The Ibex 35, the main Spanish stock index, broke its previous all-time high of 2007 this Monday, surpassing 16,000 points at the close of the session, thanks to the progress in trade negotiations between the United States and China and the records on Wall Street, boosted by the strong increases in Indra and a good part of the Spanish banks.
The selective, which was created in the 90s, has achieved a new historical record by ending the session at 16,000.2 points, 0.87% above last Friday, surpassing the previous record at a closing recorded on November 8, 2007, when it reached 15,945.7 points.
In any case, the Ibex 35 has not yet exceeded the 16,040.4 points that it reached during the session of November 9, 2007. So far in 2025, the main indicator of the Spanish market accumulates a revaluation of 38%. It is the most bullish market in the western geography, followed at a distance by Milan and Frankfurt, with advances of 25.6% and 22%, respectively. It also leads Wall Street, whose technological Nasdaq index rises 22.1% in the year, while the S&P 500 advances 16.6% and the Dow Jones 11.5%, reports Europa Press.
The selective has shattered this record after, at the international level, the Secretary of the Treasury of the United States, Scott Bessent, assured that the negotiations with China have made it possible to close a “framework agreement” to avoid the imposition of additional 100% tariffs on Chinese products. This principle of agreement must now be ratified next Thursday, when Donald Trump and Xi Jinping are scheduled to meet directly.
This weekend also saw a thaw in relations between the United States and Brazil since, after raising tariffs to 50% in August, it was announced yesterday that they will work immediately to reach agreements that reduce these rates.
Likewise, the governments of the United States and Thailand, Cambodia and Malaysia have signed a series of bilateral agreements that include tariff trade pacts that provide for 19% tariffs for products from these Asian countries and almost total exemption for American export products.
“We have already entered the negotiation phase that will give way to the arrival of partial agreements that avoid the worst scenarios,” Banca March experts have stated in this regard.
Banca March analysts have recalled that, beyond the trade negotiations, the week will be marked by the meeting of the Federal Reserve (Fed) on Wednesday, where they expect the US monetary authority to continue its cycle of lowering the price of money in a progressive and gradual manner.
The European Central Bank (ECB) will also meet: “With weak growth and inflation already approaching the 2% target, the European monetary authority will maintain the official rates unchanged at 2% at its meeting on Thursday,” Banca March has indicated.
Within the ‘macro’ agenda this Monday, it has been known that the confidence of German businessmen has improved in October thanks to the sharp increase in future expectations, which reach their best reading since February 2022, when the Russian invasion of Ukraine began, although the evaluation of the current situation worsens for the second consecutive month, as reflected by the index prepared by the Munich Institute for Economic Research (Ifo).
At a corporate level, this will be the ‘big week’ in terms of the publication of business results, both in Spain and in Europe and the United States, the latter country in which the accounts of the large technology companies will be known.
In the session this Monday, Indra has led the selective, rising 7.52%, ahead of Grifols (+2.08%), Mapfre (+1.86%), BBVA (+1.78%), Banco Santander (+1.67%), Banco Sabadell (+1.26%) and Ferrovial (+1.24%).
Among the values that have fallen the most are Cellnex (-1.39%), Fluidra (-0.93%), Acciona Energía (-0.82%), Rovi (-0.70%) and Acciona (-0.68%).
Among the rest of the European stock markets, London has risen 0.04%; Paris, 0.21%; Frankfurt, 0.28%; and Milan, 0.87%.
At the close of the European session, a barrel of Brent stood at 65.92 euros, 0.03% less, while West Texas Intermediate (WTI) reached 61.6 dollars, 0.18% more.
In the fixed income market, the yield on the Spanish 10-year bond has fallen to 3.142%, from 3.160% recorded at the close of Friday. In this way, the risk premium against German debt has fallen to 52.3 basis points.
Regarding currencies, the euro appreciated 0.10% against the dollar, reaching an exchange rate of 1.1638 dollars for each euro.
Source: www.eldiario.es
