The Ibex 35 has closed the first stock market session of the week with a 1.09% increase, reaching 13,147.2 points, with investors’ attention already focused on the monetary policy meeting that the Federal Reserve of the United States (Fed) will hold this week.
The session has shown a clear bullish trend, after opening flat and trading at a 0.5% increase during the mid-session.
In terms of geopolitics, uncertainty extends to Ukraine, following the discussions that the presidents of the United States and Russia, Donald Trump and Vladimir Putin, will have to try to unlock a two-day ceasefire.
However, the most anticipated meeting will be the one held by the Federal Reserve (Fed) of the United States. According to analysts at Renta 4, the market believes that the central bank will maintain its pause on rate cuts, and official rates will remain between 4.25% and 4.5%.
This week will also see meetings at the Bank of Japan (BoJ) and the Bank of England (BoE). In both cases, Renta 4 does not foresee any changes, with rates expected to remain at 0.5% and 4.5% respectively.
On the macroeconomic front, the Organization for Economic Cooperation and Development (OECD) has published its new economic growth outlook on Monday. In the case of Spain, it has revised upwards its gross domestic product (GDP) expansion forecast for 2025 to 2.6% from 2.3%, and to 2.1% from 2% for 2026, amidst a general reduction in outlooks due to the potential negative impact of trade and geopolitical uncertainty.
It has also been reported that prices in the services sector increased by 2.7% in the fourth quarter compared to the same period last year, a rate two tenths higher than in the third quarter, according to the Services Price Index published on Monday by the National Institute of Statistics (INE).
In this context, Solaria has been the top gainer (+2.99%), followed by Repsol (+2.86%), Amadeus (+2.47%), Acciona (+2.33%), IAG (+2.32%), Banco Santander (+1.82%), and Cellnex (+1.77%).
On the other hand, only five values ended the day with declines: Fluidra (-1.37%), ACS (-1.19%), ArcelorMittal (-0.74%), Bankinter (-0.29%), and Indra (-0.08%).
Stock markets in Europe saw widespread gains on Monday. London rose by 0.56%; Paris by 0.57%; Frankfurt by 0.73%; and Milan by 1.09%.
In the bond market, the yield on the Spanish 10-year bond was at 3.432%, down from 3.501% at Friday’s close. This led to the risk premium reaching 61.8 basis points.
In the currency market, the euro was trading at 1.0924 dollars per euro at the end of the stock market session, representing a 0.42% appreciation.
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