management, as well as with all ministries involved in the decision to take over Talgo by Hungary, to clarify the company’s future through a plan to expand its industrial capacity.

The union regrets learning from the press about the veto on the operation and expresses concern about the situation in which the company is looking for a solution to the problem of its inability to cope with the entire workload.

Market digests inflation figures

IN macroeconomic agenda Today, opening the session, CPI Spainwhich stagnated in August compared to the previous month, but reduced the annual rate by six tenths, to 2.2%, the lowest since June last year, when it was 1.9%, according to data provided by the INE. The base rate, for its part, is 2.7%.
The data is also known Inflation in Germanywhich dropped to 1.9%, the lowest in 3 years, and Eurozone Consumer Confidence in August, which rises to 96.6 points.

With the market processing these figures throughout the day, European stock markets close the session this Friday with Germany’s Dax up 0.72% to 18,925, France’s CAC 40 up 0.84% ​​to 7,640, London’s FTSE 100 up 0.45% to 8,381, FTSE MIB up 0.91% to 34,188 and the EURO STOXX 50 up 1.06% to 7,640.

Wall Street opened today with the Dow Jones index up 0.69% to 41,375, the S&P 500 index up 0.35% to 5,613, and the NASDAQ 100 index up 0.58% to 19,468. And all this after the figure GDP, which according to the second estimate will grow by 3.0%. (higher than expected by 2.8%), as well as regular jobless claims, which came in at 231,000, below the 232,000 that the market was expecting.

But the market is still digesting NVIDIA’s results, which it released last night at the close of North American trading, and which once again beat expectations with record second-quarter profits of $16.6 billion. However, they were not well received.

“As expected, the results showed strong growth in both sales and net income, far exceeding analysts’ expectations,” he said. Juan J. Fernandez-Figares, Link Securities. “However, this fact, and despite the fact that the company has revised upward its expectations for the current quarter’s results, That hasn’t impressed investors, who have set the bar high. The conclusion many have drawn is that the company’s current growth rate will slow.” He continues, adding that, in addition, “he was not pleased with the fact that the company delayed the commercialization of its new Blackwells chips by one quarter, to Q4 FY25. There were also investors who were concerned about the decline in profitability in the quarter due to some manufacturing issues.”

In the Asian session, most major indices traded lower after Nvidia’s results disappointed some bullish investors, with Japan’s Nikkei finally shedding 0.05% to 38,357.50.

In fixed income, the benchmark 10-year Spanish bond offers a secondary market yield of 3.105%, leaving a risk premium over its German counterpart of 82.50 bps. On the other side of the pond, the US 10-year bond yields 3.882%.

Already on the raw materials market oil prices They are rising, but Brent remains below $80 on fears of weaker demand from China, the world’s largest oil importer, although tensions in the Middle East and the situation in Libya are giving a boost to prices.

Thus, BrentEurope’s benchmark rose 1.89 percent to $79.03 a barrel, while West Texas Intermediate crude futures rose 2.3 percent to $76.25.

The euro-dollar exchange rate fell by 0.40%, setting the exchange rate at $1.1073 for each community currency.