The Ibex 35 index rose above 10,100 points, its best level since January 8, thanks to BBVA and Inditex.

This week Spanish shares showed growth: three trading days were clearly positive and closed at its best closing levels since January 8 last yearindicating that The distance that already separates the Ibex 35 from its highs for the year is already less than 2%.

A push above 10,100 points in which the strength of great values ​​and their growth is again felt on the Spanish stock market indicator, especially the rise in profits of Inditex, BBVA, Banco Santander and Iberdrola, among others. Thus, the achievements are more significant than in other European countries. Moreover, the subsequent profit harvest on Wall Street did not affect this.

Thus, the IBEX 35 ends Wednesday’s session up 0.69% to 10,107.20 points, supported by gains in BBVA (2.15%), Inditex (1.77%) and IAG (Iberia) (1.74%) and falling values. such as Grifols A (1.19%), Acciona Energías Renovables (1.15%) and Banco Sabadell (0.98%). At the end of the week, the increase reaches 2.22%.

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Among the news of the session, Inditex stands out, one of the best indicators on the market today. Citigroup raises target price, which has led to higher valuations in the market, while maintaining in excess of the weight of its rating over the cost. Your new purchase order 44 euros from previous 40.50with the potential of current trading levels above 8%.

Meanwhile, a new wave of recommendations on the electricity sector: HSBC maintained its recommendation on Endesa with a PO downgraded to 1.9.50 euros per share compared to the previous 21.10.

Two companies are speaking out for Enagas. Deutsche Bank raises its recommendation to hold off on selling until raises target price to 14.50 euros from previous 13. While the Societé Generale, for its part raises target price for shares to 16.7 from 15.5 previously.

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Continuing the recommendations that were widely circulated today, analysts at Morgan Stanley are raising their target price for Aena to €206 from the previous €202. This represents a 21% growth potential. compared to yesterday’s close.

We also learned that Acciona has won a new contract to expand the Toronto subway. The contract is valued at 1.370 million euros.

Thus, Axiona’s alliance with the Canadian Amico prevailed over the other two proposals. presented in the tender application. The first consists of the French company Bouygues together with the Canadian companies Pomerleau and Aecon, and the second also of the Canadian company SNC-Lavalin.

Bankinter is also in the news knowing that on March 21, the day of the general meeting of shareholders, it will pay a fourth interim dividend of 0.1077 euros gross per share, which will be paid on the 28th of the same month.

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Outside of Ibex 35, in the continuous market, Squirrel Media’s earnings stand out, driving value growth above 7%. with a net profit of 17.6 million euros – a figure multiplied by almost four, with growth reaching 279% no less, the profit it made in 2022 was 4.6 million euros.

Its president, Pablo Pereiro, in a statement to Investment Strategies, emphasizes that Squirrel Media’s strategy will be to invest in its own content and grow systematically with volume growth of 67%.

In the rest of Europe the figures are mixed. with losses for London Footsie, with an 8% drop in HSBC after their results. The largest European company stands out with a net profit of $22.432 million, representing an increase of 56.36% compared to the previous year. But its figures turned out to be lower than what the market expected, hence the sharp decline in value.

Thus, the EURO STOXX 50 index ends the day at 4,773 points, up 0.27%. Dax revalued by 0.27% to 17,114.85 points, CAC 40 added 0.22% to close at 7,812 points, and London FT 100 It fell against the trend by 0.75% to 7661.31 points.

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For its part, Wall Street again saw a large fall this session with strong fluctuations: on the one hand, the minutes of the latest meeting of the US Federal Reserve Open Market Committee, which will be published at 8 pm Spanish time. and on the other, NVIDIA’s results, which half the world is waiting for, ahead of the best of the magnificent seven and which will be published based on the results of the American market.

Meanwhile, we learned that big tech companies will continue to gain ground in the market with the addition of Amazon to the Dow Jones and the departure of Walgreens Boots next week.

Thus, the DOW JONES Ind Average fell 0.23% to 38,474 points at the close of the Spanish stock market, the S&P 500 index momentarily broke away from 5,000 to 4,963 points, and the Nasdaq OMX index fell 0.62% to 15,533 points.

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On the debt side, Spanish 10-year bonds, like their German counterpart, changed direction, posting a big rise in yields in Wednesday’s session. In Spain, the price of 10-year bonds is at 3.018% and increased by 1.29%. and the bond rose 2.34% to 2.4260. The Spanish risk premium ended the session at 91.65 basis points.

Oil on commodity markets now with a slight increase below half a percent to $82.68 per barrel of European Brent, while US West Texas added 0.6% to 77.48.

The euro-dollar is trading at 1.0810 at Ibex close, with the single currency up 0.06%.

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