Indra plummets 8.6% due to China's veto and the threat of expulsion from NATO
The company leads the losses of an Ibex-35 that closes a black week and loses the mark of 17,700 points
BarcelonaAbrupt rudder blow for Indra on the Spanish stock market, which has become the most punished stock on the Ibex-35 this Friday in a session marked by widespread red, where the reference selective in Spain has fallen by 1.09% to 17,691.30 points. After weeks of calm and sustained growth due to contracts from the European Defence Fund, the technology and security company has experienced a day of panic that has caused its shares to fall by 8.59%, placing them at 47.68 euros.
The decline responds to a double geopolitical aspect. Firstly, the Chinese Ministry of Commerce has announced the immediate application of restrictions on the export of dual-use products –civil and military– to seven European companies in the aerospace and defense sector. Secondly, the quotation has been weighed down by a Pentagon email that raises the possibility of expelling Spain from NATO due to a lack of support for the United States in the Middle East conflict.
Euphoria is slowing down
Up to today's session, Indra was one of investors' favorite stocks this 2026, with a revaluation that had reached historic highs thanks to the award of 15 new European defense projects for an aggregate value of nearly 800 million euros.
The company led by Àngel Simón, which will present its first-quarter results for this year 2026 on Thursday, April 30, has been dragged down during the session by uncertainty about how the Chinese veto and Spain's situation with NATO will affect long-term production.
Stock markets fall and oil climbs
Regarding European stock markets, they have ended the week with a general tone of cuts, marked by the stalemate in negotiations between the United States and Iran. In this context of uncertainty in the Middle East, the Brent barrel –the benchmark crude for Europe– has risen to $105, despite the indefinite truce between the United States and Iran.
The Ibex-35 has chained its fifth day in the red and has lost the psychological level of 17,700 points with an accumulated drop of 4.29%. Although sales in the rest of the Old Continent's markets have been more moderate, the German Dax has fallen a discrete 0.11%; the French CAC by 0.84%; Milan by 0.52% and the London Stock Exchange by 0.75%.
In this context, caution predominates in the debt market: in Europe, the yield on the German bund has fallen below 3%, while the Spanish 10-year bond remains close to 3.45%. On the other side of the Atlantic, the yield on the 10-year US Treasury has fallen to 4.30%.
This dynamic has been reflected in the currency market, where the weakness of the greenback has allowed the euro to gain strength and surpass the barrier of $1.17. In this regard, the loss of strength of the dollar has pushed gold to the zone of $4,750 an ounce.