The Spanish stock index Ibex 35 manages to consolidate the 1.08% growth from the previous day, although it faces a cautious outlook due to the situation with oil and geopolitical tensions. Energy companies stand out in this context.
The Ibex 35 remains stable after the 1.08% rise recorded the previous day, according to expansion.com. However, yesterday's optimism has been tempered by increasing caution in the markets, particularly due to the situation with oil, which is solidifying above 100 dollars a barrel.
Investors are closely watching the UN summit and the scheduled meetings with Donald Trump, as they could have significant repercussions in the commercial and energy sectors. In this context, inflationary tensions have resurfaced, impacting debt interests; the yield on the ten-year U.S. bond is approaching 5%.
In the Spanish market, energy sector companies such as Acciona and Naturgy have shown positive performance, while Repsol has experienced a slight recovery after being one of the worst-performing stocks in previous sessions. However, banks like Santander, BBVA, and Bankinter face cuts in their share prices.
The European equities market also reflects moderation, with the pan-European Stoxx 600 index testing the 640 points level. The meeting between Trump and Xi Jinping raises expectations in the technology sector, highlighting Prosus for its exposure in China.
In the currency realm, the euro remains at 1.14 dollars, while bitcoin reaches 85,000 dollars, approaching highs since January. These movements reflect a market adjusting as key information is expected in the coming days.
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