The IBEX 35 finally rose by 0.16% to 10,102.10 points on Friday. Grifols has been at the forefront of the progress, with an increase of at least 8.61%. Banco Sabadell follows far behind with a revaluation of 1.60%. Falling, IAG (Iberia) lost 1.11% and Cellnex 0.92%.
With today’s rise, Real Madrid’s selection concludes an advance of 22.76% this year 2023. I couldn’t achieve such a positive balance since 2009, when it reached a 30% revaluation in full rebound (ultimately fleeting) after the bankruptcy of Lehman Brothers the previous year. However, it remains below the annual high of 10,258.10 points reached at the beginning of the month. In the month of December, the cumulative data finally shows a more modest progress, equal to 0.43%.
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The great protagonist of the year was Laboratorios Rovi, with a spectacular revaluation of over 70% in the year, recovering levels that it had not reached since July 2022. Followed by Inditex, which closed in all-time highs after rising 65% for the yearand ACS, which added more than 60%. In contrast, Acciona and its subsidiary Acciona Energías Renovables lost almost 20% for the year.
If you look at this Friday’s session, it was Grifols who dominated the buying. His shares skyrocketed after he announced a strategic alliance with Haier Group to develop the plasma market in China. In the main part of this deal, Grifols will sell approximately 20% of its stake in SRAAS to Haier for RMB 12.5 billion (approximately USD 1.8 billion).
The proceeds from this transaction, which is subject to customary closing conditions, including regulatory approvals, will be used to reduce Grifols’ debt.
Another company that has made headlines is Ferrovial, which reached new historic highs in a year in which it was the protagonist a transfer of headquarters that led to friction with the Government. The company made headlines today for selling the assets of Cintra, its motorway subsidiary, to Interogo Holding, the investment company of the founder of Ikea, notably with the sale of its stakes in Vía de la Plata, SerranoPark and others , how does it count? Expansion.
Meanwhile, according to publications, Iberdrola is suspending its operations in Mexico The Economist, as it will have to sign, by the end of this year, the sale of 85% of its generation capacity to Mexican Infrastructure for 6 billion, while it will also decide on the extension of the PNM purchase operation in the United States. In total, operations for a total of approximately 10,000 million euros.
In the Continuous Market, the Council of Ministers authorized “unconditionally” the public takeover bid for the 100% acquisition of Applus+ by Apollo, raised on 30 June for 1,226 million euros in cash, as communicated by the American investment fund to National Securities Market Commission (CNMV).
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On the day’s macroeconomic agenda, investors had breakfast with early December CPI data. As published by the INE, the interannual rate fell by a tenth to settle at 3.1%. Core inflation also fell more, placing its rate in the last twelve months at 3.8% from the previous 4.5%.
The other major information point of interest of the day was the replacement of Nadia Calviño at the helm of the Ministry of Economy. Finally, Carlos Corpo will take over his portfolio, as announced today by the President of the Government, Pedro Sánchez. María Jesús Montero will become the first vice-president of the Executive.
The increases also dominated the rest of the European stock markets, with the EURO STOXX 50, the main indicator of the Old Continent, rising by 0.17% to 4,521 points. The DAX gained 0.14%, while in Paris the CAC 40 gained 0.11%. The FTSE 100 in London advanced by 0.14%.
On Wall Street the last session of the year began without many changes. With no major landmarks in sight, the day looms with little activity before the New Year holidays. One of the few incentives will be to see whether the S&P 500 will reach all-time highs or will have to wait for a more favorable opportunity, although at the moment it seems to opt for the latter option.
Already in Asia, the Nikkei 225 ended 2023 with its best year in a decade on expectations of better governance, although it fell in the daily session due to a lack of major triggers.
Specifically, today it fell by 0.22% and closed at 33,464.17 points. However, it grew 28% over the year, marking the largest annual increase since 2013, when Haruhiko Kuroda took over as governor of the Bank of Japan and initiated massive monetary easing to boost asset values .
Oil falls 10% for the year; the euro appreciates against the dollar
In commodity markets, today’s increases in major oil contracts will not impede black gold closes the year with a decline of close to 10%, the first annual decline in two yearsafter geopolitical concerns, production cuts and global measures to curb inflation have caused sharp price fluctuations.
Europe’s benchmark Brent oil futures rose 0.58% to $77.60 a barrel today, while US West Texas paid $72.22.
In fixed income, the Spanish risk premium compared to the German one closes below 100 points, reaching 95.15 points this Friday, with the security offering a yield of 2.98%. On the other side of the Atlantic, the yield of the American benchmark bond stands at 3.876%, a far cry from the 5% levels reached just a couple of months ago.
In currencies, The dollar will close 2023 with its first loss against the euro since 2020 and a basket of currencies, due to expectations that the Fed will begin cutting rates next year as inflation moderates.
The euro fell 0.13% to $1.1049 today, below a five-month high of $1.11395 reached on Thursday. The single currency is on track to grow more than 3% this year, its first annual rise since 2020.
Gold prices are stable this Friday and heading towards his best year yet since 2020, comfortably over $2,000 an ounce. This Friday they mark $2,061.89.
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2023-12-29 16:40:00
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