The Ibex 35 closed this Thursday with a slight rise of 0.14%, reaching 12,821.3 points, putting an end to the bearish trend of the last three sessions in which the index had been affected by geopolitical and trade tensions.
The boost of this day, which put an end to an accumulated decline of around 3.5% since last Friday, came after yesterday’s release of the US inflation data, which was better than expected and boosted the country’s indices.
Renta 4 analysts anticipated this morning that today’s session was «scarce» in relevant macroeconomic data, and therefore, investors would be watching the evolution of the trade war between the United States and its former allies, as well as peace negotiations in Ukraine and investment plans in Europe, especially in defense. «All of this implies maintaining high volatility in the markets,» they added.
In fact, the tariff whirlwind found its echo again this Thursday in the United States after President Donald Trump threatened to impose a 200% tariff on all wines and alcoholic products from countries represented by the European Union (EU) if Brussels does not immediately withdraw the announced 50% tax on American whiskey.
On the macroeconomic agenda, it has barely been revealed that industrial production in the eurozone grew by 0.8% last January compared to the previous month, when it fell by 0.4%, while compared to the same month in 2024 it remained unchanged, according to Eurostat.
In the Spanish business sphere, Telefónica has reached an agreement to sell its subsidiary in Colombia to Millicom for about 368 million euros.
Given this situation, within the Ibex 35, advances by Telefónica (+2.86%), Acerinox (+1.74%), Enagás (+1.41%), Acciona (+1.18%), and Mapfre (+1.17%) stood out. On the loss side, Grifols (-1.49%), Puig (-1.24%), Sabadell (-1.23%), Fluidra (-1.16%), Inditex (-0.87%), and BBVA (-0.82%) were highlighted.
The main European stock exchanges closed mostly in the negative: Frankfurt decreased by 0.48%; Paris by 0.64% and Milan by 0.8%, while London was the exception by rising by 0.02%.
On the other hand, the price of a barrel of Brent crude oil, a reference for the Old Continent, stood at $70.03 at the close in Europe, 1.32% lower, while Texas fell by 1.49%, to $66.65.
In the foreign exchange market, the euro against the dollar was at 1.0870 ‘greenbacks’, 0.15% less than the previous day, while in the debt market, the interest demanded on the Spanish 10-year bond remained unchanged at 3.497%, with the risk premium over the German bond at 64.5 points.
On the other hand, the troy ounce of gold surged by 1.5% and reached new historical highs close to $3,000, while Bitcoin plummeted by almost 3% to $80,600.
