After two consecutive days of decline that have moved it away from the historical highs of 18,119.20 points of last February 3, when it reached an intraday record of 18,271.20 points, the IBEX 35 signs this Friday a weekly closing of timid increases that reach 0.78%.
Specifically, the Ibex 35 ends this Friday’s session positively, with increases of 1.11% at 17,943.30 points. Los The most bullish stocks of the day have been Sacyr (5.55%), Acerinox (5.13%) and ArcelorMittal (4.53%); on the other side, the The most penalized actions have been those of Sabadell (-4.72%), Puig (-2.36%) and Amadeus (-2.03%)
ArcelorMittal’s gains come amid two new recommendations for the Ibex steelmaker. On the one hand, an improvement in the target price by Deutsche Bank, which raises it from 47 to 57 euros, accompanied by the reiteration of the buy recommendation; The bank highlights that the steel company’s profits in 2025, with a net profit of 3,152 million dollarsmore than double that of 2024, exceeded expectations and show strong free cash flow. On the other hand, JP Morgan raises the target price of ArcelorMittal shares to 53.40 euros.
But if there has been a clear protagonist in the week it has been the banking sector, with the results of Banco Sabadell, BBVA and Santander, which has also made the news with the purchase of Webster Bank by the entity chaired by Ana Botín.
Precisely today, Banco Sabadell has closed the 2025 results season for Spanish banks. The Catalan entity closed the 2025 financial year with a net profit of 1,775 million euros, 2.8% less than in 2024 after registering 109 million euros net of extraordinary impacts. Likewise, it has announced a share buyback of 800 million euros. Yesterday, after the closure, the Catalan entity also announced that Marc Armengol will be the new CEO of Banco Sabadell, replacing César González-Bueno, who is leaving the bank after the wear and tear suffered after BBVA’s failed hostile takeover bid.
Together, Sabadell, Banco Santander, BBVA, Caixabank, Unicaja and Bankinter, the six IBEX 35 banks, obtained a profit of 34,000 million euros, with an increase of 7% compared to 2024.
In another order of news, the credit rating agency Morningstar DBRS has decided to raise the outlook for Bankinter’s rating to ‘positive’ from ‘stable’, which it has decided to leave unchanged at the ‘A’ step, as reported this Friday.
Telefónica has closed the sale of its subsidiary in Colombia to Millicom for 214 million dollars (about 182 million euros at the current exchange rate), as reported last night through the National Securities Market Commission (CNMV). Added to the amount of the sale is that the operation will also mean a reduction in its net financial debt by around 1,550 million euros.
Indra returns to the scene on the corporate front, not because of the results. Government statements, reminding that decisions correspond to the council and asking for caution in the face of possible changes, revive comments about the presidency and corporate operations on the radar. The value is driven, above all, by the perception of interference and stability at the top.
Acciona and ACS have formalized the signing of a contract in Australia to design and build the main section of the Logan and Gold Coast (LGC) Faster Rail project, valued at a total of 5,750 million Australian dollars (3,405 million euros). ACS’s participation in the project occurs through its subsidiaries CPB Contractors and UGL (companies that are part of its main subsidiary in Australia, Cimic), while Acciona’s presence is direct, and they will work together with the local firms SMEC and WSP in the ActivUs consortium.
In the Continuous Market, the mining company Berkeley Energia has filed a lawsuit worth about 1,250 million dollars against Spain before the arbitration tribunal of the World Bank, in relation to the blocking of the Salamanca uranium project. The company initially filed an arbitration request in May 2024 to claim $1 billion in damages from the Spanish government after it refused to grant final approval for its uranium mine project. The project, located near Salamanca, received preliminary approval in 2013, but the Ministry of Energy denied final approval in 2021 and again in 2023. Spain has until July to respond to the statement of claim.
Other markets
He rest of the bags of the Old Continent They also end the week on a positive note. This Friday, the DAX closes with increases of 1.10% at 24,720.53 points, the CAC 40 advances 0.43% to 8,273.84 points, the FTSE 100 gains 0.56% at 10,367.34 points and the Euro Stoxx 50 rises 1.20% at 5,996.80 points.
In Wall Street, The indices were betting on increases at the opening this Friday, with the Dow Jones on track to close the week with slight increases. Specifically, the Dow Jones rose 0.80% to 49,298.93 points led by Boeing (+2.90%) and Caterpillar (+2.73%); The S&P 500 advanced 0.50%, at 6,832.24 points, while the Nasdaq rose 0.40% to 22,631.20 points.
In the raw materials section, Oil Futures prices return to the green numbers, while investors remain focused on the outcome of the nuclear talks between the US and Iran in Oman. The crude Brent adds 0.78% to $68.08 per barrel. For their part, the futures of American West Texas They gained 0.67% to $63.72 per barrel.
Investors also remain attentive to the prices of precious metals, which have been on a roller coaster ride in the last week. Gold reverses its trend and rises 3.4% to $4,943 per ounce.
In the field of currencies, the exchange rate between the euro and the dollar stands at 1.1813 dollars for each single currency, with an increase of 0.29% for the euro.
Finally, after a week of sharp falls in cryptocurrencies, Bitcoin is currently moving with slight increases close to 2% but below the support of 70,000: specifically, Bitcoin is trading at $68,759. At this point, investors know what the crypto floor is and how far the falls can go. Precisely today, Ei’s technical analyst, José Antonio González, pointed out that «the price of Bitcoin is at a really delicate moment in terms of its medium and long-term structure since we are recently witnessing a reactivation of the corrective process started from the highs of 2025.» Furthermore, he warns that a weekly close below those $70,000 in Bitcoin would aggravate the medium-term technical context, proposing as the next bearish objective the next most important support zone located in the vicinity of $50,000/Bitcointarget or level that is equal to the theoretical minimum retracement target of a broad shoulder-head-shoulder pattern of distribution or bearish implications.