The Spanish Variable Income returns where it used toin a session marked by the tonic more than complex that wraps financial markets in recent times. Sign changes with almost 200 points of difference between the best and the worst of the session, marked by many factors.
The first, the ECB meeting, drops 25 at basic points the interest rates in the Eurozone, up to 2.5%, with what it has done for the sixth time since June of last year and is also the fifth consecutive time in which it cuts them. It is also the lowest level that occurs in the price of money in the eurozone in the last two years.
The most important thing, that nothing will change with decisions depending on the data and meeting to meeting, although with worse growth forecasts in the eurozone and planned increase in inflation for this year. while, President Lagarde acknowledges that the risk is global and that uncertainty, before tariffs without pronouncing Trump’s name, is enormous.
And this has had, despite being discounted by the market, two clear effects on the Spanish Stock Exchange. The first, a new rebound of a euro that is unleashed, as it comments to investment strategies, the market analyst, Manuel Pinto, indicating that the levels of 1.09 units of today mark three consecutive days upwards, something that was not recorded in such amount in 10 years, and the best levels of the single currency since last November. An effect that nobody thought at the beginning of the year when talking about parity for this 2025.
The second is The continuation of the strong increases in profitability in debt marketswhich, from the first hour they have stressed the variable income. and marked the most bulky falls in the session.
Faced with this, the repetition in the increases, of yesterday’s guidelines. Arceormittal and Indra star in strong rises, the nths for the second with more than 37% of consecutive comeback for the value, in the heat of the community summit that endorses the advances of both German investment in infrastructure and all in the case of defense.
While Banks help improve with their own claims: There is no safety of declines in April of the types in the eurozone and improvements in their objective prices, than in the recommendations. And the sum, especially for Santander and BBVA arrives from the US, with the statements of the Secretary of Commerce indicating that Trump could delay the entry into force of the tariffs of 25% of their two main shopping partnersCanada and Mexico.
With all this, IBEX 35 dismisses Thursday with light profits of 0.15% to 13. 234pants with rises for 6.63% Arcerational, Indra 3.84% and Banco Santander 2.45% and falls of values such as Cellnex 6.36%, Ferrovial 3.43% and Merlin Properties 2.88%.
As we say focus on Arcelor and Indra, Given what multimillionaires can suppose, and sustained over time, investments in Germany and the Eurozone in both infrastructure and defense, while banks celebrate the prudence of the ECB without anticipating that it will pass with the types in the eurozone at its next meeting, that of April.
The enormous reigning uncertainty and upward risks in the face of worsening forecasts, more inflation scheduled for this 2025 and less growth, together with the Deutsche Bank report and lowers in some cases the recommendations and target price, but adds them in some cases, elevates them again to the best of the session, with Banco Santander and BBVA at the head, with advances above 2%.
Already in the negative part, the rise in the tires of the debt break the panorama, with the highest financing cost, for the most indebted IBEX 35 companies. Hence the bulky cuts of companies such as Cellnex, Merlin Properties, Ferrovial and Grifols a, among those most leveraged, also for their type of business, in the selective.
In fact, for the second consecutive day The profitability of the Spanish debt to 10 years increases 2.9% to 3,543% while the German reference Bund reaches 2,8850, with advances of 3.63%. The Spanish risk premium drops again after the strong cut of yesterday 1.2% to 65.55 basic points.
In the rest of Europe, a positive sign except in London, which passes through a Dax again promoted by the planned investments, with the euro Stoxx 50 that rises 0.41% to 5,519 points, CAC 40 amounts to 0.29% to 8,197 points, the DAX wins 1.13% to 23,377 points, and the session in London ends to el FT 100 with cuts of 0.89% to 8,677 points.
And Wall Street, again with many swings and given the potential delay of one month of tariffs to Mexico and Canada slightly the strong losses, accompanied by the drop in the dollar, of 0.26% in its index while accumulating an annual decline of 4.11%.
In the business plane, today the retail sector will be the protagonist with the accounts of Macy’s or Kroger, which arrive at a time especially delicate for the implications that the commercial war in their businesses can have. Today they will also present Costco and GAP, although we will have to wait at the close of the regular session.
Macy’s has presented gains per share of $ 1.80, above the 1.53 dollars expected, while the income reached 7,770 million, below in this case of the planned 7,870 million and lows just half a point, but which places the price of the value at its lowest year -on -year level at $ 13.24.
In addition, Marvell Technology actions collapse almost 16.74% in the opening. Although the company managed to slightly beat market expectations with its quarterly report, The figures are not enough to excite some investors who wanted a strong growth driven by AI.
In this way, at the close of the Spanish market, Dow Jones loses 0.26% to 42,894 points, the S&P 500 drops 0.65% to 5,805 points and the Nasdaq OMX cuts 0.82% to 18,400 points.
In raw materials, oil is shown with descents, with A future of the Brent barrel that drops 0.4% to $ 69while, the West Texas places its price at $ 65.63, and drops 0.56%.
Gold, with decreases of 0.09% in their future that Rate in price to 2,923 dollars an ounce
Bitcoin already, which reverges up to $ 90,600 per active, with profits of 1.9% and Ethereum does it to a greater extent to 2,255, with 3% increases.
Finally, the Euro Dollar ratio, protagonist in the session after the expected cut of ECB types, rises 0.37% and is placed at 1,0829 units.