The variable income of our country has had a day loaded with important news, but has been reconcentrated today. Inditex’s results have fraud to the market and the weight of the value, the largest of the Spanish selective has primarily prevailed in the session.
Not even banks, encouraged by The novelties that arrive from the United Statesthey have managed to balance the balance of an Ibex 35 that, at the close in this stock market equator of the week has lost traction in the heat of the results season in Spain, with the negative sign of the Galician textile.
In this way, at the end of the day, the IBEX 35 loses 0.61 to 14,134.10 points, with the cuts of securities such as Inditex 4.37%, Amadeus 1.33% and Fluidra 1.16% and the profits experienced by Indra 2.62%, Arcerational 0.94% and Banco Sabadell 0.72%.
Therefore, the main protagonist of the day is Inditex that closes the results season, with figures in its accounts well below expected, which exemplifies the slowdown of its growth. Its net profit increased 0.8% in the company’s first fiscal quarter to reach a figure of 1,305 million euros, while the “solid operational performance, driven by the creativity of our equipment and the good execution of the integrated store and online business model” stands out.
Sales grew 1.5% to 8,274 million euros. The sale at constant exchange rate has grown 4.2%; adjusting the calendar effect of the leap year, this growth was 5.3%. In addition to the strong cuts that have headed down the market, analysts, everywhere have reduced their expectations about value.
Among them UBS that places its shares with a target price of 48 euros and JPMorgan in the 50while raising its titles in the market.
On the other hand, Indra’s recovery stands out, after its preceding falls, and Arceormittal’s increases, which, until entering the afternoon today the advances in Ibex 35 has led today.
According to JPMorgan, Dominic O’Kane, «An elimination of 50% tariffs that the United States applies to steel imports from Mexico, That according to a report seems imminent, it would be clearly positive for European manufacturers with their corresponding supply chains. «And this fact especially benefits the company.
The American bank Place your recommendation in neutral while it marks an objective price of 30.50 euros per share, which means A 14.5% potential About yesterday’s closure in the market.
Promotion to the banks, for the double news, with an agreement between the US and China to implement their tariffs and the data of the dreaded American inflation, which have been shown in line with the expected, have encouraged their quote, flat in recent days. Especially for Banco Sabadell, BBVA, Bankinter and Banco Santander.
In addition, JP Morgan analysts raise the target price of colonial real estate to 6.80 euros per share, with a bullish potential of 8.20%. He does not step on those levels since February 2023.
Already in the rest of Europe, mixed trend, with the euro Stoxx 50 drops 0.37% to 5,397 points, CAC 40 loses 0.36% to 7,775 points, the Dax trim 0.29% to 23,962 points, and the session in London ends to el FT 100 with profits of 0.14% to 8,865 points.
And in Wall Street, two news has marked the pattern of a session that was suspected bassist and that, between them they have managed to change positively, although without great conviction in the climbs at the middle of the session.
The commercial agreement between China and the US that painted more than well this morning to say of the two delegations after two days of intense negotiations in London, have ended up leaving the ball in Trump and XI’s roof, and the first has already ruled validating the agreement, which makes its way to the United States as far as Chinese land is already referred to in technological matters.
Closed agreement, according to Trump, with 55% tariffs for Chinese products that reach American lands and 10% for Americans in China.
And inflation in the US, which has behaved as expected, with a rise of a tenth year for both items, the general to 2.4% and the underlying, which marks levels of 2.8%.
As far as companies are concerned, Gamestop’s actions fall 5% in the equator of the session after The Retailer Chain Specialized in Video Games has disappointed with its income figures of the first fiscal quarter, finished on May 3. Sales fell 17%, from 881.8 million last year to 732.4 million, below the 750 million that the market had anticipated.
Meanwhile, the actions of Dave & Buster’s rise to half a session a 16.7 after the latest quarterly results of the company. Although Dave & Buster’s profits and income from the first quarter did not reach the analysts’ estimates, their sales in comparable stores fell 8.3% year -on -year, less than the 8.9% decrease that analysts expected.
In fixed income, mixed tone with The Spanish 10 -year -old bonus, with drops of 0.24 %% to 3,332% while the German Bund has 1.90% cuts to 2,5745%. The Spanish risk premium undertakes with increases in two days of 19%. Today it advances 6.6% to 76.80 basic points and is the one that rises the most in Europe.
At the close of the Spanish Stock Exchange, the Dow Jones, wins 0.42% up to 43,005 points, the S&P 500 advances 0.32% to 6,047 points and the Nasdaq OMX is revalued 0.23% to 19,762 points.
In raw materials, with increases again for barrel futures. He Brent that earns 1.42% to $ 67,82while the West Texas places its price at 66.09 and advances 1.71%. Gold earns 0.55% to 3,361.62 dollars an ounce.
Bitcoin already rises 0.7% to 109,745 dollars per active.
Meanwhile, the Euro Dollar ratio, in which the green ticket yields positions almost at half point and places the ratio between both currencies in 1,1481 units.