The ‘D’ day of the tariffs has arrived and opens a new screen for the future of world tradewhich generalized to the downward bags in this August opening session, the worst, in the case of Ibex 35 since April, in three months, nothing less, the fateful day 9 in which he announced the tariffs. The only difference is that the IBEX then was by the 11,700 points and today closes above 14,100, a difference of more than 20%.
And cloudy, in all degrees, a week marked by nothing less than the new rupture of maximums in the indicators, for three consecutive times, that we had not seen in the Spanish market since May and that leaves therefore soulless Those records of 17 and a half years that the Spanish selective marked in the past days.
At the opening of August, and expected that the falls of last year that they left in minimal are not repeated, if they remind the indicators, the pernicious effect of the tariffs if it has led to strong falls to the indicators with the imposition of large global percentages, both with agreements, as well as without them, to a greater extent As in the case of 50% of Brazil, 35% of Canada or 40% for a good part of the Asian countries.
And above all it opens a new way of seeing global trade from which It will be difficult to be unleashed from now on and step back by the US, with or without Trump. A negative effect that Wall Street also lives, for its repercussions on inflation and in the case of products for the average American, which will finally pay the account.
In this way, at the session, the IBEX 35 loses 1.88% to 14,126.70 points with the securities cuts such as Santander Banco 4.52%, Banco Sabadell 3.73% and Unicaja 3.38% and the profits that Cellnex 1.26%, 0.65% and Ttelefonic 0.57%.
Among the protagonists of the session, the business results that IAG has published today: the Holding behind Iberia, British Airways or Aer Lingus. Its exploitation benefit before exceptional items in the first half of 2025 increased 43.5%, to reach 1,878 million euros, thanks to revenues, fuel and exchange rates. The benefit after taxes was 1,301 million euros, with an increase of 43.8%.
The growth of income in the first semester was 8.0%, until reaching 15,906 million euros, «which reflects the strong demand of our network and our brands,» says the company. Total expenses increased 4.6% to 14,028 million.
Yesterday after closing the results of Cellnex were known. The company lost 115 million euros until closing the month of June, which means reducing the harvested losses, 418 million euros by 72.5%, in the same period of the preceding year. However, in terms of organic growth, income increased +6% and Ebitdaal a +8.1%.
Outside the results season, Iberdrola communicated yesterday after the closure of the markets that has agreed to the sale of its businesses in Mexico to the Cox group for 4.2 billion dollars, including 15 plants with 2.6 GW of power. The agreement is subject to the usual regulatory approvals and a multiple of 1.6 million dollars (approximately 1.4 million euros) per megawatt (MW) operational has been established.
In the recommendations of the analysts, Morgan Stanley raises the target price of Unicaja to 1.8 euros, from the previous 1.7 euros. Despite this improvement, the valuation is significantly below the price of a bank that comes from climbing almost 15% in July.
On the other hand, BBVA plans to adjust again the exchange of shares in the OPA that plans to launch over Sabadell for the distribution of the ordinary dividend of 0.07 euros per action that the Catalan bank will pay on August 29.
Also in the financial sector, CaixaBank has executed 45.95% of its repurchase of shares in the seventh week of its program, whose maximum amount has been set at 500 million euros. Specifically, in this new program of the program has acquired 3,969,089 titles, at an average weighted price of 8,0090 euros and an amount of almost 31.8 million euros.
In the field of recommendations, Barclays analysts have decided to raise the target price of Banco Santander to 8.40 euros per share, from the previous 8.20 euros, while Citigroup has decided to raise the target price of BBVA to 16 euros per share, from the previous 14 euros.
While the stock market squares of the Eurozone lose positions and like the Spanish stock market present the greatest losses since the winding April 9, when Trump announced the tariffs.
Thus deeper and more generalized falls than in the Spanish market, with the exception of London, whose tariffs are lower, with the euro Stoxx 50 that drops 2.82% to 5,169 points, CAC 40 loses 2.91% to 7,546 points, the Dax trim 2.73% to 23,430 points, and the London session ends to el FT 100 With descents, but less accused of 0.7% to 9,068 points.
In Wall Street, deep cuts affected by dual way: tariffs and the publication of Apple and Amazon accounts that have not liked, especially those of the second to investors.
To this is added concern for the labor market with The Julio Employment Report, which created less jobs and with an increase in unemployment rate.
At the close of the Spanish Stock Exchange, Dow Jones loses 1.29% up to 43,560 points, the S&P 500 yields 1.55% to 6241 points and Nasdaq OMX drops 1.29% up to 20,688 points.
In fixed income, mixed tone with The 10 -year Spanish bond, with decreases from 0.49 %% to 3,257% while the German Bund has 0.52% cuts to 2,6780%. The Spanish risk premium drops 0.34% to 57.90 basic points.
In raw materials, with lead falls for barrel futures. He Brent that yields 2.76% to $ 69.73 while, the West Texas places its price at $ 67.39 and drops 2.56%.
Gold, rises strongly as an active refuge, up to $ 3,402 per ounce while earning 1.61%.
Bitcoin already loses. almost 3% and places its price at 114,729 dollars And the Euro Dollar ratio, in which the green ticket yields positions of 1.16% and places the ratio between both currencies in 1,1548 units.