The Spanish stock market marks a new negative day and does so with its third consecutive session of cuts. Generalized falls and very acute volatility with constant changes in sign both in the indicator and in the values, while the most defensive stocks hold up better, such as those linked to telecommunications that are gaining positions at the close of this session.
Specifically, this Thursday the IBEX 35 gives up the day’s lows and breaks the low level of 18,000 points. Specifically, the bears remain in control and The Spanish selective fell 0.82% at closing to 17,896.90 points.
Los The most penalized stocks have been ArcelorMittal (-4.89%), Solaria (-4.22%) and Amadeus (-2.70%). On the other side, the The biggest increases have been for Redeia (2.59%), Cellnex (1.88%) and Telefónica (1.81%).
Today one of the great protagonists of the day has been Mapfre, which has increased its profit by 19.6% to 1,079 million euros, while premiums grew by 3.6% in euros to a historical maximum of 29,145 million. The “excellent evolution of the business” allows the complementary dividend to be raised to 11 gross cents per share, leaving the total dividend against the year at 18 gross euro cents per share (+12.5% compared to the previous year), according to the insurer. This is the largest dividend in the company’s history, with a payout of 51.4%
In other news, Sacyr has signed a strategic agreement with Built to develop construction projects in Australia. The joint venture between the two has been selected as a preferred partner for the construction of the new Peel Health Campus hospital. Construction is expected to begin in mid-2026, the company says.
Aena’s Spanish airports registered 25.8 million passengers in January, according to the company, which represents an increase of 3.3% compared to the same month of the previous year. The Adolfo Suárez Madrid-Barajas airport continues to be the busiest in Spain, followed by the Josep Tarradellas Barcelona-El Prat and the Málaga-Costa del Sol, according to the operator.
In the analysts’ recommendations, RBC experts leave BBVA shares without any path. They maintain their neutral rating and raise their target price from 19.75 to 20.25 euros per share, but the price barely leaves room: only a 0.25% improvement.
Citigroup cuts Amadeus’ recommendation to ‘neutral’ and lowers the price target to 50 euros per share, with no potential from current levels. The stock, at its lowest: Amadeus is having a very complicated start to 2026, accumulating uA sharp drop of 20.5% so far this year that has taken them to the lowest levels of the last 52 weeks.
On a macro level, today the LSEG/Ipsos primary consumer confidence index (PCSI) for Spain, which rose to 50.0 in February. The previous month’s data had shown a level of 49.2. The LSEG/Ipsos Primary Consumer Sentiment Index (PCSI) is a monthly survey of consumers’ attitudes towards the current and future state of their national economy, their personal financial situation, their savings and their confidence in making major investments.
Other markets
In it rest of European marketsthis Thursday only the French stock market has been saved from the falls: The CAC 40 ended with slight increases of 0.33% at 8,340.56 points. Meanwhile, the DAX has lost a minimum of 0.01%, the FTSE 100 has lost 0.66% and the Euro Stoxx 50 has lost 0.37%.
The Wall Street stock market has started this penultimate session of the week with a positive sign. Specifically, the DOW JONES rose 0.52% to 50,382.74 points, the S&P 500 gained 0.34% to 6,964.75 points, while the Nasdaq advanced 0.27% to 23,129.59 points.
In commodity markets, Oil Futures correct after yesterday’s increases while the market remains focused on tensions between the US and Iran. While US President Donald Trump has signaled his goal is to reach a nuclear deal with Tehran (comments following talks with Israeli Prime Minister Benjamin Netanyahu), traders remain concerned about the possibility of military strikes and risks to supply. At this time, the crude oil Brent drops 1.60% to $68.29, while the West Texas cuts 1.59% at $63.60.
On the other hand, this Thursday we learned that the Global oil reserves built up last year at the strongest pace since the 2020 pandemicas supply soared and demand growth slowed, according to the International Energy Agency (IEA). Inventories rose by an extraordinary 477 million barrels in 2025, with stocks in OECD nations exceeding the five-year average for the first time in four years, the advisory body for major economies said in its monthly oil report.
Los Gold prices lose the 5,000 levelafter the US dollar strengthened following better-than-expected January employment data, which dampened expectations of short-term interest rate cuts, and as investors await inflation data due tomorrow. Spot gold is currently falling 2.7% to $4,944 per ounce.
The exchange rate between the euro and the dollar stands at 1.1869 dollars for each single currency.
Bitcoin remains stable and is currently trading with increases of around 1% at $66,694. Today Standard Chatered has warned that the cryptocurrency can reach $50,000. The bank has cut bitcoin price forecasts for the second time in less than three months. Now, Standard Chatered believes that Bitcoin will end 2026 at $100,000 per unit. In December, before the first review, I saw the currency at $300,000. The bank has also warned that throughout this year bitcoin could reach $50,000 before going back up.