The Ibex 35 has closed the session this Tuesday with a rise of 0.80%, reaching 13,116.8 points, with investors awaiting the flood of results that will occur this week.
Between Wednesday and Friday, the accounts of around twenty companies belonging to the Ibex 35 will be published. Also, at the close of Wednesday’s session, the results of Nvidia will be known, which is the world’s largest market capitalization company.
Before the opening of the Spanish market, it was known that Rovi achieved a net profit of 136.9 million euros in 2024, a figure 20% lower than the earnings of 170 million in 2023.
Outside the Ibex 35, Ercros recorded a net loss of 11.7 million euros in 2024, compared to the earnings of 27.6 million euros in the previous year, as reported by the Spanish chemical company, on which the Portuguese Bondalti Ibérica and the Italian Esseco have launched public acquisition offers (OPA) that are currently ongoing.
In fact, this Tuesday, the National Commission of Markets and Competition (CNMC) decided to move to the second phase of its investigation on the impact of Esseco’s OPA. This is the same decision it made in January regarding Bondalti’s offer.
Also, the Commercial Court number 2 of Santander dismissed Iberdrola’s lawsuit against Repsol for ‘greenwashing’ as it did not find that their communications and campaigns constituted deceptive, illegal, and unfair competition.
In macroeconomic terms, it has been confirmed that Germany experienced its second year of recession in 2024 with a GDP fall of 0.2%, as confirmed by the Federal Statistical Office (Destatis). In 2023, the decline was 0.3%.
In this context, Enagás closed the session as the highest performer (+2.93%), followed by Mapfre (+2.28%), CaixaBank (+1.92%), Solaria (+1.79%), Telefónica (+1.56%), Cellnex (+1.55%), Indra (+1.53%), and Banco Santander (+1.51%).
On the flip side, Logista (-4.67%, due to the ‘ex-dividend’ effect), IAG (-1.50%), Amadeus (-1.46%), ArcelorMittal (-1.15%), and Repsol (-0.80%) were the biggest losers.
Regarding the rest of Europe, London rose by 0.11% and Milan by 0.63%. Meanwhile, Paris and Frankfurt fell by 0.49% and 0.07%, respectively.
In the commodities market, oil dropped by around 2.50% at the close of the European session. The Brent barrel decreased by 2.38% to $73, while West Texas Intermediate (WTI) stood at $68.94, down by 2.49%.
The yield of the Spanish 10-year bond was at 3.084%, down from 3.112% at Monday’s close. This led to a risk premium against German debt of 62.6 basis points.
In the forex market, the euro appreciated by 0.28% against the dollar, trading at an exchange rate of 1.0496 ‘greenbacks’ per unit of the common currency.
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