Spanish equities take a break. After marking its ninth maximum of the year yesterday, with the bank as the driving force behind the cuts, the Spanish selective puts aside the 17,600 points to purge excesses, those harvested in recent days.
At the close of the session, the IBEX 35 fell 1.10% to 17,607.60 points with the falls of values such as Banco Sabadell 3.18%, BBVA 2.82% and Bankinter 2.67% and the increases experienced by companies such as Cellnex 1.83%, MERLIN Properties 1.6% and ArcelorMittal 1.17%.
Among the news of this session, those relating to Iberdrola stand out, which sees how a US judge allows Iberdrola to resume the offshore wind project in Massachusetts ‘Vineyard Wind 1’, rejecting Trump’s suspension. This judicial decision leaves the project free and will allow construction, start-up and production activities to continue immediately, although the company has indicated that it will continue working with the US Administration «for a quick and permanent resolution of the procedure.» At closing it loses slight positions.
Already in the case of Indra, also a downward trend. According to publication Expansionthe company’s board will propose at tomorrow’s meeting to begin negotiations for an eventual merger by absorption with Escribano Mechanical & Engineering (EM&E), a company owned by its president.
Turner, the American subsidiary of ACS, begins the construction of a laboratory in the US worth 1.7 billion dollars. Construction is being carried out through a design-build contract led by the joint venture of Gilbane Building Company and Turner Construction Company, with HOK as the design partner. The value has been among the worst of the selective today, taking profits after the intraday highs recorded yesterday.
Regarding analyst recommendations, RBC Capital cuts BBVA’s advice from ‘overweight’ to ‘sector performance’, but raises the target price from 19.25 euros to 19.75 euros per share.
The same happens with Banco Sabadell, which is no longer an object of desire on the part of UBS. The Swiss firm maintains its neutral recommendation on the entity’s shares, but lowers its target price of3.35 euros to 3.30 euros per share, with almost no room for improvement on yesterday’s closing price of its securities.
In it Continuous Market It has been known that HBX Group International recorded revenues of 170 million euros in its first fiscal quarter, ended at the end of December 2025, which represents an increase of 5% at constant exchange rates and 1% in reported terms compared to the same period of the previous year. At closing their cuts are close to 3%.
Already in the rest of Europe, today there is a negative prominence for ASML but especially for LVMH after its results and its prospects that investors have not liked. At market close, the EURO STOXX 50 fell 1.01% to 5,933 points, the CAC 40 fell 1.06% to 8,066 points, the DAX yield a 0.35% up to 24,819 points, and el FT 100 ends this Wednesday with cuts of 0.54% to 10,152 points.
Already on Wall Street, opening levels for the indicators although intraday the S&P 500 has exceeded 7,000 points for the first time in its history.
Today all eyes turn towards the Federal Open Market Committee of the Federal Reserve (FOMC)which announces its monetary policy decisions after two days of meeting. It is taken for granted that the central bank will keep interest rates unchanged, in the range of 3.5% to 3.75%, but investors will scrutinize both the Fed’s statement and the appearance of the president, Jerome Powell, for clues about future movements and all expectation is focused on his confrontation with Trump, who is raising the temperature with the opening of prosecutorial proceedings against him.
In corporate news, Starbucks has put on the table adjusted earnings of 56 cents per share, below the expected 59 cents per share. However, revenue increased 6% to $9.92 billion, above the expected $9.67 billion. The coffee chain’s global comparable-store sales rose 4%, above the 2.3% increase analysts had expected. The shares rose more than 6.4% in the New York morning.
Today at the close of the market some of the most anticipated results of the week will be known, which will be presented by three of the so-called Magnificent 7 of Wall Street: Microsoft, Meta Platform and Tesla. Tomorrow, Thursday, it will be Apple’s turn, while for Alphabet, NVIDIA and Amazon accounts we will still have to wait.
But Amazon is today the protagonist after announcing that will cut 16,000 more jobsas it seeks to reduce bureaucracy and free up money for its plans to increase spending on artificial intelligence. The cuts come just months after layoffs in October, when 14,000 Amazon employees lost their jobs. At that time, the company warned that the cuts would continue in 2026, as it was looking for “other places to eliminate personnel.”
At the close of the Spanish stock market, the DOW JONES gained 0.08% to 49,041 points, the S&P 500 advanced 0.10% to 6,986 points and the Nasdaq advanced 0.22% to 23,869 points.
As for fixed income, they fell in this session lAsset returns. The 10-year Spanish bond lost 0.31% to 3.219% while the cuts were 0.4% for the German bund, which is trading at 2.8595%. The risk premium moves with gains of 1.27% to 35.92 basis points.
In raw materials, Oil Futures show increases in the session. The future of the barrel of crude oil Brent advances 0.96% to $67.08, while the West Texas ghana and 0.95%, up to 63 dollars.
Gold is skyrocketing in the market again and has already achieved more than 22% gains so far this year. Today it adds almost 4% and reaches a new maximum, at $5,324.
Already in the case of Bitcoin we see increases up to $89,349 per asset with percentage advances of 0.84%, at the closing time of the Spanish stock market.
Finally, in the Euro Dollar relationship, the greenback revalues again after reaching minimum levels since February 2023.