Markets

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Europe slips, weighed down by semiconductors: Ibex 35 falls 0.22% to close at 19,640 points

Report by Singular Bank European stock markets closed lower. The Euro Stoxx 50 fell by around 1.2%, and the IBEX 35 slipped by approximately 0.2% – a somewhat smaller decline following yesterday’s largely technical correction. The focus of the session was on profit-taking within the artificial intelligence sector. Samsung reported strong profit growth but failed to meet very high expectations, which dragged down semiconductor stocks and AI-related suppliers in Europe…


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Share-based remuneration at all-time high in US, almost all sectors increasing annual issuance

Morgan Stanley reports As the US equity market has risen in value, so too has stock-based compensation (SBC), which has now reached a volume of $330 Bn (up 9% year-on-year). Although the technology sector remains the largest issuer of SBC, virtually all sectors have increased their use of it over the past year. SBC has grown from 8% in the manufacturing sector to 28% in the utilities sector, although information…


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Mexico’s story continues to unfold: Jefferies adds BBVA to its stock selection, target price €27

Analysed by Jefferies BBVA shares have lagged behind so far this year against a backdrop of widespread risk aversion, butthe fundamentals remain solid for the European bank with thehighest RoTE (24%). Given that risks relating to Turkey are already largely priced in, looking ahead we see upside potential of over 50% relative to consensus earnings forecasts, with more than 50% of this coming from Mexico – the main point of…


samsung group offices raided probe into influence peddling widens

Samsung falls by around 10% after reporting results below consensus, despite 19-fold increase in operating profit

Report by Renta 4 European markets opened lower (Eurostoxx 50 futures down 0.4%, S&P 500 down 0.3%, Nasdaq 100 down 1%), dragged down by Asian markets, notably the South Korean Kospi index, which fell by more than 7% following the publication of Samsung’s preliminary Q2 figures (full results expected on 30 July) which, despite operating profit having increased nineteen-fold, fell short of the highest consensus estimates and caused the memory…


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Europe moving without clear direction: Ibex 35 falls 0.85% to close at 19,683 points

Report by Singular Bank European stock markets closed on a subdued note. The Euro Stoxx 50 fell by around 0.2 per cent, whilst the Ibex 35 retreated by nearly 0.8 per cent, driven more by dividend adjustments than by a general decline in risk appetite. The session lacked a single strong catalyst. Lower oil prices are helping to contain costs and inflationary pressure, but have acted more as a backdrop…


investment

Lower inflationary pressure could support share prices

Report by Renta 4 European markets opened with little change (Eurostoxx 50 futures down 0.1%), whilst US futures are trading significantly higher (S&P 500 up 0.3%, Nasdaq 100 0.7% up) catching up with the European markets following last Friday’s bank holiday, which reflected some improvement in the economic outlook thanks to positive macroeconomic indicators (PMIs in expansionary territory, a slowdown in US labour market growth) and oil prices (stable at…


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S&P 500 changing DNA (Fortuna SFP)

Analysis by José Manuel Marín Cebrián Yes, it is happening. A paradigm shift in the composition of the indices. The transition from an index based on value and profitability (earnings-weighted) to an index based purely on expectations and market capitalisation (growth/capitalisation-weighted) 1. The Conflict: Market Capitalisation against Fundamentals Historically, the S&P 500 has functioned as a quality filter thanks to the requirement for positive profitability (the requirement to report cumulative…


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Fourth consecutive week of gains on European stock markets: Ibex 35 rises 0.92% to close at 18,852 points

Reported by Nicolás Lopez Medina European stock markets ended the week on a high, marking their fourth consecutive week of gains, buoyed by optimism that the Federal Reserve will keep interest rates unchanged this year following the recent cooling of US employment data. Trading volume was low during the session due to Wall Street being closed for a public holiday, against a backdrop in which investors continue to draw on…


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OpenAI opens door to Trump’s interventionism with proposal to grant government 5% stake in company

Reported by Consejeros Editorial Team OpenAI has begun preliminary talks to grant the US government a 5% stake in the company free of charge, according to a report in the Financial Times. The proposal would form part of a broader initiative spearheaded by the company’s CEO, Sam Altman, to ensure Washington holds a similar stake in leading US artificial intelligence firms such as Anthropic, Google and Meta, although it is…


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Ibex 35 up 1.4 per cent, largely due to reform package announced by German government

Reported by Álvaro Romero Mateu European stock markets closed with clear gains following weaker-than-expected US employment figures, which eased pressure on interest rate expectations. This was bolstered by the reform package announced in Germany, featuring tax cuts and measures to boost business confidence. The Euro Stoxx 50 rose by around 1.2 per cent, the IBEX 35 by 1.4 per cent and the German DAX by 2.2 per cent. Oil continued…