Spanish equities are taking a well-deserved break that has been gaining in intensity in the last hour of business, with a good part of the values that closed this Tuesday’s session in red. With a theme that has dominated the environment: the potential peace, which is closer, in Ukraine, after reviewing the United States plan between the EU and Zelensky and Trump’s statements predicting that a ceasefire with definitive bases between Moscow and kyiv is approaching.
The most affected from the first hour, the European defense sectorthe one that has performed the best so far this year, with a subsequent drift in the values of the United States. Good proof of this are the falls of Indra, who lost strongly in the session.
And left aside is the mixed employment report in the United States, postponed from November, which shows greater job creation but with a higher unemployment rate, the highest in the eleventh month of the fiscal year in the last four years.
In this way, the IBEX 35 closes the session with cuts of 0.7% to the points with falls for values such as Indra 5.40%, Laboratorios Rovi 3.74% and Repsol 2.48% and increases experienced by Acciona, Acciona Energías Renovables 1.21% and Acerinox 0.99%, on this Tuesday.
Among the protagonists, Indra stands out, with significant correction due to the declarations and negotiations to ensure that Russia and Ukraine reach a peace agreement. Although the positions are still clearly divergent, especially due to Vladimir Putin’s intention to annex the invaded territories of Ukraine, the efforts between Zelensky and the European Union to ‘soften’ the content of the peace plan for the area, They leave more closeness on the table.
And above all the idea of Trump that peace is «closer than ever.» Furthermore, although as a mere procedure, the company already has the approval of the Government to the purchase of almost 90% of Hispasat by Indra, worth 725 million euros, after approval by the Council of Ministers held today.
Ukraine also flies over the Repsol oil company. Today heavily punished by the cut in the price of crude oil in international commodity markets in the heat of a possible peace.
Iberdrola will sell to Edison Next a portfolio of gas assets for slurry treatment in Spain, with a combined power of 52 megawatts (MW). According to the Spanish multinational, the transaction includes five plants in operation – developed more than twenty years ago and operated during this period in “excellent maintenance conditions” – and four biomethane projects in the development phase located in adjacent areas.
Meanwhile, Telefónica proposes a 20% reduction in its final ERE offer in three subsidiaries
The operator leaves the adjustment in Telefónica SA, Global Solutions and Digital Innovation at 599 layoffs. Negotiations can be closed this week with the final proposal for the entire group. In this way, the company’s global ERE would be reduced by 5%.
In addition, S&P Global Ratings has reaffirmed Banco Sabadell’s credit rating as a long-term issuer at ‘A-‘ and has improved the outlook from ‘stable’ to ‘positive’, as indicated by the entity in a statement to the National Securities Market Commission (CNMV).
The ‘positive’ outlook reflects the possibility that the rating agency will improve the bank’s rating in the event that the entity achieves and maintains a sufficient cushion of subordinated instruments with loss absorption capacity (exceeding 6%), so that, in a resolution scenario, it offers additional protection to senior debt bondholders.
Already in the rest of Europe, at the close of the market, widespread falls. The EURO STOXX 50 fell 0.64% to 5,715 points, the CAC 40 lost 0.23% to 8,106 points, the DAX was a 0.77% to 24,067 points, and the session in London ends for el FT 100 with cuts of 0.69% to 9,683 points.
And on Wall Street, a new downward session, this time due to the reading of the employment report that will reflect the economic weakness of the United States, with the growth in job creation, but also in the unemployment rate, well above what was expected and the downward revision of the October data, with a loss of 105,000 jobs.
November, on the one hand, marks that Job creation is above expectations, 64,000, but the unemployment rate reaches its highest level in the last four years in November as scales two tenths up to 4.6%. Lower wage increase since the increase per hour worked is one tenth, compared to the three planned, with therefore less inflation.
All of this raises the chances of a rate cut in January by the Fed, but less than 30%, insufficient for a new relaxation of monetary policy in the US.
In today’s session, significant falls, more than 5% for Pfizer, which has published disappointing profit forecasts for 2026. Pfizer forecasts earnings of between $2.80 and $3 per share for next year. Analysts surveyed by LSEG expected earnings per share of $3.05 by 2026. The company also reaffirmed its guidance for 2025. Shares were flat.
Also in the news is The Kraft Heinz, which announced that former Kellanova CEO Steve Cahillane will take over as CEO in 2026, as Kraft Heinz prepares to split into two publicly traded entities.
The DOW JONES fell, at the close of the Spanish stock market, 0.35% to 48,247 points, from its maximum yesterday, the S&P 500 fell 0.39% and stood at 6,791 points and the Nasdaq fell 0.12% to 23,025 points.
Regarding fixed income, mixed trend asset returns. The 10-year Spanish bond falls 0.24% to 3.288% while the advance is 0.04% for the German bund, which is trading at 2.8511%. The risk premium drops a significant 4.75% to 43.73 basis points.
In raw materials, the potential peace between Ukraine and Russia triggers falls in the price of Oil Futures. The barrel of crude oil Brent loses 2.77% to $58.87, while the West Texas runs a 2.82%, up to $58.89.
Gold once again rises to the maximum zone that is increasingly closer: it gains 0.25% to $4,345 per ounce.
Bitcoin is now turning around and showing gains of 1.51% to $87,645 per asset. Finally, in the Euro Dollar relationship, the single currency rose 0.15% to 1.1772 units.