Markets

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European stock markets close higher after turbulent week: Ibex 35 rises 0.32% to close at 19,384 points

Report by Singular Bank European stock markets closed slightly lower on Friday following a turbulent week in the markets due to tensions in the Middle East. During the session, the Ibex 35 rose by 0.3%, whilst the Euro Stoxx 50 fell by 0.2%. At sector level, the banking and telecommunications sectors stood out, the latter driven by Vodafone, which rose by more than 12%, recouping losses from recent weeks. Technology…


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BBVA, former senior management, several police officers stand trial for illegal espionage

Reported by Consejeros Editorial Team Antonio Piña, a judge at the National High Court, opened the trial on Thursday against BBVA, its chairman between 2000 and 2018, Francisco González, and 14 other individuals, including former bank executives and senior police officers, over several allegedly illegal commissions made by the bank, which are said to have been carried out by the then serving police superintendent, José Manuel Villarejo, between 2004 and…


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Europe rebounds as Brent prices stabilise: Ibex 35 rises by 1.14% to close at 19,322 points

Report by Singular Bank European stock markets recouped some of their losses after Brent prices stabilised. The move does not eliminate the geopolitical premium, but it did reduce the risk of an immediate escalation in energy prices and allowed risk assets to rebound. The Ibex 35 rose by around 1.1% and regained the 19,300-point mark, in line with the Euro Stoxx 50, which also rose by nearly 1.3%. In the…


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25 per cent of S&P companies already reporting measurable benefits from AI

Analysis by Morgan Stanley Investors have expressed some concern about the shift from a ‘tokenmaxxing’ strategy – focused on maximising the use of artificial intelligence (AI) capacity within companies – towards a more cost-disciplined approach, and about the implications this could have for AI adoption. However, companies continue to highlight increasingly visible and quantifiable benefits derived from its implementation. In 2Q26, 40 per cent of companies identified as AI adopters…


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ESMA publishes technical standards on CCP admission criteria

Reported by Consejeros Editorial Team The European Securities and Markets Authority (ESMA), the regulatory and supervisory body for the European Union’s financial markets, has published its final report on the regulatory technical standards (RTS) relating to the elements of the admission criteria for central counterparties (CCPs), following the revision of the European Market Infrastructure Regulation (EMIR 3). EMIR 3 introduces amendments to the provisions relating to the requirements for participation…


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New Code of Good Governance to be put out for public consultation before end of year

“On 9 July, we will hold the final meeting of the expert group that has been involved in drafting the code (a group comprising issuers, investors, etc.), and afterwards we will meet with companies and other stakeholders who have not been involved in the drafting process, to hear their views and enable us to put it out for public consultation before the end of the year. The aim is for…


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Europe takes sharp hit as tensions in Iran resurface: Ibex 35 falls by 2.73% to close at 19,104 points

Reported by Singular Bank European stock markets have taken a sharp downturn after Donald Trump declared an end to the ceasefire with Iran. This development has brought back a risk premium to the market that had eased in recent sessions: the Ibex 35 fell by around 2.7 per cent, the Euro Stoxx 50 lost around 1.8 per cent and Wall Street also opened lower, albeit with more moderate declines. The…


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Inditex’s board re-elects six directors and appoints Goirigolzarri as independent director

Reported by Consejeros Editorial Team Inditex’s annual general meeting, held on Tuesday in Arteixo, approved the reappointment, for a further two-year term, of six of the ten members of its board of directors. Shareholders supported the reappointment of Marta Ortega Pérez as a non-executive director, Óscar García Maceiras as an executive director, Flora Pérez Marcote as a non-executive director, and the independent directors Denise Patricia Kingsmill, Pilar López Álvarez and…


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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 0.3%, Nasdaq 100 1%), dragged down by Asian markets, notably South Korea’s 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 giant to drop…


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Aena to impose restrictions on air traffic at near-capacity Barajas and over-capacity El Prat

Report by Link Securities The airport operator will limit growth at Spain’s two main airports for the first time for the coming summer season. As reported by *Expansión*, Barcelona has already exceeded its theoretical maximum of 55 million passengers, and Madrid is approaching its optimal capacity of 70 million; whilst the expansions planned for the coming decade are underway, measures will be implemented to allow traffic to be managed during…