The tensions between the US and China quote on a stock market
Light fall day in the main European indices, among which Dax 40 (-0.2%) stands out, whose setback occurs from historical maximums. The increase in tensions between the US and China, with the possibility of total breakdown of the tariff truce in the next few days, causes cuts in stock markets throughout the world.
The IBEX35 started the session with losses, but has managed to turn it around and finish 0.6% upwards, exceeding 14,200 points. Rovi closes the end of the table (-1.3%), and remains the red lantern of Ibex35 during this 2025, with almost 15% of descent.
On the side of the profits we find Acerinox (+4.7%), which could be benefited from the increase (25 to 50%) of tariffs by the American government against the imports of steel and aluminum. The Acerinox business depends especially on the United States, since in 2024 in that country, half of the entire steel produced by the company, while around 52% of the income came from America. The key is that the company has factories in the United States, which makes tariffs not impact directly. Shareholders believe that tariffs could benefit them, as this will cause the competition of Chinese steel to be reduced. It also highlights the increase in Indra (+2.9%), and with today’s impulse accumulates a 110% increase so far this year, up to 37 euros per title. Spain is close to reaching 2% of the investment GDP in defense, which is providing millionaire contracts to Indra. At the same time, the conclusions of the European debate point to a community objective of between 3% and 5% GDP investment in defense and armament.
Gold rises 2% in search of new historical maximums. The price of the ounce of gold is negotiated in the $ 3,375 due to the increase in instability in the Russian-Ukraine war. Shortly before the resumption of conversations in Istanbul, Ukraine has launched an operation with drones directed against strategic air units in Russian territory, with estimated losses of 2,000 million dollars. For its part, the Bitcoin temporarily cuts its upward rally and goes back a percentage point up to 104,400 dollars.
Adrián Hostaleted
Analyst