Hard punishment for the Ibex, dragged by Acerinox, Acciona and the 'blue chips'

The Ibex 35 has fallen by 1.8%, to 9,030.60 points, in a bearish day for world stock markets. Within the selective, Acerinox has been the undisputed 'red lantern', with cuts of 10%, after Nippon Steel has sold about 8% of its capital. In addition, large stocks such as Repsol, Telefónica, Santander and BBVA have also notably ceded. On the positive side, only PharmaMar and Cellnex Telecom have held out. During the week, the Spanish index is down 1.9%.

Investors thus face the last session of a week that has been intense from an informational point of view, but in which the Ibex has barely moved since it broke the highs of the year on Monday. After rising that day by 0.8%, it has been accumulating days of moderate falls until this Friday. For the moment calm and slight declines are maintained throughout Europe, waiting to see if the expiration of options and futures on both sides of the Atlantic ('quadruple witch hour') manages to encourage the indices.

Wall Street closed this Thursday with a mixed sign, with falls in the Dow Jones and the S&P and rises in the Nasdaq of 0.87%. In Asia the red numbers have dominated the day. There, the Bank of Japan has kept its monetary policy unchanged, as well as its aid program against the pandemic.

"For the time being, the Bank will closely monitor the impact of Covid-19 and will not hesitate to take additional easing measures if necessary, and also expects short and long-term interest rates to remain at their current levels or higher. low, "the Japanese central bank said in its monetary policy statement.

The agenda for this Friday is considerably empty. After the Eurogroup meeting on Thursday, there is an Ecofin meeting today.

MORE DETAILS ABOUT ACCIONA ENERGÍA

Acciona offered more details on Thursday about the expected IPO of its renewables subsidiary, Acciona Energía. It will jump into the market at a price of between 26.73 and 29.76 euros and finally a minimum of 15% of the share capital and a maximum of 25% will be placed.

The non-binding price band established for the offer represents a market value for Acciona Energía of between 8.8bn and 9.8bn euros for its IPO ('equity value'), equivalent to a company value of between 11.9bn and 12.9bn ('enterprise value').

At the business level, Acerinox will also be discussed today after the placement of 7.9% of the capital by Nippon Steel at a price of 10.20 euros per share. We recall that yesterday Acerinox closed at 10.82 euros.

OTHER MARKETS: ATTENTION TO THE DOLLAR

The market is closely following the strong appreciation of the dollar after the meeting of the Federal Reserve (Fed). The currency is on track to sign its best week of the last nine months. The euro, meanwhile, remains at a two-month low and trying to maintain 1.19 (-0.03%. 1.1903).

Oil lost 0.8%, to $ 72.46 for Brent and $ 70.50 for West Texas.

Gold and silver advance positions, up to 1,784 dollars the first and 26.18 dollars the second.

Bitcoin is down 0.5% to $ 37,585, and Ethereum is almost flat at $ 2,336.

The yield on the 10-year American bond stands at 1.509%.