Monday, July 4

The Ibex 35 rises more than 1% and exceeds the level of 8,800 points

New year, new stock market challenges. The IBEX 35 ended 2021 with a rise close to 8%, a considerable rise but much less than that of some European indices, such as the 30% reached last year by the French CAC. In any case, in the first session of 2022, the main Spanish selective also opens in green, specifically, with a rise of 0.18% at 8,729 points.

Within the IBEX 35, the best is for IAG (Iberia), which adds 2.32% to 1.7435 euros, MERLIN Properties advances 1.36% to 9.70 euros and Acerinox rebounds 0.92% in the 11.49 euros. On the negative side, the biggest falls were for Naturgy, which left 1.08% at 28.32 euros, Telefonica lost 0.70% to 3.8250 euros and ArcelorMittal subtracts 0.63% from 28, 1950 euros.

For its part, all Ibex 35 banks also opened upwards: increases of 0.62% for Bankinter, 0.67% for Banco Sabadell, 0.55% for BBVA and 0.61% for Caixabank and 0.41% for Banco Santander.

At continuous market The biggest increases in this start of 2022 are Berkeley Energia with 6% above, PRISA with 4.96% and Grupo Insur with 3.90%. On the other hand, the greatest decreases were for Adolfo Dominguez (-7.37%), Elecnor (-5.90%) and Vocento (-4.96%).

In the business field, it should be noted that today Endesa distributes a dividend payable for 2021 of 0.50 euros gross per share. With this ordinary dividend, Endesa fulfills its commitment to distribute a dividend charged to the year equivalent to 80% of the ordinary net attributable profit of the electricity company.

Faes Farma distributes an interim dividend for 2021 of 0.171 euros gross per share. The holders of 85.38% of Faes Farma shares have opted for the new shares of the company within the framework of the new flexible dividend, as reported by the company on Monday to the National Securities Market Commission (CNMV).

As 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, 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.

Telefonica Tech, in collaboration with its partner Contazara, the leading manufacturer of Spanish electronic meters, will be in charge of the supply and communications service of Canal de Isabel II in the initial phase of its Smart Region Plan.

Goldman Sachs recovers its 5.8% stake in Sacyr, which had temporarily reduced to below 1%. Remember that the investment bank has been present in the capital with a significant participation for more than 10 years.

Other markets

In Europe, the German DAX has opened the year with rises of 0.39% in the 15,497, the French CAC 40 with advances of 0.62% in the 7,197.40, the Italian stock market rebounded by 0.27% in the 27,422 and the Euro Stoxx 50 added 0.42% at the opening to 4,323.95 points. For its part, today the UK stock market remains closed.

The hong kong stock exchange It fell on its first trading day in 2022, having posted the worst performance of any major global market the previous year as new fears about the health of China’s property market weighed on investor sentiment. The índice Hang Seng It fell 144.98 points, or 0.62%, to 23,252.69 points at noon on Monday. The index Hang Seng China Enterprises it fell 0.85% to 8,166.54. Hong Kong’s benchmark index lost 14.1% last year, its worst annual performance since 2011 and the world’s worst market in 2021, hit by falls by Chinese tech giants and fears over the health of the Chinese real estate sector. .

The mainland China markets are closed for public holidays, and trading volumes in Hong Kong were low. Some 322.68 million shares of the Hang Seng Index were traded, roughly 20% of the market’s 30-day moving average.

The actions of China Evergrande Group they 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 firm, is struggling to repay more than $ 300 billion in liabilities, including nearly $ 20 billion in international market bonds that rating companies deemed cross-defaulted last month. The developer defaulted on new coupon payments worth $ 255 million that were due last Tuesday, although both have a 30-day grace period. The company has created a risk management committee with many members of state-owned companies, and said it would actively engage with its creditors.

Wall Street ended the year with falls. Last Friday, December 31, the Dow Jones closed with a 0.16% subtraction at 36,338.30 points, the S&P 500 dropped 0.26% to 4,766.18 units and the Nasdaq 100 subtracted 0, 66% in the 16,320.08 points. This Monday, American futures move with increases of around 0.25 and 0.40%.

The oil prices They were rising into 2022 on a positive note, although concerns about declining demand due to the rapid spread of the COVID-19 pandemic limited gains. This morning, the Brent futures rose 0.69% to $ 78.32 per barrel, while those of the West Texas They were up 0.68% at $ 75.72.

The OPEC + sees a modest, short-term impact from Ómicron as countries are better prepared to manage the pandemic and reduce its economic impact, according to a technical committee ahead of tomorrow’s meeting. He adds that he sees crude inventories below the average of the last 5 years at least until 4Q22.

The euro / dollar starts 2022 correcting positions. The pair gives continuity in the first bars of the year to the trend shown throughout 2021 in which more than 8% was left. This Monday, euro trades with drops of 0.20% in the 1.1345 greenbacks.

In the cryptocurrency market, Bitcoin is down 0.60% and moves at $ 46,896.0.

Economy and politics

The Spanish public treasuryHe faces the start of the year with an auction of government bonds and obligations next Wednesday, January 5, with which he will kick off the 2022 issues. Thus, the 2022 issues will start on January 5, with this auction of government bonds and obligations, which will be followed by another on January 11 in which 6 and 12-month bills will be issued. For 2022, the expected net financing needs will be around 75,000 million euros, in line with the end of 2021, although the full program will be announced, as every year, at the beginning of this month of January in the presentation of the Strategy Financing of the Public Treasury.

The Spanish labor reform keep making headlines. The new temporary contracts will take effect on March 31. Current work and service contracts may now last 3 or 4 years, if the company so wishes. The fines against hiring fraud are multiplied by each worker in that situation. The new RED Mechanism is born to try to avoid layoffs in crises. The company retains the priority of the agreement, except for the salary, which will be the sector.

The percentage of homeowners in Spain it has gone from 79.8% in 2010 to 75.1% of the population in 2020, 4.7 percentage points less in a decade, according to Eurostat data consulted by Europa Press.

The average price of electricity in the wholesale market It will rise again this Monday, specifically 9.88% compared to the price of this Sunday, so that it will reach 150.50 euros per megawatt / hour, according to data published by the Iberian Energy Market Operator (OMIE) collected by Europa Press.

The contributory pensions They will rise 2.5% this year based on the formula contemplated in the pension reform and in which the CPI is taken into account to avoid losses in purchasing power. Specifically, this 2.5% increase is the result of the average CPI between December 2020 and November 2021. Pensions for passive classes will also rise by 2.5% this year.

Sunday will over 4,000 flights canceled around the world, more than half of them in the United States.

Biden says to Ukraine that the US will “respond decisively” if Russia goes ahead with its invasion.

Agenda of the day

The manufacturing PMI for December published in Spain, Germany, France, Italy, the Eurozone and the US will be the ‘star’ data with which investors will start the new year. In our country, the credit to companies and families for November and the Euribor for December will also be known.

Reference-www.estrategiasdeinversion.com

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