The Spanish stock market has closed the week with gains of half a point, but with a clearly negative aftertaste one month after the start of the so-called by the United States «Epic Fury» of attacks on Iran from the US and Israel for a conflict that has spread throughout the Middle East, and that directly affects up to 11 countries.
And in economic matters we are all suffering because of the Almost total closure of Strait of Hormuzthrough which up to 20% of the world’s oil passes, which has become the key to this entire conflict, which in principle was going to be surgical and which has already lasted four weeks.
The translation, skyrocketing inflation levels, of an increase point, today we have known in the last month, up to 3.3% in Spain and fuels and energy through the roof in the face of oil skyrocketing in Europe above 100 dollars a barrel and vertical increases in the price of gas.
Faced with this scenario, investors remain in total volatility amid confusing, diverse and unclear news that clearly leads the indicators downwards and that made the Nasdaq enter correction territory yesterday. The Spanish selective, waiting for Monday’s session, has lost almost 8.8% since the war with Iran began.
And furthermore, on Monday at the close of the month the first negative result since June 2025 of last year will be completed after eight consecutive months of progress.
At the moment, the IBEX 35 fell 0.95% at the close of this Friday to 16,802.50 points with the falls in values such as Indra 4.42%, Solaria 4.37%, Acciona Energías Renovables 3.68% and the increases experienced by Enagás 16.96%, Naturgy 2.15% and Fluidra 1.1%.
Among the protagonists of the session, Enagás, which has shot up by double digits due to several factors, but, above all, due to the closing effect of numerous shorts that amplify the gains of the value, which is already up 25.6% so far in 2026, with a revaluation of more than 34% since the lows of April last year. It also shatters the annual maximums that had been set at 15,465 euros since last March 2.
Also because the CNMC has announced the new remuneration proposals for gas networks. According to the proposal submitted to public hearing until April 27, a remuneration of about 7,150 million euros is proposed for the next six years, 2.3% more than in the current 2021-2026, in accordance with the new methodology and depending on a central scenario based on demand.
In addition, Banco Santander held a meeting in which the group’s president, Ana Botín, reaffirmed the objectives for 2026-2028 despite the global economic uncertainty. «Our balanced presence in different countries and businesses substantially mitigates risk by reducing volatility, making our results more predictable throughout the cycle. In a volatile and uncertain world, where the unforeseeable happens every day, diversification is a differential advantage for Santander.»
And it has been approved the capital increase that will allow the acquisition of Websteras well as a final cash dividend charged to the 2025 results of 12.5 euro cents per share, payable on May 5 2026. Consequently, the total cash dividend per share for 2025 will be 24 euro cents, an increase of more than 14%.
Also, the Ordinary General Meeting of Shareholders of Caixabank has approved all the agreements submitted to voting, among which is the distribution of the complementary cash dividend, charged to 2025 profits, of 2,320 million euros, equivalent to 33.21 gross euro cents per share, to be paid on April 9.
This second payment, together with the interim dividend of 16.79 gross euro cents per share paid last November, raises the cash shareholder remuneration for the year 2025 to 0.50 gross euros per share. This represents an increase in the annual gross dividend per share of the 15%, compared to the gross 0.4352 euros per share of the previous year.
Once again important falls, one more day for Indra, after the tense meeting of its board of directors this week has not stopped the rumors about the future of the current president, Scribe Angel. While rumors arise about who could be chosen by SEPI to replace the executive, today the newspaper The Economist ensures that The German giant is considering making an offer for Escribano Mechanical & Engineering (EM&E). The value drops to double digits at the close of the session in its weekly calculation.
In the rest of Europe, At the close of the session, the EURO STOXX 50 fell 1.19% to 5,499 points, the CAC 40 fell 0.87% to 7,701 points, the Dax cede 1.35% to 22,275 points and el FT 100 trimmed only 0.04 at Friday’s close to 9,968 points.
Already on Wall Street, investor distrust remains with the three main indicators in negative and with increasingly higher volatility and the Nasdaq entering negative territory with six-month lows in the technological indicator and also in the S&P 500, in the leading index of the American market.
At the close of the Spanish session, the DOW JONES fell 0.98% to 45,507 points, the S&P 500 lost 0.93% to 6,417 points and the Nasdaq OMX lost 1.32% to 21,126 points.
In the rest of the market, we start with the fixed income market, with increases in the 10-year Spanish bond, from 1.56% to 3.648% while in the case of the German bund, it advances 1.31% to 3.1028%. The risk premium rises 2% to 54.24 basis points.
In raw materials, oil rebounds again with a future for the Brent barrel that presents increases of 2.5% to $104.43while West Texas places its price at $98.30, and gains 4.02%. Gold soars after this week’s falls with advances of 3.5% to $4,561 per ounce
Already Bitcoin, with significant falls, of 4.44% to $65,854.
Finally, in the Euro Dollar relationship with cuts for the single currency of 0.08% to 1.1521 units.