Wall Street and Europe remain indifferent to the escalation in the tariff war: the Ibex is the only index with falls, weighed by Inditex

The climbing in the tariff war has left In tables to their main opponents on a day in which everyone had something to say: on the one hand, Donald Trump He retracted last night and withdrew his threat of imposing 50% tariffs to the products imported from Canada. On the other, the European Union He announced this morning that responded to tariffs on European steel and aluminum, in force since Wednesday and apply 25%rates, With “countermeasures” worth 26,000 million of euros. And before they close European stock markets, Canada He announced that as of Thursday he would impose 25% tariffs on products from the US.

And despite this exchange of threats and tariff measures, the markets have lived an apparently quiet day. In fact, the main European stock markets have closed the session in green:London added 0.53%; Paris and 0.59%; Milan 1.45% and Frankfurt and 1.56%.

There has only been one discordant element: the Ibex 35. The Spanish selective has cut its value at the end of Wednesday a 0,57%, until it is at 12,804 points, dragged by the Inditex collapse After communicating your results. This morning, the company chaired by Marta Ortega I announced a Record net profit of 5,866 million euros In its fiscal year 2024-2025, which is a 9% increase Regarding the previous year. However, in its figures a lower rate of growth is evidenced that the market has not liked: Inditex has lived its worst stock market since 2020, with losses of 7.5% at the end of the session.

During the press conference of the presentation of the results, the CEO of Inditex, Óscar García Maceiras, He maintained his optimism despite the fall of its value: “Every year in the presentation of results we say that our focus is on Generate medium and long term value For our shareholders. AND We are optimistic With the evolution that we will have in the exercise of 2025, in which for the moment the collections we have launched have been very well received by customers. So We are optimistic with the price of contributionN “. And he insisted:” We trust to maintain our sustained and responsible growth path“.

The companies accompanied in the declines of Inditex IAG (-4,20%), Solaria (-2,64%), Enagás (-2,60%), Amadeus (-2,42%) y Aena (-2,21%).

In the floods, BBVA It has been the main upward value (+2.71%), above Santander Bank (+2,39%), Sabadell Bank (+2,17%), Mapfre (+2,09%), Fluidra (+1,92%) y Sacyr (+1,73%).

The macroeconomic agenda on Wednesday focuses its attention on the publication on the afternoon of the United States inflation In February, one of the keys to the Federal reserve (Fed) when guiding your monetary policy. The data reflected that the American CPI was in February in the 2.8% interannual, which implies a deceleration of two tenths with respect to the previous data, As reported on Wednesday, the Office of Labor Statistics of the Department of Labor. A good fact that has been received by most indexes on Wall Street, which had already opened in green. One of its main indicators, the technological Nasdaq, A grew 1,96%, until it is 17,777 points; The selective S&P 500 I went up 1,06%, up to 5,631 integers; while the Dow Jonesalso increased a 0,37%, up to 41,585 points. However, in later minutes, Dow Jones has passed to the red color and register slight losses that he still maintained at European closure time.

When closing the European session, the Brent barrel It quoted at $ 70.97, a 2,01% more, while the West Texas Intermediate (WTI) stood at $ 67.74 after a flood of the 2,25%.

In it Debt marketthe performance of the Spanish bonus with 10 -year expiration was in the 3,496%compared to 3,525% of the closure of Tuesday. In this way, the Risk premium It fell to 61.9 basic points. Regarding the currencies, the euro depreciated 0.13% against the dollar, to cross in a exchange rate of $ 1,0906 for each euro.