The Ibex 35 rebounds more than 3% and looks back at 7,700 thanks to Santander and BBVA

The Ibex 35 is saved from the falls in Europe thanks to the rebound of the banks

The Ibex 35 is saved from the falls in Europe thanks to the rebound of the banks

The Ibex 35 stocks that have risen the most have been Caixabank with a rise of 5.78%, Banco Sabadell 4.90%, Bankinter 4.40%, Banco Santander 3.52% and BBVA 2.23% . For its part, Repsol has posted an increase of 4.05%, Indra 3.45%, Inditex 1.58%, Cellnex 1.31% and PharmaMar 1.18%.

This Thursday’s session has resulted in falls in the European stock markets, except for the Ibex 35, which has ended with an advance of 0.37%, and the FTSE 100 in London, which has risen by 0.07%. The French Cac 40 has dropped 1.04%, the Euro Stoxx 50 0.72%, the Dax 0.55% and the FTSE Mib 0.21%.

At the close of the European market, Wall Street was also trading in the red: the Nasdaq was down 1.02%; the S&P 500, 0.92%, and the Dow Jones, a slight 0.07%.

The European Commission plans to raise 140,000 million by limiting renewables to 180 euros and with a 33% tax on the benefit of oil companies. This would have an impact on Repsol’s accounts of 1,082 million euros.

As for the analysts’ recommendations, Morgan Stanley experts have revised the bank’s valuations, raising the target price of Santander Bank up to 4.1 euros, that of BBVA up to 7.7 euros and the CaixaBank up to 5 euros.

On the opposite side, Morgan Stanley cuts the price target for steelmakers ArcelorMittal Y Acerinoxup to 40 euros and 12.7 euros, respectively.

At the business level, according to the newspaper Cinco DΓ­as, Iberia, one of the airlines that includes IAG, has opened an express negotiation of all its collective agreements.

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In the continuous market, Soltec has registered a rise of 7.68% after learning that it reduced its losses by 49% in the first half of this year, to 10 million euros. The renewable energy company closed the second quarter of the year with revenues of 146.7 million euros, which represents an increase of 150% compared to the same period of the previous year, an adjusted EBITDA of 7.9 million euros and a net profit of 5.5 million euros.

This Thursday it was known that the consumer price index (CPI) in France stood at 5.9% last August, which represents a drop of two tenths compared to the year-on-year rate registered in the month of July.

In Spain, the National Institute of Statistics (INE) has revised upwards the growth of the Spanish economy in 2021, from 5.1% to 5.5%, due to the greater contribution of internal demand, derived in turn from an increase in household consumption higher than previously estimated.

The Public Treasury has captured 4,179.16 million euros this Thursday in a new auction of bonds and debentures, somewhat above the expected average range, and has strongly increased the profitability of all references, placing the interest offered on the 10-year obligation.

Wholesale sales prices increased by 18.9% year-on-year in August in Spain. Down from 19.5% in July, mainly due to the increase in the prices of raw materials and intermediate products. On a monthly basis, wholesale prices rose 0.1% in August.

The market is also attentive to the evolution of the war in Ukraine, which has lasted almost seven months. Ukrainian President Volodymyr Zelensky has said towns and villages recaptured from Russian forces had been devastated, while a major city struggled to contain damage to its water system from missile strikes by Kremlin forces. Meanwhile, Russian President Vladimir Putin is scheduled to meet with Chinese President Xi Jinping in Uzbekistan on Thursday afternoon.

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The price of a barrel of Brent quality oil, a reference for the Old Continent, was at the closing price of the Spanish market at a price of 90.39 dollars, with a decrease of 3.94%, while Texas stood at 84 .85 dollars, after falling 4.1%.

Finally, the price of the euro against the dollar stood at 0.9996 ‘greenbacks’, while the risk premium stood at 113 basis points and the return on the 10-year Spanish bond stood at 2.89%. .

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