Curves come, large curves in the market. Just two days after Trump’s tariff The baggage, clearly quarterly and therefore positive annual, It has a bittersweet flavor in this March closing session among investors.
On the one hand, The Spanish Variable Income closes March in negative, after four consecutive falls, The first month of the year in which it loses positions on account of the pernicious effect of tariffs and American fear of a recession and with the drift of perspectives that are not positive. Falls are 1.5%
On the other, the good annual background, which in reality It has come to exceed its levels of almost 17 years ago with the explicit support of the bank, In the foreground, of a better economic positioning in Europe and, in addition, because of the German announcement of a multimillionaire fund also for infrastructure to refloat the country, in which Spanish companies have much to say, as well as the already once European locomotive. Annual advances of 13.3%
In this environment, the IBEX 35 closes on Monday with 1.31% falls to 13,135.40 points with the cuts of securities such as IAG (Iberia) 6.71%, Puig Brands B 4.72% and Grifols to 4.43% and increases for telephone 0.74%, logist 0.69% and indra 0.45%
Among the protagonists of the day, the lead fall in IAG (Iberia), today with lead fall despite the fact that, in the London Stock Exchange, CITI establishes an objective price increase up to 4.67 1 euros per share, which gives it a potential of 39.6% from its current contribution levels.
And it is that the company quotes that according to reuters information, The British competition regulator has announced that five airlinesincluding British Airways, Iberia, Aer Lingus (all of them part of IAG), have offered commitments to resolve concerns about their cooperation agreement on passenger routes between the United Kingdom and the US.
In addition, the repsol oil company moves down after having met during the weekend that the US president, Donald Trump, has notified the partners of the Venezuelan state oil company PDVSA that their permits to export crude and derived from Venezuela are canceled.
In addition to Repsol, among the affected companies are the American Global Oil Terminalsthe Italian Enithe French Maurel & Prom or India Reliance Industries. All of them had received permits to operate with Venezuelan crude in their refineries around the world, exceptionally evading the still valid sanctions from the US against Venezuela.
In addition, Grifols A has unanimously approved that its subsidiary Grifols Biotest Holdings GmbH present a public purchase offer for the exclusion of contribution to the Biotest shareholders. This operation, valued at around 350 million euros, has generated great interest in the financial sector.
Biotest has reported that it has closed a contribution exclusion agreement with its main shareholder, Grifols, which already has approximately 97.14% of ordinary shares and 46.22% of preferential actions.
As for recommendations, ACS cuts positions on this day once Jefferies has maintained the recommendation to maintain, while It has drastically reduced the target price of value.
The cut from 52.20 to 49.60 euros per action in his po is to place in 9% negative potential in value. And there are many analysts who have placed the shares of the company that presides over Florentino Pérez without margin to climb and even with determined overcompra, before the increases to annual maximums.
Already in the rest of Europe, at the end of Monday, the Euro Stoxx 50 lowers 1.55% to 5,250 points, CAC 40 loses 1.58% to 7,790 points, the Dax trim 1.25% to 22,173 points, and the session in London ends to el FT 100 with decreases from 0.83% to 8,587 points.
And in Wall Street, new to lead on account of tariffs to come and, especially of the global ‘reprisals’ in the face of impositions and taxes to imports to the United States.
In the business field, the automobile sector is one of those most pressured by tariffs. On the day on Monday, General Motors has changed from sign to positive, while Ford Motor rises 2.5% also changed to positive to the lowest fall of the S&P 500 and the positive level to which the Dow Jones has returned at the close of the Spanish Stock Exchange
Nothing to do with the falls of Nasdaq, which returns to negative terrain with the loss of 17,000 points with a new entry in negative terrain and in which Tesla drops 5.77%. The company chaired by Elon Musk falls more than 30% so far from 2025. Today also Stifel cuts the target price since he believes that the slowest launch than expected of the new Model and and recent protests could affect sales in the short term.
In the technological sector also dominate the red numbers, with Nvidia lowering 4.77%. The once great favorite of Wall Street is left more than 22% so far this year.
In this way, at the close of the Spanish market, the Dow Jones, wins 0.02% up to 41,591 points, the S&P 500 cuts 0.74% to 5,541 points and the Nasdaq OMX lowers a powerful 1.81% to 16,999 points.
In fixed income, mixed tone with The Spanish 10 -year -old bonus, with 0.06 %% up to 3,362% while the German Bund has 0.31% cuts to 2,7235%. The Spanish risk premium rises 1.83% to 64.5 basic points.
In raw materials, he Petroleum futures rise with great force Once the US has threatened to impose tariffs on Russian oil buyers and under Trump’s warning to Iran of a possible military action if he does not accept the nuclear program agreement.
A future of the Brent barrel that earns 2.10% to $ 74.29 while, the West Texas places its price at 71.07 and advances 2.5%.
Gold, rises strongly as an active refuge, Up to $ 3,159 a barrel, again at maximum, with advances of 1.43%.
Bitcoin already earns more than 1.21% to 83,732 dollars per active. And the Euro Dollar ratio maintains cuts for the unique currency of 0.18%, to 1,0809 units.