Reported by Jaime Sicilia Martínez The main European indices have risen on the back of encouraging signs of progress towards an extension of the ceasefire between the United States and Iran. Consequently, oil prices are falling, whilst shares linked to AI continue to rise, particularly those in the memory chip sector due to supply shortages. The Ibex 35 closed up 0.46% and the Euro Stoxx 50 fell by 0.1%. Over…
Analysed by Jefferies We foresee a more challenging outlook than expected for 2026, with high inflation, a likely different trajectory for interest rates and lower consumer confidence following events in the Middle East; however, we expect earnings to prove far more resilient than this year’s share price performance suggests (down 18% against a rise of 6% for the SXX). The valuation is now very attractive, with a P/E ratio of…
Reported by Álvaro Romero Mateu European stock markets closed with moderate declines, influenced by the rise in oil prices and uncertainty over negotiations between the US and Iran. The Ibex 35 fell by 0.6%, the EuroStoxx 50 dropped by 0.3% and the STOXX 600 fell by 0.6%. In Asia, the session was mixed. In Japan, the TOPIX fell by 0.4%; in South Korea, the KOSPI dropped by 0.5%; in Hong…
Report by Singular Bank Banco Sabadell was one of the day’s key players as the stock market priced in the special dividend of €0.50 gross per share to be paid on 29 May. Although the move triggered a technical correction in the share price, the bank emphasised that, excluding the dividend’s impact, the share price had risen slightly during the session. The payment is linked to the sale of TSB…
CVC sells its 13.8% stake and exits Naturgy’s share capital, having carried out an accelerated placement aimed at institutional investors in which it successfully placed 11.08% of the shares at a price of €28.55 per share, representing a 4.6% discount on Tuesday’s closing price. Reported by Consejeros Editorial Team On Tuesday at market close, CVC commissioned the sale of an 11.08% stake in Naturgy via a book-building process. The price…
Report by Renta 4 Indra announced yesterday that the Board of Directors has appointed Jose María Recasens as the new Chief Executive Officer following the “non-renewal” of Mr José Vicente de los Mozos. Mr Jose María Recasens is Renault’s Chief Strategy Officer. The change will take effect on 17 June. An appointment that came as no surprise after it had been reported in the press that he was one of…
Reported by Jaime Sicilia Martínez Tonight’s skirmishes between Iran and the United States in the Strait of Hormuz have not hindered the continuation of negotiations nor altered market expectations regarding a final agreement. In Europe, the main indices have maintained a consolidation trend following six consecutive sessions of gains. Past experiences of breakdowns when an agreement seemed imminent are prompting investor caution, in a market vulnerable to profit-taking in AI-related…
Reported by Álvaro Romero Mateu European stock markets have closed with widespread gains amid improved market sentiment following news of progress in talks between the US and Iran to reopen the Strait of Hormuz. The IBEX 35 rose by 2.2% and surpassed 18,300 points, whilst the EuroStoxx 50 advanced by nearly 2.0%. The main European indices moved higher, with lower trading volumes due to the London market being closed. Wall…
Reported by Banco Sabadell According to press reports, the Ministry for Ecological Transition (MITECO) has reportedly initiated the consultation process for the proposed third amendment to the 2021–2026 Electricity Transmission Network Development Plan, with an estimated investment of €607 million, which aims to reduce the use of combined-cycle power stations when providing technical services to the system. Following this amendment, the total investment for the 2021–2026 planning period would reach…
Report by Link Securities US Republican senators have asked the country’s authorities to investigate Banco Santander’s acquisition of Webster and not to proceed with its authorisation until the “security concerns” raised by the deal have been addressed, the newspaper Expansión reported on Friday. In a public letter, Senators Bernie Moreno and Tim Sheehy state that ‘in the current geopolitical environment, ceding control over US deposits, data and credit decisions to…