The IBEX 35 closed with a fall of 1.34% to 15,901 points. The most penalized value has been IAG, which has plummeted by 11.49%, while Cellnex has fallen by 3.59%. Among the positive notes of the day, Amadeus has risen 1.55% and Indra has gained 1.37%.
With today’s falls, the Madrid selective finally closes the week with a negative balance, registering a drop of 0.81% in the accumulated of the five days. And it rose on Monday, Wednesday and Thursday, while on Tuesday it remained flat. All in all, last week’s all-time highs of 16,150.10 points are not too far away.
One of the protagonists of the week has undoubtedly been Telefónica, which has lost 16.7% of its stock market value over the five days. The reason is the poor reception of the new strategic plan presented last Tuesday, which, among other things, contemplates cutting the 2026 dividend in half. In addition, the company’s president, Marc Murtra, opened the door to a possible capital increase if the company finds a relevant purchase opportunity in Europe.
But this Friday the big punishment has been for IAG (Iberia), which has plummeted more than 11% after presenting its results until September. The airline holding company presents a result after taxes of 2,703 million euros in the first nine months of the year, which represents an improvement of more than 15.5% on those registered until September 2024. Total income for the quarter remained stable compared to last year, practically unchanged.
On the other hand, the IAG Board of Directors has approved the payment of a dividend of 0.048 euros per share, charged to the 2025 results that it will pay to its shareholders starting next December 1.
Today Amadeus also presented its results, with net profit growing by 10.1%, to 1,088.2 million euros. The group’s income increased by 6.4%, reaching 4,895.3 million euros.
Punishment on the Stock Market for Cellnex, which reported yesterday after the closing that it lost 263 million until September (+87%) and had a turnover of 2,937 million (+5.7%). The company will distribute among its shareholders, between dividends and share buybacks, 1,000 million euros until 2026.
Sacyr reduced its net result by almost 16% in the first nine months of 2025, earning 62.25 million euros. Of course, without taking into account the divestment of three assets in Colombia, it reached 134 million, 81% more.
In the Continuous Market, the main protagonist has been Talgo, which has skyrocketed after the consortium led by Sidenor, with the participation of the Basque Government and banking foundations, announced the purchase of 29.76% of Talgo for 156.7 million euros in an operation with Pegaso.
Also increases for Deoleo after the statements by the president of Dcoop, Antonio Luque, about interest in buying the company.
Regarding the results, Técnicas Reunidas earned 106.9 million until September, 63% more. Oryzon improved its results by one million euros and closed the third quarter with 34.4 million in cash. Ezentis has reported a 124% increase in its income during the first nine months of the year, reaching 23.4 million euros.
Faced with the hectic business news, this Friday’s macroeconomic agenda has been rather limited, highlighting only some figures on the trade balance of Germany and France that have barely had an impact on the market. In the US, today was the day on which the Department of Labor was to publish its non-farm payrolls report for October, but for the second consecutive month it has not come to light, due to the Government shutdown. Economists surveyed by Dow Jones expected the report to show a decline of 60,000 jobs and an increase in the unemployment rate to 4.5%.
Wall Street, Europe and other markets
In the rest of Europe, the day has not been much better than in Spain. The EURO STOXX 50, the main indicator of the Old Continent, has fallen by 0.90%, compared to the 0.84% that the DAX has lost. In Paris the CAC 40 fell 0.18% and in London the FTSE 100 fell 0.43%.
Meanwhile, on Wall Street the day is also clearly negative, with Dow Jones, S&P 500 and Nasdaq set to close the week with considerable punishment, dragged down by the market’s growing doubts about the high valuations of technological stocks linked to artificial intelligence. Not even a season of better-than-expected earnings is serving as a balm for investors, who are beginning to suspect that they have gone too far with some stocks.
In commodity markets, oil prices rise this Friday but are headed for their second consecutive week of losses, as markets assess concerns about oversupply and slowing demand. European benchmark Brent oil rose 0.25% to $63.24 per barrel, while US West Texas rose 0.32% to $59.62.
It should also be taken into account today that Bitcoin has fallen below the critical support of $100,000, although it is struggling to hold on to this psychological level.
The euro advances today against the dollar, with a rise of 0.23% to 1.1574 dollars for each single currency.
In fixed income, the Spanish ten-year debt bond offers a return of 3.189%, which leaves the risk premium against Germany at 511.87 points. The benchmark US bond pays 4.079%.