PPVA Sabadell
Madrid – The government cannot block BBVA’s buyout offer to Banco Sabadell’s shareholders, with the aim of taking control of the Catalan company, but it has the final word when approving a subsequent merger.
(Texts sent at 12:42, 1:13 pm, 4:35 pm)
– BBVA shares rose 1.15% to 9.71 euros after falling 6.7% on Thursday. They have seen an improvement of 22.4% so far this year. Sabadell, which started the session negatively, finally rose 0.73% to stand at 1.87 euros. By 2024, they accumulate a 71.6% increase.
– The National Securities Market Commission (CNMV) will investigate the complaint raised by Banco Sabadell last night, regarding the information provided by BBVA this Thursday regarding its takeover bid, sources at the stock market watchdog confirmed today.
– The government hides the high level of banking concentration in Spain and the foreseeable negative impact on employment, which are the main arguments for blocking the merger promoted by BBVA with Banco Sabadell.
Repsol board
Madrid – Antonio Brufau, the head of the Spanish multinational Repsol, said this Friday that “in this house we are neither prohibitionists nor deniers”, but “absolute activists in the fight against climate change”, making the Repsol industry more and more decarbonised.
(Text sent at 1:23 pm) (Photo)
– Repsol’s CEO, Josu Jon Imaz, this Friday criticized the tax on large energy companies, still temporary and unusual, as it “punishes” companies that invest in industrial assets, create “quality” jobs and guarantee Spain’s energy independence.
.
Shopping basket
Madrid – The reduction of VAT on food led to a fall of 442 million in collections in the first quarter, according to experts, the measure adopted in January 2023 could increase by 1.4 points due to the historic increase in purchase prices. Food CPI when it falls on June 30.
(Text sent at 9:07 am)
.
IAG results
MADRID – International Airlines Group (IAG) lost 4 million euros between January and March, compared with a negative 87 million in the same period in 2023, practically returning to balance in the first quarter, the weakest of the year, driven by increases. Passengers 8.6%.
(Text sent at 12:34 pm)
– Iberia offers six airlines to change routes to buy Air Europa (Text sent at 10:06 am)
– The airline group fell 0.19% on the stock market after reporting results for the first quarter of the year.
.
Short markets
MADRID – The main Spanish stock market index IBEX 35 hit its highest levels of the year on Wednesday, facing the last session of the week with doubts raised in Thursday’s session after the takeover of BBVA Bank Sabadell. With options to maintain positive weekly numbers.
(Text)
– The Spanish stock market gained 0.5% this Friday to recover 11,100 points, encouraged by the rise of international markets, some European at historic highs, and most large values, according to data from the market. .
(Text sent at 5:47 p.m.)
– In large values, Telefónica, 1.18% (the second biggest drop in IBEX) and Banco Santander, 0.74% (fourth place due to losses in that index), Iberdrola gained 1.75% ; BBVA 1.15%, Repsol 0.51% and Inditex 0.28%.
– Other European stock markets ended with gains: Milan rose 0.93% and London, Frankfurt and Paris rose 0.63%, 0.46% and 0.38% respectively to all-time highs. The Euro Stoxx 50 index, which combines major European listed companies, rose 0.61%.
– Wall Street is moving unevenly this time and its main indicator, the Dow Jones Industrial Average, is up 0.31% and the select S&P 500 is up another 0.10%, while the Nasdaq Market Composite Index, which combines technology companies, is down 0.11%. According to the University of Michigan, U.S. consumer confidence fell nearly ten points in May to 67.4, driven by a rise in inflation expectations, which led to a rise in the value of the dollar and the profitability of debt. By eliminating the possibility of interest rates falling.
– The ECB sets the euro’s reference exchange rate at 1.0779 dollars, compared with 1.0732 the previous day.
– At the close of the stock market in Europe, Europe’s benchmark Brent Oil was trading down 0.18% at $83.73, and the US benchmark West Texas Intermediate (WTI) lost 0.87% at $78.57. .
– At the end of the credit market, the yield on Germany’s 10-year bond, considered safe, rose two basis points to 2.515%, while interest on long-term Spanish debt rose nearly three basis points to 3.306%. 79.1 basis points with a risk premium with Germany.
– The ten-year US bond yield is currently 4.507% (+0.059) and the two-year dividend is 4.868% (+0.061).
– Gold rose 0.73% to $2,063.5 a troy ounce, while Bitcoin – the most used cryptocurrency – fell 2.21% to $61,250.9.
.
Motor Ford
València – Ford’s Almussafes (Valencia) factory will start producing a new multi-energy vehicle in mid-2027, hoping to put 300,000 units on the market annually, and which will not be fully electric, guaranteeing workloads and employment. Bigger than an electric vehicle.
(Text sent at 12:41 pm)
.
Types of ECB
Frankfurt (Germany) – Members of the European Central Bank’s (ECB) Governing Council have “broadly agreed” to keep interest rates at 4.5%, although “some members are sufficiently confident” that interest rates could be cut. A more than desirable effect on the economy.
(Text sent at 2:52 p.m.)
.
R.UNITED GDP
LONDON – The United Kingdom has emerged from a tech recession recorded at the end of 2023 with gross domestic product (GDP) growth of 0.6% in the first quarter of this year, driven by key manufacturing sectors, the Office for National Statistics said this Friday. (ONS).
(Text sent at 8:33 am)
.
EFECOM
cs/vnz/apc/emm
EFE Economics Editorial (34)913 46 75 74
You can write to [email protected] to contact our editorial team.
In www.efeservicios.com You can find the EFE Agency’s multimedia product and its world agenda, an updated list of planned information events.
For any other product or service, please contact [email protected] or call +34 91 3467245
