Wednesday, November 30

The Ibex 35 does not reach 8,800 points with a view to the minutes of the ECB

The European stock markets register a mixed tone at this time, pending the publication of the minutes of the last ECB meeting and the clues that may come from a possible tightening of its monetary policy, at a time when inflation continues to rise.

The German DAX rose 0.10% to 15,825 points, the CAC 40 fell 0.20% to 7,158 and the FTSE 100 fell 0.05% to 7,585 points, while the Italian stock market rose 0 .33% and the Euro Stoxx 50 advanced 0.13% to 4,273 units.

Meanwhile, the IBEX 35 rose 0.23% to 8,795 points. The best is for Siemens-Gamesa (+2.45%, 18.84 euros), Almirall (+2.38%, 11.18 euros) and Cellnex (+2.11%, 43.58 euros). In negative, the biggest falls are for Repsol, of 2.71% in 10,824 euros, ArcelorMittal leaves 1.90% and Mapfre cuts 1.54%.

Today we learned that Repsol is unleashing the great hydrogen battle with the launch of Shyne (Spanish Hydrogen Network), a project to lead the development of renewable hydrogen in Spain through the mobilization of a total investment of 3,230 million euros, thus becoming at the head of the race unleashed among the greats of the energy sector to lead the promotion of this technology in the country. The shares of the oil company yield more than one percentage point at the opening, to 11.0240 euros.

All in a session in which the bank is also listed with a mixed sign: Banco Santander leaves 0.30% and Caixabank yields 0.25%. In positive, Banco Sabadell advances 0.46%, BBVA adds 1.12% and Bankinter rises 0.47% to 5.1480 euros, after announcing that it closed the 2021 financial year with a profit of 1,333 million euros. euros, a figure that includes the capital gain obtained from the spin-off and IPO of Línea Directa but also reflects the organic growth of the bank, since the recurring net profit stands at 437.4 million euros, 37.9% more than in fiscal year 2020.

In the Continuous Market the shares of Nextil (Dogi) rise more than 9%. It is followed by Grenergy, with advances of 3.82% and also increases for Aperam, of 2.78%. In negative, the worst is for AmRest, which falls more than 8%. Squirrel Media drops 5.54% and Renta Corporación gives up 2.88%.

Prosegur Cash pays a 25% interim dividend for 2021 for a gross value of 0.004 euros per share

Ibercaja announced this Thursday its intention to launch an initial public offering to go public. The Spanish authorities gave the old savings banks, such as Ibercaja, a deadline until the end of next year to go public or raise funds and thus reduce the shares of the foundations, in application of the terms of the bank rescue after the financial crisis.

The CNMV will control bearish bets that exceed 0.1%. Investors with short positions that represent at least 0.1% of the capital of a listed company must notify them to the CNMV from the beginning of February, according to a European regulation that lowers the threshold from the current 0.2%. The EU’s decision is due to the fact that the current situation has highlighted “the importance of collecting additional information on a permanent basis on significant net short positions in shares”.

Asian stocks snapped a five-day losing streak and rose, despite falls in Europe and Wall Street overnight as China underscored its currency and economic divergence by cutting interest rates. China’s central bank cut its benchmark interest rates on loans to businesses and households for the second month in a row in its January setting, while lowering a mortgage benchmark rate for the first time in nearly two years. The Nikkei rises 1.11% to 27,772.93 points, also increases for the Hang Seng, 3.25% to 24,912.00 and for the Seoul Kospi, 0.72%. On the other hand, the Shanghai compound is trading negative, down 0.09%, and the SZSE Component, down 0.03%.

On Wall Street, the DOW JONES Ind Average closed down 0.96% to 35,028.65 points, the S&P 500 0.97% was left in the 4,532.76 and the NASDAQ 100 subtracted 1.07% in the 15,047.84 points.

As for Crude Oil Futures, the price of crude oil is stabilizing as strong demand and short-term supply disruptions continue to support prices near their highest levels since late 2014. Brent crude falls a 0.41% at $88.10 while the West Texas fell 0.16% to $85.66.

In the foreign exchange market, the EUR/USD fell slightly against the dollar, 0.03% to 1.1338 units while Bitcoin rose 1.31% to $42,230.5.

ECB meeting minutes pending

The December inflation in the eurozone is confirmed at 5.0%, historical record. Euro zone consumer prices rose at a record pace in December, the European Union’s statistical office confirmed on Thursday, boosted by rising energy prices and supply chain bottlenecks as the economy is recovering from lockdowns and restrictions due to the pandemic. The statistical office of the European Union, Eurostat, said that consumer prices in the 19 countries that share the euro rose 0.4% month-on-month in December, for a year-on-year jump of 5.0%, the same as the initial estimate. published on January 7. Energy was responsible for 2.46 percentage points of the global year-on-year increase, and services for 1.02 points. Non-energy industrial goods added 0.78 points and food, alcohol and tobacco, another 0.71 points.

Markets await clues about the stimulus withdrawal in the minutes of the latest ECB meeting, which are published today.

Meanwhile, German producer prices rise by 5.0â????â?????%â????â???? in November, higher than expected.

Spain’s trade deficit increased by 69% year-on-year to November.

In the US, the day’s data will be weekly jobless claims, the Philadelphia Fed jobs report and existing home sales, along with IEA oil inventories.

In the fixed income market, the US ten-year bond offers a yield of 1.84%, Germany’s ten-year debt is at -0.03% while Spain’s ten-year bond offers a yield of 0.67%, with a risk premium of 69 basis points.