Marco Bianchi 
Spain’s public treasury announced that it will conduct the last auction of August this week, offering short‑term Treasury bills with maturities of three and nine months, following the cancellation of the August 20 auction of longer‑term bonds.
Berkshire Hathaway boosted its operating profit by 16%, reduced its cash holdings, and increased its investment in Alphabet.
Analysts consider the three lagging IBEX stocks—Grifols, Solaria and Cellnex—to have significant upside, estimating a double‑digit move toward their target prices.
Carlyle’s chief financial officer highlighted the firm’s continued strong exit activity worldwide, noted the difficulty of raising private‑credit capital, and pointed to growth potential in artificial‑intelligence and data‑security investments.
Morgan Stanley Investment Management cautioned that an influx of bond issuance from large tech firms (hyperscalers) could erode the attractiveness of European investment‑grade bonds relative to U.S. bonds.
The Federal Reserve granted approval for Spain’s Banco Santander to purchase U.S. lender Webster Bank, setting a deadline of 15 days to three months for the transaction to close, thereby expanding Santander’s footprint in the United States.
Italy’s largest bank, Intesa Sanpaolo, increased its staked Ether ETF holdings to $7.1 million while cutting its positions in two spot Bitcoin ETFs.
Santander, Inditex and BBVA together with Iberdrola, which together represent over 40% of the IBEX 35, have reasons to keep rising. The selective index could climb about 4.5% from its record level. BBVA closed just 56 million euros below Iberdrola in market capitalisation, threatening the electric utility’s third‑place ranking by size.
Experts note that the U.S. chose an unconventional method to buy Japanese yen, using euro funds rather than the usual dollar sales, highlighting a rare type of currency intervention that could have implications for European markets.
Jefferies lowered its recommendation on the Spanish REIT Merlin, citing increased risks in its data centre portfolio, and stopped recommending it as a buy for investors.