The Ibex 35 chokes at 16,900 points and moderates the increases to 0.8% after breaking new records

He Ibex 35 It cannot handle the 16,900 points and moderates its climb at the end of the session. The Madrid selective ended the day at 16,883 points, with an increase of 0.72%, which represents a new daily maximum although it reached 16,933 points one hour before closing. The rebound experienced is in line with the average of the Old Continent, which is dyed green. The mixed tone on Wall Street after Oracle’s results, which fell 13% and called into question the profitability of artificial intelligence, contrasts with the purchases in Europe, with advances ranging from 0.8% of the CAC 40 French at 0.5% of FTSE 100.

The Spanish market gains momentum supported by the banking sector and large values ​​such as Inditex (+0.69%). Although the promotions are led by IAG (+2.86%), it is the banking securities that pull the index with BBVA (+2.34%), Unicaja (+1.95%) and Santander Bank (+1.84%) in the lead. In addition, CaixaBank rises 1.5% and Sabadell Bank 1%. Although practically most of the index is trading positive, the declines are led by Solaria Energy (-23%),

Repsol (-1.9%), Acciona Energy (-1.7%) and Naturgywhich plummets more than 6.65% after BlackRock has announced the accelerated sale of its 7.1% stake in the energy company. The market interprets that after this movement more investors could abandon capital.

The hangover from the reduction in interest rates by 25 basis points undertaken by the Federal Reserve (Fed) this Wednesday, has been overshadowed by the income statement of the aforementioned Oracle, which, although better than expected, includes an increase in debt and investments, something that has not been well received by the market. For its part, the central bank American has met market expectationsbut suggests only one cut for 2026, compared to the two that were initially expected.

Among the relevant macroeconomic data, the publication of the United States trade deficit stands out, which fell by more than 10% in September and is close to 52,828 million dollars, which gives Donald Trump arguments to maintain his trade policy. The Fed has revised its growth forecasts upwards, with an improvement of five tenths for next year, to 2.3%, while for 2025 it foresees an expansion of the economy of 1.7%. However, the surprise has come hand in hand with the reactivation of short-term debt purchases to boost liquidity. Only in December it will be done with 40,000 million, to gradually reduce the pace throughout 2026.