Yesterday, on a day in which the “rates” of the US president were the protagonists, the main European stock market rates ended the day with strong falls, with the values most linked to the economic cycle suffering the greatest sales, especially by the car and defense sectors, with many investors, opting to make benefits to the complexity towards which the current scenario is derived in the markets.
“The finding that finally Trump had opted to apply the rates with which he had been threatening his three main commercial partners: Canada, Mexico and Chinaand the immediate response of these countries, announcing the imposition of rates to imports from the US, was a “jug of cold water” for many investors, who continued to think that tariffs were only a negotiation tool of the US president, “says Juan J. Fdez-Figares, of Link Securities.
Pending the new news that arise around tariffs, investors also look at Germany and celebrate the agreement reached by the German parties that will be part of the new government coalition of the country: the CDU and the SPDAgreement that serves to relax tax regulations and create two funds for investment in defense and infrastructure.
With this scenario, the European stock markets forget the problems (among which is the tariffs imposed by Trump) and rebound strongly this Wednesday. Thus, the DAX German rises 2.4% in 22,866, the FTSE 100 of London rebounds 0.34% in the 8,788.93 points, the CAC 40 French wins 1.32% to 8,153.83 points and Ibex 35 rises 1.67% to score 13,249.10 points.
For its part, the Euro stoxx 50 adds 1.38% in 5,471.35 points. The Values that most win this morning are the Germans, specifically Siemens AG (5.88%), BASF (4.06%) and BMW (3.83%). On the side of the cuts, the more penalized companies are Adidas (-2.69%) and Danone (-2.46%)
Business news
In the business section, the German regulator has sanctioned Deutsche Bank. Specifically, the Federal Financial Supervision Authority (BAFIN) has imposed a fine of 23.05 million euros to the Bank in relation to three regulatory procedures. These include delays in the internal research of incidents related to transactions of financial derivatives in Spain, as well as the breach of Postbank of regulatory obligations. BAFIN details that the total fine includes 14.8 million euros for infractions in the sale of derivatives, 4.6 million euros for breaches in telephone recording and another 3.65 million euros for deficiencies in the transfer service.
As for financial figures, Bayer It provides for a greater decrease in operating benefit in 2025 and an improvement from 2026. The benefit before interest, taxes, depreciation and amortizations (EBITDA) is expected to be adjusted by special effects between 9,300 and 9.8 billion euros in the current year, the group has announced today. In 2024, the operational benefit fell 13.5% to 10,100 million euros, mainly due to the weakness of the agricultural business and the fall in revenues of pharmaceutical success Xarelto. Adjusting the effects of exchange rate variations, Bayer expects sales of between 45,000 and 47,000 million euros in 2025.
Adidas forecasts have also been published. The German sportswear company awaits an operational benefit between 1,700 and 1.8 billion euros this year. The figure is below what is expected by analysts although the company is reputed to offer conservative forecasts and last year raised its forecasts three times. In the fourth quarter, Adidas sales have risen 16% in continental China and 25% in Europe. They also grew 15% in North America, a market dominated for a long time by Nike.
On the other hand, and according to the newspaper Il Sole 24 Ore, the Unicredit Bank prepares to increase its participation in the Generali insurer up to about 10% before the Bank Shareholders Board. Now it has 5.22%.
Other markets
Today also investors will focus on the households that arrive from China With new economic objectives: growth “around 5%”, raises a point up to “around 4%” its fiscal deficit, the highest in more than three decades and reduces the objective of CPI to around 2%for the first time in more than 20 years.
With this, the main Asian indices They are listed on Wednesday, with the Nikkei Japanese adding a slight 0.16%, in the 37,376.50 points. In China, the CSI 300 adds 0.45%, by the 0.53% that advances the SSEC of Shanghai. He Hang Seng It shoots 2.85%. For its part, the Kospi Sucorean rises 1.16%.
Wall Street He closed yesterday to the decrease in commercial tensions, after the new Trump tariffs to Canada, Mexico and China. Specifically, the S&P 500 lost 1.22% to 5,778.15 points, Nasdaq Composite lost 0.35% in 18,285 and Dow Jones fell 1.55% to 42,520.99 points. This Wednesday, American futures quote between 0.50 and 0.75%.
Petroleum futures move mixed, after the plans of the main producers to increase production in April were combined with the concern that US tariffs to Canada, Mexico and China slow down economic growth and affect the demand for fuel. At the moment, the futures of the Brent add up to 0.05%, at $ 71.09 a barrel, while the American crude West Texas Intermediate yields 0.3%, at $ 68.05 a barrel. In the previous session, the contracts were established near multimensual minimums.
In the currency market, the euro dollar adds 0.33% and the community currency is changed to 1,0657 green tickets.
In the field of cryptocurrencies, Bitcoin today moves in green and rises 5.3% in the 87,555.8 dollars, while the Ethereum rebounds 5.7% to 2,198.11 dollars.
In the macroeconomic agenda Today highlights the publication in the Eurozone, its main economies, the United Kingdom and the US of the final reading of February of the indices of purchase managers of the services sector, the PMI services that S&P global elaborates. Also in Europe we will have: the IPP of the Eurozone, the industrial production of France and the GDP of Italy. In addition, on the other side of the Atlantic, today the US payroll processor ADP publishes the private employment figures of the month of February in the US.