Reported by Jaime Sicilia Martínez The main European indices fell following the opening of the US markets, with technology and industrial stocks once again leading the losses in both cases. The rise in oil prices has limited the indices’ gains. The IBEX 35 closed down 0.2%, the German DAX was the hardest-hit index in Europe with a loss of 0.9%, and the Euro Stoxx 50 fell by 0.6%. In the…
Report by Bankinter The US has bombed Iranian air defences near the Strait of Hormuz and Iran is responding with attacks in various parts of the Middle East. Although these attacks appear to have been successfully intercepted, they are weighing on stock markets: Japan (down 2%); South Korea (down 6.5%); NY futures (down 0.2%)… However, what will really determine the direction of today’s session is US inflation (14:30) for May….
Reported by Jaime Sicilia Martínez The main European indices started Tuesday’s session in positive territory but then fell back as US markets opened in the red. The Ibex 35 closed down 0.27%, whilst the indices in Italy and France stood out with gains of 0.1% and the Euro Stoxx 50 fell by 0.2%. In Europe, the technology sector was once again the worst performer (down 1.7%), followed by the energy…
Reported by Bankinter Intesa Sanpaolo (ISP) is offering a share swap of 1.6 ISP shares for every MPS share with a cash payment of €1 per share, subject to the acquisition of 66.67% of the share capital of MPS. The offer values MPS at €10.09 per share, implying a premium of 12.5% over Friday’s closing price and 17.4% over the average share price over the last three months. This is…
Report by Renta 4 Flat opening on European markets (Eurostoxx futures down 0.1%, S&P futures up 0.2%, Nasdaq futures up 0.3%) and a strong rebound in Asia (Japan’s Nikkei 2%, South Korea’s Kospi 8%) Yesterday, once again, and following the overnight escalation in the Middle East conflict, with crossfire between Israel and Iran and Hezbollah’s admission of having taken part in the attack on Israel (whilst banning Israeli shipping in…
Reported by Nicolás Lopez Medina Following a clearly bearish opening, European stock markets recovered ground throughout the day, buoyed by a diminishing fear of an escalation of the conflict in the Middle East. Improved investor sentiment during the session allowed the market to recoup much of the losses recorded at the opening. The technology sector led the intraday recovery after having been the main focus of selling in the early…
Reported by the Editorial Team A friendly takeover bid in 2020 for the renewable energy company Infigen Energy marked the start of the energy company’s activities in Australia. Since then, the country has established itself as one of the markets in which Iberdrola has shown the clearest commitment. In the last month, the Spanish company has achieved two new milestones there. I1berdrola has submitted a proposal to the Australian Government…
Intermoney Analysis Colonial SFL held its CMD in Madrid on Thursday, which did not yield any major news. The REIT confirmed its strategic focus based on the following pillars: 1) operational leverage of office assets in the CBD, a product that will remain the priority, without ruling out entering the German market; 2) strengthening Plan X, focused on the transformation of assets, whether through development from scratch or a change…
Reported by the Editorial Team Acciona Energía has agreed to sell its remaining hydroelectric assets, a 64 MW portfolio comprising 18 small hydroelectric plants in Navarre and La Rioja, to White Summit Capital for €66 million, debt-free. The transaction, which is expected to close in the coming weeks, is forecast to generate capital gains of approximately €55 million. Hydroelectric generation has been part of Acciona’s business since it entered the…
Report by Bankinter Next Thursday, 11 June, the Technical Advisory Committee (CAT) will hold a meeting to review the composition of the Ibex 35. On this occasion, there could well be changes. Técnicas Reunidas could join the index, replacing Acciona Energía. What do we think will happen at the CAT meeting? On this occasion, there could be changes. Técnicas Reunidas is the best-placed candidate to join the index. Its trading…