Spanish equities are so resistant to losing positions, but finally, in the adjustment of the session, they have given up positions although without moving away from the maximum zone.
Despite this, this fourth trading session of the week has gone from less to more with the connivance of a better geostrategic outlook, no news on tariffs or Powell, nor new inflammatory statements from Trump, that may have disturbed the market.
De facto, the big price of the day is through oil and its sharp cut from the first hour thanks to Trump lowering the tone on Iran, indicating that they had ended the executions and tempering investor concern.
In that climate of ‘no news, good news’, a day of calm and transition in the Spanish market, Repsol and Grifols A are the protagonists of the falls for different reasons, such as summers.
The IBEX 35 closes the session with falls of 0.30% to the points with the decreases of companies such as Repsol 6.30%, Grifols A 3.98% and Caixabank 1.8% and compared to the increases experienced by values such as Aena 2.07%, Acerinox 1.89% and IAG (Iberia) 1.41%.
In terms of news, today’s collapse of Repsol stands out, which leads the market losses. Its production and refining figures have increased the sales of its shares.
At the end of yesterday, the oil company published its production figures for 2025: it reached a production of 548,000 barrels of oil equivalent per day in 2025, which represents a 4% cut compared to the previous year, while its refining margin increased by 19.7% compared to 2024, to 7.9 dollars per barrel, as reported to the CNMV.
Keep in mind that RBC cuts Repsol’s recommendation to ‘underweight’ from ‘equal to sector’, while several market analysts consider the value lower, while today oil is also affected by its falls of more than 4% due to the greater calm after yesterday’s statements by Trump about Iran, which lowers the tone between both countries.
Also cuts for Grifols, which shot up 7% yesterday amid new rumors of a takeover bid by the Canadian fund Brookfield that could reach 70 billion euros. Today with sharp falls while that possibility deflated.
While, Five Days publishes that Inditex’s Spanish factories exceed 1,500 million euros in business for the first time. The textile group has eight industrial facilities located at its headquarters in Arteixo.
Among the analysts’ recommendations, In other analyst recommendations, Deutsche Bank raises Aena’s target price to 20 euros per share, from the previous 17.50 euros, while Goldman Sachs improves ArcelorMittal’s target price to 36 euros, compared to the previous 30 euros.
In addition, JP Morgan raises the target price of Puig Brands from 14 euros to 15 euros per share.
In it Continuous MarketKepler Cheuvreux cuts Tubacex’s recommendation from ‘buy’ to ‘hold’ and reduces the target price from 4.1 to 3.5 euros, after yesterday’s impact.
Meanwhile, in the rest of Europe there is also a session from less to more for the indicators. The EURO STOXX 50 rises 0.58% to 6,040 points, the CAC 40 loses 0.21% to 8,313 points, the DAX advances 0.12% to 25,343 points, and the session in London ends for el FT 100 with revaluations of 0.51% to 10,234 points.
Already on Wall Street, the pax in the statements and the geostrategic tone has been liked by the market with an eye on the results of the banks again, which, today, are having a positive reading on the New York Stock Exchange.
Goldman Sachs has put on the table earnings of $4.62 billion, or $14.01 per share, on revenue of $13.45 billion. They exceed analysts’ estimates in earnings, which had been $11.62 per share, but not in income, where $14.49 billion had been expected.
For its part, Morgan Stanley has announced that earned $2.68 per share in the fourth quarterabove the $2.44 per share expected by the market. Revenue increased to 17.89 billion, also above the forecast of 17.77 billion.
It has also presented its BlackRock accounts. The world’s largest asset manager reported Adjusted earnings of $2.18 billion, or $13.16 per sharefor the quarter ended December 31, compared to 1,870 million for the same period last year. Analysts had forecast earnings of $12.30 per share. Revenue of $7.01 billion also beat the market estimate of $6.75 billion.
Today, the technology sector also receives significant relief thanks to the accounts of the Taiwanese TSMC, since The world’s largest chipmaker posted a 35% rise in fourth-quarter profits thanks to the rise of artificial intelligence. The main supplier to NVIDIA and Apple has also announced that it plans to increase investment in 2026, hinting at the possibility of establishing factories in the US. The company’s shares listed on Wall Street rose almost 5% in the New York morning.
The DOW JONES rises, at the close of the Spanish stock market, 0.62% to 49,527 points, from its maximum yesterday, the S&P 500 advances 0.66% and stands at 6,972 points and the Nasdaq gains 0.92% to 23,681 points.
Regarding fixed income, clippings in asset returns. The 10-year Spanish bond lost 0.5% to 3.208%, while the declines were 0.24% for the German bund, which is trading at 2.8154%. The risk premium fell 1.95% to 39.24 basis points.
In raw materials, crude oil plummeted early and steadily, marking its biggest declines since October, while the risk of a US attack on Iran has been limited by Trump’s statements.
In this way, the barrel of crude oil Brent plummets 4.01% to $63.84, while the West Texas loses a 4.24%, up to $59.39. Meanwhile, Gold falls 0.20% to $4,625 per ounce.
Already, Bitcoin is moving with drops of 0.32% at levels of $101,106 per asset. Finally, in the Euro Dollar relationship, it rises 0.41% to 1.1641 units.