The IBEX 35 drops 0.49% to 12,814.20 points at the opening on Wednesday. At the head of the falls, Inditex is placed, with a 7.90% decrease after presenting results. IAG (Iberia) drops 1.10% and Endesa 0.50%. Uploads for Arceormittal, with an increase of 2.06%, while Banco Santander rises 1.65%.
The Madrid selective comes from two consecutive days of strong falls that have not only moved away from the maximums of last week (13,373.10 points) but also led him to close below the level of the 12,900 points for the first time since February 11, a month ago.
Today the great protagonist of the Spanish parquet is Inditex. The textile giant chaired by Marta Ortega has presented its results from exercise 2024, ending January 31, which are raised with a record benefit of 5,866 million euros, 9%more than in 2023. Sales grew by 7.5%, up to 38,632 million euros, and the operational result (Ebitda) grew by 8.9%, up to 10,728 million euros.
Regarding the ongoing quarter, the company emphasizes that store and online sales at a constant exchange rate, adjusted by the calendar effect due to the 2024 leap year, increased 4% between February 1 and March 10, 2025 compared to the same period in 2024. In the last commercial week, store sales and online at constant exchange rate they grew by 7%.
After these accounts, the Inditex Board of Directors will propose to the General Board of Shareholders An increase in the 9% dividend for exercise 2025, up to 1.68 euros per sharecomposed of an ordinary dividend of 1.13 euros and an extraordinary dividend of 0.55 euros per share. The dividend consists of two equal payments of 0.84 euros: on May 2 and November 3.
It is still under the Focos Indra, a company that has had a very pronounced prominence in recent weeks to the prospects of a higher expense in defense of European countries. As published today The confidentialIndra has met with Santa Barbara to explore a purchase between the suspicion of General Dynamics.
Another company participated by the State, AENA, is also the protagonist after Five days He has published today looking for investors in Australia and the US with their actions of shares and the record dividend. Senior management has met with investors such as Goldman Sachs, Macquarie, Brookfield or Fidelity after the presentation of results, says this newspaper.
Iberdrola will make an investment of more than 18,000 million euros in the US, as published The economist.
In the macroeconomic agenda of the day, investors have known just in the opening the retail sales data of Spain: the annual rate of the general index index at constant prices stood at 2.2% in the corrected series of seasonal and calendar effects. The monthly variation of retail sales at constant prices was -1.4% if seasonal and calendar effects are eliminated.
However, the main reference of the day will be February USA that will be known after noon. In principle it is expected that both its estimated general reading (2.9% vs. 3.0%; January) and its underlying (3.2% vs. 3.3%; January) have slowed their growth.
This data “will move the markets, for better or worse, since in the event that the reading is superior to the expected, the US central bank will remain in its ‘wait’ position in the paralysis of its process of sales of interest rates, until it verifies that inflation returns to its goal, something that we can check in its meeting next week, from March 18-19,” says Juan J. Fernández-Figares, from Link Management. “In the event that the data is similar or better than expected, we believe that it could breathe some optimism to the markets, something that investors currently need, in the face of the uncertainty and existing turbulence,” adds the expert.
Investors are also attentive to the tariff policy promoted by Donald Trump. The increase in Steel and aluminum import tariffs He entered into force when expiring the previous exemptions, tax -free fees and products exclusions. In response, The European Union will impose counter -candid products worth 26,000 million euros As of the month, as the European Commission has communicated.
Today we will also have to be attentive to the speech of the president of the ECB, Christine Lagarde, in an act in Frankfurt.
Wall Street, Europe and other markets
At the moment, in European bags the German Dax wakes up on Wednesday with 0.90% increases in the 22,517.72 points, the FTSE 100 adds 0.21% to 8,513.58 points, the French CAC 40 advances 0.83% in the 8,008 and the Euro Stoxx 50 repunishes a 0.80% in the 5,351.25 points.
Wall Street futures point to an attempt to rebound waiting for inflation data. Yesterday the large New York indices closed again with falls, with the Dow Jones, retreating 1.14%, while the S&P 500 ended up losing 0.76% although they finally managed to save himself from entering the correction territory (a 10% drop from the last maximum), probability with which he floted during the session. The Nasdaq technological yielded 0.18%.
During the Asian day, the Nikkei 225 index added a shy 0.03% in the 36,782.50 points after an agitated day. In China, CSI 300 fell 0.36%, for the 1.5% left Hong Kong’s Hang Seng. For its part, the South Korean Kospi added 1.47%.
In raw material markets, oil prices rise, driven by the weakness of the dollar, but the growing fear of a slowdown in the US economy and the impact of tariffs on world economic growth limit profits. Brent reference oil in Europe rises 0.29% to $ 69.76 per barrel, while American West Texas futures advance 0.35% to $ 66.48.
The dollar tries to recover land in front euro after having fallen yesterday to the minimum of the year. The euro drops 0.18% compared to the American green ticket until they leave the exchange rate at $ 1.0896 for each single currency.
In the fixed income, the Spanish debt bonus to ten years offers a profitability of 3,512%, with the risk premium against Germany in 62.55 points. The American reference bonus offers a yield of 4,266%.