Analysis by Juan Carlos Ureta The stock markets have passed the test of SpaceX’s mega-IPO with flying colours, but what is most interesting is not so much that they have passed this test, but the sense that the financial markets are ready to face the investment cycle that lies ahead, a cycle in which financing needs are set to reach a scale never seen before. We are facing an economic…
Aena, Amadeus, IAG and the banking sector recorded the sharpest rises in a session in which the Spanish index rose above 19,000 points for the first time in its history following news that the United States and Iran will sign a Memorandum of Understanding on 19 June in Switzerland. Reported by the Consejeros Editorial Team The Ibex 35 and the rest of the European stock markets opened on Monday with…
The monthly figures have come as a surprise – and in this case, a pleasant one. Intermoney analysts had not expected year-on-year growth of 5% in May to 30.7 million passengers, even taking into account factors such as weekends. Their forecast for 2026 as a whole, 2.2%, now appears somewhat conservative. Report by Intermoney Aena announced its May passenger traffic figures last Friday whilst the market was open. Figures for…
Report by Link Securities The Spanish oil company and Masdar (Abu Dhabi Future Energy Company) have signed an agreement whereby Masdar will acquire a 49.99% stake in a portfolio of renewable energy assets in Spain for approximately €150 million. The transaction values the portfolio at €849 million. The portfolio comprises 705 megawatts (MW) of operational capacity, including 13 wind farms (402 MW) and six solar photovoltaic farms (303 MW), all…
Report by Renta 4 And finally came the announcement of the US-Iran agreement (not yet signed), leading to an upward opening on European markets (Eurostoxx futures up 1.7%, S&P futures up 1.3%, Nasdaq futures up 1.9%) and gains in Asia (Japan’s Nikkei and South Korea’s Kospi up 5%), with Asian emerging markets (the Philippines, Indonesia) leading the gains as they had suffered the most due to their dependence on energy…
Report by Renta 4 European markets open higher (Eurostoxx futures up 1.7%, US futures flat) and strong gains in Asia (Japan’s Nikkei up 3%, South Korea’s Kospi up 5%), in a session dominated by SpaceX’s market debut, against the backdrop of a potential US-Iran deal. In this regard, yesterday’s session was highly volatile, with initial threats from Trump of new air strikes against Iran and of taking control of Kharg…
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…
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…
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….