The Ibex 35 seeks to revalidate new historical highs on Christmas Eve
The Ibex 35 fights for new all-time highs. With less than an hour left until the closing of the session, the Spanish stock market reference is testing 17,200 points, a level that it already touched intraday, although it has not closed above it. The day is marked by the reduced session, which will close at 2:00 p.m. and involves a lower trading volume. The stock market week ends this Wednesday, since neither Christmas Day nor Friday, December 26, the markets will remain closed.
Investors are rushing the last minutes of a semi-festive day that does not have the reference of the Italian, German or British stock market. In this context, the CAC 40 shows an increase of 0.11% and accompanies the selective one. The Spanish index recorded an advance of 0.1% with most of the index values positive. Telefónica leads the increases with an increase of 0.47%, followed by Acciona Energía (+0.46%), ArcelorMittal (+0.44%) and Acerinox (+0.4%). On the contrary, Indra, Bankinter, IAG and ACS become the ‘red lanterns’, with falls ranging from 0.4% to 0.8%.
The GDP data for the United States was better than expected, with an increase of 4.3%, five tenths more, which was its best mark in two years. This moves away from the 0.6% decline observed at the beginning of 2025, when GDP fell for the first time since the beginning of 2022, boosting global stock markets. The S&P 500 reached 6,909 points, a level never reached until now.
Commodities such as gold have also gained traction and are trading above $4,500 an ounce amid escalating tensions in Venezuela and expectations of further interest rate cuts in the United States.
