The Ibex 35 has lost 0.68% in the second week of 2024, despite the 0.90% increase it registered this Friday, so that it has been able to anchor itself at 10,000 integers, after yesterday it was at about to lose this level.

The week has been marked, on the one hand, by the accusations of the analysis firm Gotham Research against Grifols, which has led it to lose 39% of its stock market value since last Friday.

Specifically, Gotham notified the CNMV on January 8 that it had built a short position in Grifols equivalent to 0.57% of its capital. After publishing a report criticizing its governance, leverage and financial statements, the company’s price plummeted 25.91%, a moment that Gotham took advantage of to close almost its entire short position.

The firm maintained a residual short position of 0.06% until this Thursday, January 11, when it decided to close it, taking advantage of a new drop of 16.17% in the price, which occurred after failing to convince with the arguments put forward in a conference call with investors and shareholders in which Grifols executives gave explanations and defended themselves against Gotham’s accusations.

In today’s session, Grifols shares fell another 10.4%, which means having lost 39% of their trading price during the week.

XTB analyst Javier Cabrera points out that the market “does not consider the doubts that have arisen in the pharmaceutical company as resolved.” In addition, he notes that there are concerns about a “possible collapse” of his deal to sell most of his stake in Shanghai RAAS Blood to Chinese company Haier, given the general uncertainty over his reputation.

On the other hand, the other major reference of the week was the publication yesterday of the December CPI in the United States, which registered a greater rise than expected, standing at 3.4% year-on-year, which implies an acceleration of three tenths of the annual increase in prices in relation to November and two tenths more than what the market anticipated. For its part, core inflation fell by one tenth, to 3.9%, when the consensus expected a drop of two tenths.

Furthermore, today, investment banking has started the results season in the United States: Citigroup has announced losses of 1,839 million dollars (1,676 million euros) between October and December 2023, although in The entire year recorded a net profit of 9,228 million dollars (8,411 million euros), 38% below the result recorded by the entity in 2022.

In the case of JPMorgan Chase

In this context, the Ibex 35 closed the week at 10,094.8 integers, with most of its values ​​in ‘green’. The increases in Endesa (3.29%), Inditex (2.23%), Redeia (2.22%), Indra (2.22%), Bankinter (2.19%) and Acciona (2.11%) stand out. ). On the other hand, the biggest falls after Grifols were IAG (-2.63%), Sabadell (-0.52%), Acciona Energía (-0.47%) and Rovi (-0.25%).

The main European stock markets have also advanced in this Friday’s session: Paris has registered a revaluation of 1.05%; Frankfurt, 0.95%; Milan, 0.73%; and London, 0.64%.

At closing time in the Old Continent, in the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 78.64 dollars, 1.22% higher, while Texas rose 1.51%, to $73.10.

In the currency market, the price of the euro fell by 0.09% against the dollar, to 1.0962 ‘greenbacks’, while in the debt market, the interest required on the 10-year bond has closed at 3.083% after subtracting six basis points, while the risk premium (the differential with the German bond) stood at 91.6 points.