Aena drops 3% after learning it will operate 11 airports in Brazil for 780 million, with nearly 1,000 additional million in investment
European markets resumed their declines in a low-reference session and after the remarkable gains of the past month and a half, which have wiped out much of the losses accumulated so far this year. The Ibex-35 lost 8,400 points down 0.8%.
Among the most bearish values, Colonial, IAG and Aena stand out, with declines of more than 3%. The airport manager is the main protagonist of the session, after announcing at the end of Thursday the concession of 11 airports in Brazil for 780 million euros, with almost 1,000 additional million in investments, the company’s largest international operation to date.
At the top of the table are just six values, with Solaria leading the increases by more than 1%. Acciona, REE and Acciona Energía also managed to maintain a positive tone.
Investors are trying to process renewed doubts about how firm central banks will be in raising interest rates to fight inflation. It is true that the market has discounted that the next rises will be more moderate given the prediction that prices have peaked. But data released this week on inflation of 9.8% in the eurozone in July has reactivated the possibility that the ECB is betting on another 50 basis point gain at its September meeting.
Link Securities analysts are also recalling that the markets are taking a breather after their recent rally. “The fact that a significant portion of it resulted from the need for some major bearish investors to close short positions given the level of losses they incurred, along with the high level of overbought achieved by major indices and by many stocks , makes it difficult for stock markets to keep climbing positions in the short term without stopping along the way,” they say.
In addition, it should be remembered that Friday in the Spanish stock market will be marked by the monthly expiration of derivatives, which always increases volatility at a time when, in addition, low trading volumes prevail.
In the commodities market, the price of a barrel of Brent, a benchmark in Europe, is giving up positions as high as $95.7, while the US West Texas is trading below $90.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
