2022 has started in the stock markets and the tone could not be better. At the close, the DAX scored 0.8% on the 16,020 points; the FTSE – 100 has been closed for public holidays; the CAC-40 has advanced slightly more than 0.9%, over 7,220 points. The Eurostoxx 50 rises 0.6%, to 4,334 integers, and the FTSE MIB becomes the best stock exchange in Europe with increases of 1.4% that take it over 27,730 points.
The IBEX 35 scores 0.54% on the 8,761 points. IAG (Iberia) and Melia Hotels lead the increases in the selective. The airline advanced more than 5.4% at the close, to 1.7975 euros, while the hotel company advanced 3.9%, which will start tomorrow from 6.24 euros per share.
All the values linked to the tourism sector rise. In fact, Aena increased 2.4%, Amadeus rose 2.34% – to 61.04 euros – while other stocks such as Acerinox or Repsol sneaked into the top positions with advances of more than 2% at the close. By the way, according to what Divacons AlphaValue points out today, Acerinox announces the sixth price increase in the US (a country where it has generated around 70% of the estimated Ebitda for 2021) of $ 70/80 / Tm and which will be applied from January 2022. This rise means placing base prices at $ 1,750-1800 / MT, the highest levels in the US since 2009.
Banks are trading with advances. Bankinter rises more than 1.2% – to 4.5630 euros- Banco Sabadell closes with advances of more than 1%, Santander closes at 2.9505 euros while BBVA closes with advances of 0.19% that lead to the 5.26 euros.
Turkey’s annual inflation soared much more than expected, to 36.08% year-on-year in December, the highest since September 2002, data affected by the plunge in the value of the lira at the end of the year showed on Monday. last. The lira falls against the dollar, to $ 13.03 per lira after losing more than 44% of its value last year. The news about the lira affects BBVA, exposed to the country through Garanti, for which it announced a takeover bid to control 100% of the Turkish bank but it has not yet launched formally.
Caixabank is the only entity to close negatively and, at a rate of -0.12%, it closes at 2.4110 euros. Some falls that have little to do with those of Rovi, which left the session at 71.70 euros after losing just over 2.8% while Almirall or PharmaMar sneak into the top of the falls with a penalty higher than 2% in both cases.
At the corporate level, today we learned that Goldman Sachs recovers its 5.8% stake in Sacyr, which had temporarily fallen below 1%. Remember that the investment bank has been present in the capital with a significant participation for more than 10 years. The value falls slightly more than half a percentage point at the close.
The Polish ElektrociepÅ‚ownia Stalowa Wola SA (ECSW) will make a payment of 93 million euros to a subsidiary of the Spanish Abengoa A to end a conflict between the two groups, in line with the ruling of a Polish court . According to Abengoa, “said amount will be fully applied by (its subsidiary) Abener to meet commercial, fiscal, contractual, advisory commitments, and other obligations related to the execution of the project that is the subject of the award.”
In the continuous market, the increases of Berkeley Energia of more than 19.8% and of Grupo Ezentis and Airtificial stand out, which closed with double-digit returns in their price while Elecnor and Arima lead the losses with a penalty of more than 3% at the close .
The price of electricity will mark another maximum. Inflation on target
It seems like the ghosts of 2021 keep turning up, like Evergrande and the rise of light. And it is that the price of electricity in the wholesale market will rise again this Tuesday, with a slight increase of 1% compared to Monday, so that it will reach 152.15 euros per megawatt / hour. Even with everything, we have known that the General Council of Economists has calculated a growth of 5.6% in 2022, in line with its previous estimate, although it warns of the dangers of the rebound in inflation and core inflation. From Link Securities they recognize that, with the pandemic possibly giving its last death throes if the benignity of the Ómicron variant is finally confirmed, “in our opinion, inflation will be the variable that, with its behavior, will not only determine the behavior of the different sectors / stocks on western stock exchanges but, most likely, equities as a whole, at least during the first half of 2022. If “high inflation” persists or escalates in developed economies, this may accelerate growth rates. stimulus withdrawal plans by the main central banks, a process that is already underway ”.
At the macro level, today we have learned that ehe Purchasing Managers Index (PMI) of the euro area manufacturing sector stood at a level of 58.0 in December, in line with the provisional estimate. A survey of economists consulted by Reuters had predicted that in December the index would be located at 58.0. The provisional data had also been placed at 58.0.
For its part, the final manufacturing PMI for Germany stands at 57.4 in December, worse than expected and the figure for France stands at 55.6 in December, in this case better than expected. What’s more, The same indices will be published between Wednesday and Thursday, but for the services sector, both in Europe and in the US.
All in one session where Wall Street indices rise in the early 2022 after leaving a record 2021 stretching the Christmas rally. And it is worth remembering that this rally, when it occurs – 4 out of 5 years – during the last five sessions of the year and the first two of the year that begins, in theory, complies with this tradition. This Monday, the DOW JONES Ind Average opens with increases of 0.17% at 36,400.28 points, the S&P 500 it adds 0.38% to 4,784.38 and the NASDAQ 100 advances 0.80% to 15,769.51.
Evergrande earrings and the start of trading in Asia
And for tomorrow? Today, China’s Evergrande shares were suspended from trading on Monday pending the release of “inside information,” the troubled property developer said without giving further details. Evergrande, the world’s most indebted real estate company, is struggling to repay more than $ 300 billion in liabilities, including nearly $ 20 billion in international market bonds thatEU rating firms deemed cross-defaulted last month. Today the Asian stock markets, except the Kospi and the Hang Seng, have remained closed.
For the rest, the price of West Texas oil rises more than 0.49%, to $ 75.61. The Brent writes down 0.9%, until the 78.50 dollars. OPEC + is expected to go ahead with a planned increase in oil production of 400,000 barrels per day (bpd) in February at its next meeting, three sources from the producer group told Reuters on Monday. The Organization of the Petroleum Exporting Countries (OPEC) and Russian-led allies, known together as OPEC +, meet Tuesday to set policy..
In the currency market, the euro yields to $ 1.1294 while Bitcoin begins the year with falls of 1.3% that take it to $ 46,706.