Reported by Álvaro Romero Mateu European stock markets closed with moderate declines, influenced by the rise in oil prices and caution over the lack of progress in negotiations between the US and Iran. The IBEX 35 fell by 0.5%, the EuroStoxx 50 dropped by 0.9% and the STOXX 600 fell by 0.6%. In Asia, the session was mixed. In Japan, the TOPIX rose by 1.8% and China’s CSI 300 advanced…
Reported by Jaime Sicilia Martínez The main European indices have risen on the back of encouraging signs of progress towards an extension of the ceasefire between the United States and Iran. Consequently, oil prices are falling, whilst shares linked to AI continue to rise, particularly those in the memory chip sector due to supply shortages. The Ibex 35 closed up 0.46% and the Euro Stoxx 50 fell by 0.1%. Over…
Reported by Álvaro Romero Mateu European stock markets closed with moderate declines, influenced by the rise in oil prices and uncertainty over negotiations between the US and Iran. The Ibex 35 fell by 0.6%, the EuroStoxx 50 dropped by 0.3% and the STOXX 600 fell by 0.6%. In Asia, the session was mixed. In Japan, the TOPIX fell by 0.4%; in South Korea, the KOSPI dropped by 0.5%; in Hong…
Reported by Jaime Sicilia Martínez Tonight’s skirmishes between Iran and the United States in the Strait of Hormuz have not hindered the continuation of negotiations nor altered market expectations regarding a final agreement. In Europe, the main indices have maintained a consolidation trend following six consecutive sessions of gains. Past experiences of breakdowns when an agreement seemed imminent are prompting investor caution, in a market vulnerable to profit-taking in AI-related…
Reported by Álvaro Romero Mateu European stock markets have closed with widespread gains amid improved market sentiment following news of progress in talks between the US and Iran to reopen the Strait of Hormuz. The IBEX 35 rose by 2.2% and surpassed 18,300 points, whilst the EuroStoxx 50 advanced by nearly 2.0%. The main European indices moved higher, with lower trading volumes due to the London market being closed. Wall…
Report by Renta 4 European markets open higher (Eurostoxx futures up 0.9%, S&P futures up 0.3%, Nasdaq futures up 0.4%) following a session with little movement on Wall Street and gains in Asia, amid comments from US Secretary of State Marco Rubio regarding “positive signs for reaching an agreement with Iran”, which could be announced as early as today, with the spokesperson for the Iranian Ministry of Foreign Affairs, Esmail…
Report by Álvaro Romero Mateu European stock markets lost some of the momentum seen the previous day. The market is once again looking to the Middle East: doubts over a possible agreement between the United States and Iran have pushed oil prices higher once again and reignited fears of more persistent inflation. Against this backdrop, the IBEX 35 (down 0.4%) traded close to the 18,000-point mark with moderate declines, whilst…
Reported by Jaime Sicilia Martínez The main European indices have risen following the fall in oil prices and sovereign bond yields. The IBEX 35 closed up 2.2% and the Euro Stoxx 50 rose by 2.1%. The technology sector saw the biggest gains, driven by semiconductor firms, which have rebounded following the technical correction of recent sessions, buoyed by the positive outlook for Nvidia’s earnings release this evening. In the Asia-Pacific…
Modest gains on Wednesday for the Ibex 35 (0.46%, 17,654 points), as seen across most other European stock markets, which are rebounding but only moderately. Reported by Jaime Sicilia Martínez The major European indices are recovering some of their recent losses, despite Brent crude remaining above $105 and thus inflation estimates on the rise, while the conflict with Iran persists. Meanwhile, it appears that Saudi Arabia launched attacks against Iran….
Report by Renta 4 Recommendation: BBVA, Hold, Target Price €20.80/share; Caixabank, Overweight, Target Price €11.86/share; Santander, Overweight, Target Price €12.08/share; Sabadell, Overweight, Target Price €3.85/share Fitch has upgraded the long-term issuer and long-term deposit ratings of BBVA (BBVA) and Caixabank (CABK) by one notch in both cases to A (from A-) and to A+ (from A), respectively. In the case of Santander (SAN), it has raised the long-term rating to…