The IBEX 35 drops 0.74% to mark 13,136.80 points at the opening of this Friday. The largest fall is for Banco Santander, which falls 2.15%, while Banco Sabadell leaves 2.08%. On the progress side, Indra prolongs the party and rises 2.31%, while Endesa records 0.81%.
The Madrid selective arrives at the last session of the week with a negative accumulated balance of -0.84% until the closing of Thursday, greatly weighed by the strong corrective that suffered on Wednesday due to the fear of Trump’s tariffs. However, the truth is that the rest of the days came out with increases, including yesterday, and is not too far from the maximum since June 2008 that marked Monday at a closure of 13,373.10 points.
Today the touch of bell has been special in the Madrid bag, since BME and UN PACT OF THE UN Spain have joined the international initiative “Ring the Bell for Gender Equality” to commemorate International Women’s Day. The act has had the participation of Paula Conthe, General Secretary of the Treasury and International Financing, Paloma Marín, vice president of the CNMV, Cristina Sánchez, Executive Director of the UN World Covenant on Spain, and Juan Flames, CEO of BME.
On the business level, investors will have to be attentive one more day to the indra price, which until Thursday accumulated six consecutive days of uploads with a accumulated revaluation of no less than 38%. This strong climb, which has led him to new historical maximums and has put him in charge of the Ibex 35 in 2025, is caused by European plans to increase the expense in defense in the delicate situation in the Ukraine War. Yesterday, European leaders supported the plans to spend more in defense and continue supporting Ukraine.
The other side of the currency has been Cellnex, with a fall of 9.35% in the accumulated of the week (until the closing of Thursday), very little wearing the rise in the profitability of the European bonds.
In the financial sector, the looks remain in the hostile OPA launched by BBVA on Banco Sabadell in May last year. Yesterday, the president of BBVA, Carlos Torres, pointed out that the final decision of the CNMC on this operation could be known in the coming weeks. And meanwhile, some analysts believe that the bank could improve its offer with cash to guarantee the success of the operation.
Deutsche Bank believes that BBVA could add a cash payment of between 1,000 and 1.5 billion euros in the OPAwhich would mean an increase in the offer between 7% and 11%. This “could be attractive enough to overcome the minimum acceptance objective” of the OPA indicates the German firm in a report.
In the recommendations of the analysts, Morgan Stanley raises the target price of Caixabank to 7.5 euros, from the previous 6.5 euros; that of Unicaja to 1.45 euros, from 1.20 euros; and that of Bankinter to 10.40, from 8.5 euros.
Caixabank has executed 98.06% of its repurchase of shares in the sixteenth weeks since this program began on November 19, whose total amount amounts to 500 million euros, as reported to the CNMV. Specifically, more than 4.3 million titles has acquired in the sixteenth week, at an average weighted price of 6,8307 euros and an amount exceeding 29.6 million euros. In total, the entity is repurchased 87,992,343 shares for a joint amount of 490,307,759 euros.
In the continuous market, investors are still pending of Hard Felguera to the negotiations that the company maintains to find a solution and avoid the creditors contest. Yesterday it was known that representatives of Duro Felguera will travel to Algeria this Sunday to meet with Sonelgaz.
Meanwhile, Deutsche Bank rises the target price of Meliá Hotels to 9.5 euros per share, from the previous 9 euros.
In the macroeconomic agenda of the day, investors have known just in the opening the data of industrial production from Spain, which returns to negative rates After falling 1% in January.
In the early morning, orders from the factory in Germany have been known, which fell 7% in January, while the Eurozone GDP figures will come to light. However, the great reference of the day will be the US Employment Report that will arrive this afternoon. It is estimated that the US economy created 160,000 new non -agricultural jobs in the month. The analyst Juan J. Fernández-Figares warns that bad employment figures can “increase the fears of entry into recession of this economy and, therefore, would cause sales to intensify sales in the bags of this country.” If so, “we are complicated that European values markets are unmarking, as they have been doing so far, being more feasible that they also experience significant cuts.”
In the market the echoes are still of the meeting yesterday of the ECB, in which the institution presided by Christine Lagarde lowered interest rates at 25 basic points, up to 2.5%.
The other focus is still on the swings of the US president, Donald Trump, on tariffs. Yesterday he decided to suspend the rates of 25% who had imposed this week to most products from Canada and Mexico, in the most recent turn of a fluctuating commercial policy that has shaken the markets and fueled concerns about inflation and economic growth.
Today Wall Street futures point to a slightly bullish opening, helped by the good reception of Broadcom’s results, which shot 12.8% in the after hours market. Yesterday, the large New York indices closed again, with the Dow Jones falling 0.99% in the regular session, for 1.78% that left the S&P 500 and 2.61% punishment to Nasdaq. With these declines, the S&P 500 already yields 6.6% since its recent maximum, the Dow Jones 5.1% and the Nasdaq composite more than 10%, entering corrective territory.
European stock markets open this Friday downwardly. The Stoxx 50 euro cuts 0.33% to 5,487 points, the CAC yields 0.31% to 8,172, the DAX is left 1.15% and placed at 23,172 points, the FTSE MIB descends 0.47% to 38,561 and the FT 100 of London goes back 0.37% ahsta the 8,650 points.
During the Asian day, the Japanese Nikkeii 225 fell 2.26% in the 36,863.50 points, while in China the CSI 300 left 0.31%, by the 0.75% that left the Hang Seng of Hong Kong. Today it was known that China imports contracted unexpectedly in the January-February period, while exports lost impulse.
In raw material markets, oil prices record few changes, but prepare for their greater weekly fall since October, while uncertainty around the US tariff policy is creating concerns about demand growth, while the main producers are preparing to increase production. Brent barrel rises 0.68% to $ 69.93, while West Texas futures rise 0.71%, at $ 66.83.
The euro rises 0.44% against the dollar until leaving the exchange rate at $ 1,0839 for each single currency.
In the fixed income, which has added pressure to the bags in recent days, the profitability of the bonds are still up, with the Spanish bonus to ten years paying 3,513%, which leaves the risk premium against Germany in 67.55 points. The US ten -year bonus offers 4,262%.