The Ibex closes a heart-stopping week at all-time highs and puts 17.2000 within reach
The Ibex 35 puts an end to a week in which it has shattered all historical records. The reference index of the Spanish stock market closed this Friday at 17,169 points, a level never reached until now and which was achieved in the heat of the Christmas ‘rally’, although it has reached 17,200 intraday. The selective overcomes the volatility of the day, which has been characterized by a phenomenon known as the quadruple witching hour in which futures contracts and options on stocks and indices expire.
The upward opening of Wall Street has encouraged investors to maintain the green tone in the Old Continent, with advances ranging from 0.6% of the FTSE Mib and the FTSE 100, to 0.3% of the German Dax, while the CAC closes practically in a draw. In the Spanish case, the advance has been 0.22% and completes the last week of the year with a revaluation of 1.87%.
With six business sessions left to end the year, all of Europe’s main indices are posting double-digit gains despite the uncertainty associated with volatility and tariff policy. A rebound led by Spain with a rise of over 48%. Among the references of the day are the PCE data, the personal consumption expenditure price index, corresponding to October, a key indicator used by the Federal Reserve (FED) to make its decisions regarding monetary policy.
