Markets

spacex 1200x675 1

Is space the new Eldorado for investors?

By Edmond de Rothschild SpaceX’s initial public offering (IPO), scheduled for 12 June, has reignited investor interest in the space sector. The sector offers enormous commercial potential for telecoms operators, defence companies and data processing infrastructure providers. The total potential market is estimated at $1.8 trillion by 2035, and whilst it could be much larger, it is difficult to calculate at this early stage. The main bottleneck lies in launching…


ECB luminalejpg

Keep an eye on ECB today: first interest rate hike since September 2023 widely expected

Report by Renta 4 European markets opened lower (Eurostoxx futures down 0.5%) whilst US markets edged higher (S&P futures up 0.3%, Nasdaq futures up 0.4%) following falls of more than 1% yesterday, closing at session lows, and a flat session in Asia (Japanese Nikkei up 0.1%, South Korean Kospi up 0.1%) on a day when the main focus will be on the ECB, which we expect to announce its first…


bolsa espana reloj

Session of mixed fortunes in Europe: Ibex 35 falls 0.18% to close at 18,142 points

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…


EEUU

US inflation figures for May to set tone for session: headline rate expected to rise from 3.8% to 4.2%, core from 2.8% to 2.9%

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….


Ibex

Mixed trading on European stock markets: Ibex 35 falls 0.27% to close at 18,174 points

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…


intesaSanpaolo2CM

Intesa Sanpaolo launches takeover bid for 100% of Monte dei Paschi’s share capital with 12.5% premium

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…


China tecnologia

AI drives China’s trade surplus to $105.43 billion annually in May

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…


bolsa madrid reloj paneles 1

Mixed performance in a volatile session: Ibex 35 falls by 0.66% to close at 18,223 points

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…


Iberdrola edificio

Iberdrola to develop 1,000 MW energy storage battery in Australia, company’s largest to date

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…


InmoColonial

Colonial AGM: rising financing costs will impact EPS, but guidance remains unchanged

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…