The Ibex 35 opened the trading session this Tuesday with a gain of 1.38%, which allowed it to move back above the 20,000-point level, a level that the benchmark had not touched since last September 7.
At the start of the session, the Madrid trading floor stood at 20,015.9 points, in a setting still conditioned by the international situation, marked by the war in Iran, the diplomatic efforts to try to bring it to an end, and doubts about the evolution of oil supply.
In this context, Brent—the reference for Europe—fell 1.5% at the opening of trading on the Old Continent, to $91.11 (81 euros), while the West Texas Intermediate (WTI)—the reference in the United States—cut its price by 2%, to $85.1 (75.7 euros).
The current level of Brent is the lowest since the end of August and comes after US President Donald Trump has assured that there are “advances” toward achieving the end of the war launched against Iran.
Although Trump has defended maintaining the naval blockade over Iran in the Strait of Hormuz, the US president believes the conflict will end “quite soon.” “Military action doesn’t seem like something very necessary, but we have it loaded and prepared, ready to use it if there’s a reason. There’s progress toward the end of this conflict. I think it’s going to end pretty soon,” he said in remarks from the White House.
In the corporate sphere, before the bell rang, Fluidra said that it will pay the second part of its 0.65 euro dividend out of the results for 2025 on December 10.
In the first moments of trading on the Plaza de la Lealtad, Repsol was the only Ibex 35 stock in negative territory, down 1.3%. On the other side, the shares of BBVA, Caixabank, and IAG led the gains for the benchmark, all of them up 2.23%.
At the same time, the main European stock exchanges were also moving higher: the Paris and Frankfurt indexes added 1.3%, while the London trading floor advanced 0.7%.
In the currency market, the euro gained ground against the dollar, reaching an exchange rate of 1.1241 “green bills,” and in the secondary debt market, the yield on the ten-year Spanish bond remained slightly below 4%, after falling 0.8%.