The Ibex 35 has closed the session higher, reaching 12,609.8 points, which represents a 2.64% increase compared to Friday’s close and above the 1.9% rebound it had registered in the first part of the session.
The US Commerce Secretary, Howard Lutnick, stated this Sunday that smartphones, computers, microprocessors, and other electronic devices, which were excluded at the last minute on Friday from reciprocal tariffs, will be part of a new levy on semiconductors that will likely arrive «in one or two months.»
In this context, Trump has announced that pending tariffs on semiconductors will come into effect «in the very near future» and has hinted that some exceptions may be included in his measures, citing the need for «flexibility.»
«It is possible that there may be increases in stock markets, especially after the exemption for certain technological products is known, but they will be temporary. The trade war has an irreversible impact in terms of confidence and this will affect the economic cycle,» explain the analysts at Bankinter.
In any case, investors are also focused on the European Central Bank (ECB) meeting this Thursday, although it will be a non-working day in Spain, the Stock Exchange will remain open. However, it will be closed on Good Friday and Easter Monday.
«Against a backdrop of uncertainty and fear of growth deceleration, and despite the uncertain impact on inflation, the odds of rate cuts for this week’s meeting have increased to 95%,» added analysts at Renta 4.
In this scenario, Bankinter has been the top gainer (+4.47%), ahead of Grifols (+4.34%), Indra (+4.02%), ACS (+3.04%), CaixaBank (+3.82%), Acerinox (+3.82%), and Banco Santander (+3.76%).
Only Solaria has closed in the negative, dropping by 0.30% in this session. The smallest increases were for Acciona Energía (+0.26%), Acciona (+0.53%), Redeia (+0.76%), and Enagás (+0.86%).
The rest of the major European stock markets have also recorded similar increases. London rose by 2.41%; Paris by 2.37%; Frankfurt by 2.85%; and Milan by 2.88%.
The Brent barrel traded at $64.42 at the close of the European session, down by 0.54%, while the West Texas Intermediate (WTI) reached $60.96, a decrease of 0.86%.
The yield on the Spanish 10-year bond in the secondary debt markets stood at 3.211%, compared to 3.298% at Friday’s close. Thus, the risk premium against German debt has fallen by almost three points, to 69.9 basis points.
At the close of the European session, the euro traded flat against the dollar, crossing at an exchange rate of 1.1353 dollars per euro.