The European stock markets arrive with declines this Friday after the falls in Japan and Wall Street. The IBEX 35 is down 0.96% at this time, at 8,729 points. In the rest of Europe we also see widespread declines. The DAX fell 1.35% to 15,696 points, the CAC 40 fell 1.18% to 7,109 and the FTSE 100 fell 0.73%. In the Italian stock market, the falls also exceed one percentage point and for the EURO STOXX 50 we see a cut of 1.15%.
The values that fall the most in the Ibex 35 this Friday at the opening are Siemens-Gamesa, which drops 9.71% to 17.11 euros, ArcelorMittal yields 3.89% to 29.80 euros, IAG (Iberia ) 3.29% at 1.8940 euros and PharmaMar left 2.97% at 56.12 euros.
At the corporate level, Siemens Energy cut its outlook on Thursday after wind division Siemens-Gamesa warned of protracted supply chain problems, renewing pressure on the German company to fully take over the unit in order to better control their problems. Siemens Energy, which owns 67% of Siemens Gamesa, said it now forecasts a margin on adjusted earnings before interest, taxes and amortization (EBITA) before special items in a range of 2% to 4% in 2022, compared to 3% to 5% above.
Siemens Gamesa cut its outlook for the third time in less than nine months, creating a headache for its German parent, which has limited influence in the separately listed subsidiary.
Siemens Gamesa’s loss before interest and taxes, before purchase price allocation (PPA) and before integration and restructuring (I&R) costs, were €309 million in the first quarter of its fiscal year, while first quarter sales were 1.8 million.
Diego Morín, IG analyst, explains the behavior of the Ibex 35 and Siemens Gamesa at a technical level.
Adolfo Domínguez reduced his losses by 27.6% in the first nine months of his 2021-2022 fiscal year (between March and November) to 10.83 million euros, while sales grew by 49%, to 60 .4 million euros, as reported by the firm this Friday, which has specified that the results include the extraordinary expenses generated by the employment regulation agreed in May 2021.
Amper, through its technology business unit, has signed a contract with the Turkish group Kalyon for the installation and commissioning of a communications system, CCTV systems and Control Center in the Turkish railway sections Bandirma, Bursa, Yenisehir and Osmaneli, for an amount of three million euros plus taxes, as reported this Friday to the National Securities Market Commission (CNMV).
Chinese Premier Li Keqiang promised “firmer steps” to boost domestic demand amid a slowing economy, the official China Daily newspaper reported today. In a plenary session of the State Council (the Chinese Executive), Li acknowledged that the Chinese economy is facing “new adverse factors and growing uncertainties”, for which he insisted on giving greater priority to “stabilizing growth”.
Wall Street closed this Thursday in red after staying in positive territory for almost the entire day in a new day marked by high volatility, after the NASDAQ 100 index was in correction the day before, that is, 10% below its latest record. According to data at the end of the session on the New York Stock Exchange, the DOW JONES Ind Average fell 0.89% and cut 313.26 points, to 34,715.39 units, while the selective S&P 500 fell 1.10% or 50.03 integers, up to 4,482.73 points.
The NASDAQ 100 composite index, which brings together the most important technology companies, and which yesterday plunged into correction territory, fell again by 1.30% or 186.23 units, to 14,154.02 integers.
The main index of the Tokyo Stock Exchange, the Nikkei, fell 0.9% this Friday due to the rapid expansion of the covid and the fear that the new restrictions imposed in much of the archipelago will impact the economy. The Nikkei, which brings together the 225 most representative titles on the market, fell 250.67 points to 27,522.26 integers.
The Topix, which includes the firms in the first section, those with the largest capitalization, subtracted 0.59% or 11.35 points, to stand at 1,927.18 units.
The Seoul Stock Exchange closed this Friday with a fall of 0.99% of its main indicator, the Kospi, and ended at its lowest level in more than a year due to concerns about inflation and expectations of more rate hikes. In U.S.A.
Bankinter analysts explain the widespread declines this Friday in the European stock markets. “The Russian invasion of Ukraine (probably partial) may be this weekend. And last night falls of -20% in Netflix and Peloton, companies that have benefited greatly from lockdowns that have already ended, so their new subscriptions and prospects disappoint. Expectable, but harmful when it happens and the figures are seen, since both companies published last night. Nerves about the Fed on Wednesday of next week (which would be the key reference now if Russia did not happen) and on J Feb. 03 of the following week the BoE could rise +25bp, up to 0.50%”, they comment.
The cumulative incidence or AI of COVID-19, which measures the cases diagnosed per 100,000 inhabitants in the last 14 days, stood at 3,279 in Spain on Thursday, compared to 3,286 on Wednesday, according to data from the Ministry of Health.
The turnover of the industry rose 19.1% last November compared to the same month of 2020, a rate 11.4 points higher than that of October and the highest since last June, according to data released this Friday by the National Statistics Institute (INE).
The services sector increased its turnover by 24.3% last November compared to the same month of 2020, a rate almost eight points higher than that of October and the highest since last May, as reported by the Institute this Friday. National Statistics (INE).
Bitcoin, the most traded cryptocurrency in the world, plummeted more than 4% this Friday and is trading below $40,000 ($38,949.50 at this time), to its lowest level since August, after learning that the Central Bank of Russia wants to ban both the buying and selling of cryptocurrencies.
The Spanish risk premium rises to 69 basis points and the return required on the ten-year Spanish bond stands at 0.63%.
Also drops for US 10-year bond yield, which yields 2.51% to 1.79%.
The euro rose against the US dollar, 0.26% to 1.1339 EUR/USD.
Oil is also trading lower this Friday, with a barrel of Brent down 1.53% to $87.04 and US West Texas down 1.60% to $84.17.