He DAX rises 0.12%, to 18,141.15 points, the FT-100 The CAC 40 fell 0.16%, to 7,616.97 points, the Eurostoxx 50 it is trading flat at 4,913.9 points and the FTSE MIB It is trading with timid increases that take it to 33,337 integers. The IBEX 35 rises 0.09% to 11,077.90 points at the opening this Thursday.
At the corporate level, the British operator Vodafone plans to sell a stake of almost 18% in India’s Indus Towers for up to $2 billion. A higher percentage than what was initially managed and which was around 10%. The British telecommunications company will use the proceeds to pay down debt. In 2022, Vodafone said it would sell its entire stake in the Indian company of which it owns more than 21%.
Ferrari’s first electric car could cost $500,000, according to sources cited by Reuters. It will launch it late next year and the price shows the automaker’s confidence that wealthy drivers are prepared to buy them even as rivals are lowering prices for electric cars amid falling demand.
Today we are also pending the evolution of Carrefour after the collapse of more than 9% that it suffered yesterday after learning of the French Administration’s intention to sanction the company with 200 million euros for the rules it imposes on its franchises. It considers that it uses “restrictive practices of competition” that consist of “suffocating franchises using a position of strength.”
The European Union will delay a central element of global bank capital rules reforms by one year to January 2026, the bloc’s financial services chief announced on Tuesday, to ensure a level playing field among EU banks. and its American rivals. Countries are introducing the latest batch of the global bank capital accord known as Basel III, put in place after taxpayers were forced to bail out lenders in the 2007-2009 global financial crisis.
The CEO of UBS rejected suggestions on Tuesday that Switzerland should set tougher rules for the bank following its takeover of Credit Suisse in 2023, saying “fear” and “populist” criticism were hurting the business and the country’s own prospects. Sergio Ermotti told an event at the Swiss Economic Policy Institute in Lucerne that UBS was not only an important source of tax revenue for public coffers, but also a “beacon” for the Swiss financial industry.
Among the macroeconomic references in Europe, the CPI of the United Kingdom, consumer confidence in Spain and the current account of Portugal stand out. As for the United States, we will know the NAHB real estate market index.
Before the opening, we have already learned that the UK CPI “slows down to 2.0”% in May” ‹, in line with expectations.
We will also be awaiting the non-monetary policy meeting of the European Central Bank, in case it adds any details on economic prospects in the Euro Zone.
After a higher close on Wall Street, today the futures are trading with a mixed sign. The future of the Dow Jones falls timidly above 38,828.60 points, the S&P 500 adds 0.12%, to 5,493.50 points while the NASDAQ 100 rises just over two tenths, to 19,957.30 points. Today, however, the session will remain closed due to the Juneteenth National Independence Day holiday, the day on which the definitive emancipation of slaves in the United States is celebrated, which led many investors to make profits in yesterday’s session.
Oil prices are holding steady as the market weighs concerns about escalating conflicts in Europe and the Middle East against fears about demand following the unexpected buildup of crude inventories in the United States.
In the raw materials market, the Brent oil future fell just over two tenths, to $85.11, while West Texas fell 0.2%, to $80.55.
The euro remains flat above $1.0731 while among cryptocurrencies, Bitcoin rises 0.12%, to $65,550.6, and Ethereum rises 3.5%, to $3,558.71.
