The Ibex hits a new intraday high above 17,400 points at the start of the year
Add and continue of the Ibex 35. The Spanish selective starts the new year with increases and, for now, marking new intraday historical highs above 17,400 points. The index is coming off an unbeatable year, the second best since its creation in 1992, with a cumulative revaluation of 49.27%. Quite an achievement in a context marked by geopolitical tensions and the tariff war unleashed by Donald Trump after his arrival at the White House.
When more than two hours of trading have passed, the Ibex 35 increased 0.46% to 17,384 points, with strong increases for Grifols (4.9%)as well as for Repsol and Corporación Acciona Energía, which rose more than 2%. Iberdrola revalued by 0.9% and exceeded 18.6 euros per share and all banks were also listed in the green, with increases ranging from 0.6% for Santander and Unicaja to 0.2% for Bankinter. Few stocks gave ground, with Mapfre and Colonial leading the way, losing more than 1%.
All European stock markets registered increases, which are greater than half a point for the Ftse 100 in London and for the Ftse Mib in Milan. “We believe that today’s session will be a transition towards next week, in which activity should return to normal after the Christmas break and in which we anticipate that there will be a large number of relevant macro references,” Renta4 points out.
In the raw materials market, futures for a barrel of Brent, Europe’s benchmark oil, are trading practically unchanged at $60.89; while those of US West Texas Intermediate (WTI) crude oil do so at around $57.42. An ounce of gold also sees its value increase by more than 1% and is close to $4,400. Regarding currencies, the euro loses some ground against the dollar and is exchanged at 1.17 units.
The greenback is still awaiting possible announcements from the Oval Office. “If Trump announces Powell’s successor as head of the Fed, the market will focus on expectations of rate cuts and the dollar could depreciate again against the euro,” they point out from Bankinter’s analysis department.
