Postpublished at 20:28
That was the first penalty that Real Madrid have conceded in La Liga all season.
Ronaldo, Benzema, Bale start for Real
Neville yet to win La Liga game (D2 L1)
Real five points off top; Valencia 11th
Emlyn Begley
That was the first penalty that Real Madrid have conceded in La Liga all season.
Real wanted a penalty for a foul on Gareth Bale seconds before Valencia won theirs at the other end.
Not much European football on this weekend - winter breaks and all.
But earlier, Zlatan Ibrahimovic scored the only goal as Paris St-Germain edged fourth-tier Wasquehal in the French Cup.
Two shots on target - both goals
The referee doesn't even let Real Madrid kick off. It's half-time.
Real Madrid's bench looked speechless after Dani Parejo fired home against his former club.
Dani Parejo
Dani Parejo sends Keylor Navas the wrong way. Valencia are level going into the break.
Andre Gomes breaks into the box, great skill and persistence and Pepe brings him down. Definite penalty.
Gareth Bale has the ball out on the wing, he looks like he's going to cross it but he tries to catch out Valencia keeper Jaume Domenech, who is able to smother the shot at his near post.
It's another corner for Valencia as Paco Alcacer's shot is deflected wide. This is the best I've seen Los Che play under Gary Neville so far.
From the corner Valencia have another chance. The ball hits Aymen Abdennour on the head, he wasn't really expecting it, and Pepe helps scramble it away.
Real Madrid a bit lucky to still be ahead.
Maybe Valencia need a finishing coach. Rodrigo de Paul goes on a jinking run and finds Andre Gomes in the box but he shoots off a Real defender and it's a corner instead of a goal.
There were questions asked about Cristiano Ronaldo's form earlier this season but he has now had a hand in 18 goals (12 goals and six assists) in his last eight games!
Valencia have wasted a huge chance here. Rodrigo de Paul pins in a great cross which Joao Cancelo somehow heads well wide from about eight yards out. Unmarked. Abysmal.
Chaos in the Real Madrid defence from Lucas Orban's cross. Keylor Navas flaps at the ball and then Marcelo can't control it and Sergio Ramos' touch ends up in the keeper's hands.
Had a Valencia player gambled there he could have been cashing his chips now.
Neville not planning long-term managerial career
Not sure he had an interview since his business partner at Salford runs Valencia!
Almost brilliant from Cristiano Ronaldo as the ball drops from the sky and he kills it dead with his first touch, unfortunately for him his shot from near the penalty spot is blocked.
Real Madrid are looking pretty comfortable in possession so far. But left-back Marcelo can't quite get the ball under control as he enters shooting territory.