The Ibex 35 reaches 17,000 points for the first time in its history and enters unknown territory
The Ibex 35 enters unexplored territory and breaks all historical records. The selective has started the session on the rise, reaching over 17,000 points intraday, a record barrier for the Spanish stock market since records began. It must be taken into account that unlike other indicesthis deducts the dividend distribution from its capitalization, which has a short-term deflator effect. With the rebound in recent days, the annual revaluation exceeds 45%.
Although this level has been reached punctually and then it has fallen slightly to around 16,990 points. Virtually all securities are trading positively, being Fluidra (-0.08%) the only undecided. At the far end, The day is headed by Ferrovial, that this Friday its entry into the Nasdaq 100, known as the technological index, is at stake, and that it was one of its objectives that motivated the transfer of its headquarters to the Netherlands. The company led by Rafael del Pino is trading with an increase of 1.75%, followed by Sacyr (+1.34%), ACS (+1.29%) and Action (+1.25%).
The bank also acts as a catalyst with advances that cover 0.87% of Sabadell Bank at 0.29% of CaixaBank. Among the values with great weight in the index, the Inditex (+0.9%), Repsol (+0.44%) and Telephone (+0.35%). On a day without major references, Bankinter analysts anticipate a positive tone in the stock markets. “The market seems to close in 2025 and it is best to maintain a pro-risk positioning, already thinking about 2026,” they point out from the aforementioned analysis house.
Green is widespread among the main squares of the Old Continent. He german dax rebounds 0.66%, FTSE MIB rises by 0.64%, the CAC 40 an increase of 0.55% is recorded and the FTSE 100 opens with a rise of 0.47%. This Friday the final inflation data corresponding to November for France, Germany and Spain will be published. At the national level, the CPI moderated its advance in the penultimate month of the year, up to 3%.
“Inflation seems quite controlled in the eurozone as a whole, although in the case of Spain this variable has been in the last months significantly above the 2% targetestablished by the European Central Bank (ECB)”, point out Link Securities analysts. The Frankfurt-based organization will hold its monetary policy meeting next week, in which the market discounts that it will keep the price of money at 2%.
Wall Street closed yesterday in a mixed tone in a few hours marked by the hangover after the Federal Reservewhich reduced the money reference rate by 25 basis points, to a range of between 3.5-3.75%. It should be noted that the Dow Jones Industrials -Wall Street’s main index- set an intraday record, up to 48,704 points, infecting Asian stock markets with optimism. The positive reading of the trade deficit, which was reduced to double digits in September, to 52,828 million dollars, 10% less, acted as a catalyst.
Regarding currencies, the euro continues to appreciate against the dollar above the barrier of 1.17 ‘greenbacks’, while oil is registering increases. He Brent -the reference in Europe- rises 0.75%, to 61 dollars a barrel, in line with the Texaswhich moves above $58 a barrel, 0.8% more. In this context, the interest on the Spanish ten-year bond is placed at 3.3% and the German ‘Bund’ opens at 2.85%.
