The IBEX 35 closes with 5.83%drops, the largest since March 2020, at 12,422 points. The banks lead the descents, with Banco Sabadell at the head, leaving 10.97%, followed by Unicaja and Caixabank, which fall 10.56%and 10.30%, respectively. No value shows advances, Puig (0.92%) and Inditex (1.72%) are the actions that fall less.
The Madrid selective had endured much better than his international peers in Europe and the US the storm unleashed by Donald Trump’s tariffs, until today’s session. Now, close the week with a clearly negative balance, with a accumulated decrease at the end of Friday of more than 6%.
And it is that all market attention has focused this week on the Trump Tariff Policy. “Without trying to understand the real motivation of the US government to apply them, since the official discourse does not convince us, we can say that the way in which tariffs that in theory are applied to US products abroad have been calculated, at least it is, at least, very little orthodox (a fudge), which we understand that it also caused a alarm feeling among investorswho expected a much more technical and detailed analysis of rates supported by US exports, ”he explains Juan J. Fernández-Figares, from Link Securities.
As if that were not enough, China’s Ministry of Finance reported today that the country will impose a 34% tariff to all assets imported from the United States as of April 10, after the tariffs imposed by the administration of US President Donald Trump earlier this week, according to the Xinhua state news media.
«China urges the United States to immediately cancel its unilateral tariff measures and resolve commercial differences through consultations in an equal, respectful and mutually beneficial way,» declares the Ministry of Finish, cited by Xinhua.
Among the business news of the day, one of the most punished values of the day, Banco Santander, today celebrated its Shareholders’ Board, in which, among other things, a final dividend in cash of 11 cents per action per action is approved.
For its part, Cellnex plans to approve at its next Board, scheduled for May 9, the distribution of a dividend charged to the reservation of the emission premium for a maximum amount of 1,037.5 million euros, payable in one or several times during the 2026 and 2027 years, although part of that amount could be anticipated in 2025.
In addition, today it was the last day in which Naturgy actions quoted with the right to collect dividend. The entity will distribute 0.60 euros gross per share on Wednesday, April 9.
In other news of the day, the United Kingdom approves the expansion of the London airport of Luton, which Aena manages, giving green light to the construction of a new terminal that will allow the number of passengers to be increased by almost 80%.
As for the recommendations of the analysts, Morgan Stanley raises the target price of Iberdrola up to 15.80 euros per share, from the previous 14.50 euros. It also improves the assessment of Endesa, from 22.50 euros to 24 euros per share.
In fact, Iberdrola becomes the first European electricity to exceed the barrier of 100,000 million euros.
Red seizes the market
In the macroeconomic agenda Today, investors knew the figures of Industrial production of Spainwhich dropped 1.9% in February and adds two months in negative. Today it has been known that the EU current account surplus reached 113,200 million euros in the 4th quarter of 2024.
Although the main course has been the US publication of employment data. The Department of Labor Public that In March 228,000 jobs were created, above the 135,000 plannedin front of a 117,000 fact in the previous month.
The US unemployment rate rises to 4.2%, compared to a 4.1%forecast. For its part, the average hourly salary indicator rose 0.3%.
With a market that has been processing these figures throughout the day, European stock market 34,717 points, while the euro Stoxx 50 drops 4.83% in the 4,866 points.
Wall Street opened today with Dow Jones falling 946 points, 2.33% to 39,599 points. The S&P 500 yielded 2.37%, in the 5,268 points, while the Nasdaq Raised 2.88% to 16,073 points.
All this after the worst session for the three major indices since 2020, in full pandemic. The Dow Jones lost more than 1,600 points, practically 4%. The S&P 500 fell 4.8% and Nasdaq collapsed almost 6%.
In Asia, the Japanese Nikkei 225 index closed the day with a 2.80%drop. The governor of the Boj, Kazuo Ueda, pointed out that the agency will analyze the impact of US tariffs on the country’s economy when setting monetary policy and warns that the increase in taxes will probably weigh on national and world economic growth.
China, on the other hand, ended the day with a 0.59% drop for the CSI 300before the government announced the 34% tariff to US imports.
Regarding fixed income, the Spanish reference bonus to 10 years offers a secondary market performance of 3,261%, which leaves the risk premium with respect to its German counterpart in 70.55 points. On the other side of the puddle, the 10 -year -old bonus obtains a profitability of 3,909%.
Oil collapses
Already in the raw material market, oil They continue with their particular collapse in one of the worst weeks that are remembered for the price of black gold, before a commercial war that envives the fear of oil demand, in addition to the OPEC production plans.
Eight OPEC+ countries unexpectedly agreed on Thursday to advance in their plan to gradually eliminate the cuts of oil production by increasing production by 411,000 barrels per day in May, a decision that leads to oil prices to prolong the previous strong losses.
In this way, the Brentof reference in Europe, 6.34% collapse, up to $ 65.69 per barrel, while the futures of the West Texas Intermediate Petroleum yields 7.05% in the 62.23 dollars.
The euro dollar drops 0.5%, until establishing the exchange rate at $ 1,0995 for each community currency. Reviewing the main cryptocurrencies, Bitcoin rises 2.3% in the last 24 hours to 83,229.64 dollars.