The Ibex 35 has closed the stock market session this Maundy Thursday with a decrease of 0.17%, standing at a level of 12,914.28 points, in a day marked by the decision of the European Central Bank (ECB) to lower interest rates by 25 basis points, setting the deposit facility rate at 2.25%, the main refinancing operations rate at 2.40%, and the marginal lending facility rate at 2.65%.
The day was also influenced by tariff uncertainty, with the Chinese government stating that it will «ignore» what it has described as «tariff number games» by the Donald Trump administration, in response to statements made the previous day by the White House warning that the Asian giant could face «tariffs of up to 245%» as a result of retaliatory measures in the trade war between the two superpowers.
Nevertheless, through his social media, Trump has assured this Thursday that «all countries» want to negotiate the issue of tariffs, «including China.»
«All countries, including China, want to meet,» he said, which is in line with the meeting he is holding this Thursday with Italian Prime Minister Giorgia Meloni, the first bilateral meeting between Washington and a European leader since the escalation of tariffs this month.
Linked to all this, Trump has also posted on his social media a rebuke to Federal Reserve Chairman Jerome Powell for his «slowness» in lowering interest rates and has stated that his dismissal «cannot come quickly enough.»
Overall, the selective index has closed with half of its values up, although during the day there were moments when only five were trading in the green.
Of these, the leading values are Repsol (+1.77%), Colonial (1.54%), Cellnex Telecom (+1.51%), Telefónica (1.43%), and Mapfre (1.04%).
On the other hand, Acciona Energía (-2.34%), CaixaBank (-2.16%), Bankinter (-2.05%), Indra (-1.82%), Grifols (-1.8%), and Solaria (-1.59%) are at the bottom of the table.
The closing was similar in the rest of the major European markets, with London falling by 0.04%; Paris, 0.6%; Frankfurt, 0.53%; and Milan, 0.28%.
The Brent barrel was at $67.67, up 2.79%, while West Texas Intermediate (WTI) rose by 3.12% to $64.42.
The yield on the Spanish 10-year bond reached 3.170%, compared to 3.209% at the close on Wednesday. Consequently, the risk premium stood at 65.3 basis points.
In the foreign exchange market, the euro depreciated by 0.28% against the dollar in the European mid-session, trading at an exchange rate of 1.1361 dollars per euro.
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