The Ibex 35 closed this Monday’s session with a gain of 1.99% in a day in which banks and energy stocks pulled strongly on the Spanish benchmark. The index, which had started trading practically unchanged, finished the day at 19,754 points.
On the geopolitical front, the President of the United States, Donald Trump, has admitted in an interview granted to the US network “CBS” that social discontent with the military intervention in Iran, the increase in the price of fuel, and microeconomic problems were behind the defeat of the Republican Party in the midterm legislative elections “midterms”.
At the same time, the Chinese Government will extend for two additional months the suspension of the extra 24% tariff rate applied to imports of products from the United States, although it will keep active the 10% levy on North American goods.
It has also become known that the Armed Forces of Ukraine attacked early this Monday morning the oil refinery in the city of Kirishi, the second largest in Russia, located in the San Petersberg region, where a fire was declared shortly after the impact.
On the other hand, investors continue to closely follow the meeting of the eurozone ministers of Economy and Finance (Eurogroup), who will analyze this Monday in Brussels the candidacies of the Spaniard Pablo Hernández de Cos and the Dutchman Klaas Knot to replace Christine Lagarde at the helm of the European Central Bank (ECB).
In the corporate chapter, the market will also have to absorb the implications of the internal investigation facing the president and CEO of Nvidia, Jensen Huang, after it emerged that he maintained an extramarital relationship with a directive accused of spying in favor of Beijing.
In this context, the bullishest stocks of the session were Solaria (4.37%), Indra (4.16%), ArcelorMittal (4.02%), Sacyr (3.95%), Santander (3.5%), IAG (3.37%), and Caixabank (3.06%). On the downside, only Repsol was located, which fell 1.81%, while the most moderate gains were recorded at Telefónica (0.77%), Inditex (0.98%), Laboratorios Rovi (0.95%), and Amadeus (0.13%), as Endesa repeated its price (0%).
As for the rest of the European venues, Milan added 1.94%; Frankfurt advanced 1.72%; Paris, 1.16%; and London, 1.06%.
In the commodities market, the Brent barrel fell 4.41%, to $93.98, while the West Texas Intermediate (WTI) stood at $87.66, down 3.47%.
Within fixed income, the yield on the Spanish 10-year sovereign bond has remained practically stable at 3.825%, down 0.1%. In turn, the euro gained 0.58% against the dollar, to an exchange rate of 1.1204 dollars per euro.