The Ibex 35 has concluded this Monday's trading session with a decrease of 0.66%, settling at 18,223.10 points, in a scenario dominated by increased tension in the Middle East between Iran and Israel.
In this geopolitical context, the price of Brent crude, the European benchmark, moderated its rise to 1.83% at the close of the continent's stock exchanges, standing at $94.79. For its part, West Texas Intermediate (WTI), the US benchmark, was trading around $91.60 after increasing by 1.12%.
In this regard, the head of economic research and Next Generation at Julius Baer, Norbert Rücker, points out that "so far there has been no large-scale escalation, and looking ahead, these probabilities gradually decrease over time." "Trade through the Strait of Hormuz should continue to expand gradually as pragmatism and opportunism prevail," he adds.
The Iranian Armed Forces announced on Monday the end of their attacks against Israel, following the launch of missiles in response to the bombing carried out on Sunday by the Israeli Army against the capital of Lebanon, Beirut, although they have promised "much harsher and more crushing measures" if Israel "continues its aggressions," also on Lebanese territory.
Shortly after, it became known that Iranian authorities were canceling all scheduled flights at Iranian airports and would keep their airspace closed in the west of the country following the recent military escalation with Israel, a measure that will remain in effect until further notice.
The President of the United States (US), Donald Trump, had urged Iran to stop its missile offensive against Israeli territory and to return to the negotiating table to reach an agreement. "What I would suggest to Iran is: you have launched your missiles. Enough. Go back to the table and make a deal," the US leader stated early this morning.
On the other hand, Trump assured that he would call the Israeli Prime Minister, Benjamin Netanyahu, to ask him not to retaliate against the attack launched from Iran against Israeli territory, thus facilitating a negotiated solution to the conflict.
This morning, the Israeli Army had bombed a petrochemical complex in the Iranian province of Khuzestan, in the west of the Asian country, a fact confirmed by local authorities, who highlighted that the incident resulted in no casualties.
Macroeconomic Data and Business References
In the 'macro' sphere, the National Statistics Institute (INE) has published that the price of free housing rose by 12.9% in the first quarter of the year compared to the same period in 2025, maintaining the same year-on-year growth recorded in the last quarter of last year, according to the Housing Price Index (IPV).
In the business sector, Técnicas Reunidas has announced that it has successfully produced its first kilograms of Neodymium/Praseodymium oxide (Nd/Pr) with commercial purity and specifications, representing a "significant technological advance" in the strategic rare earth market.
Performance of Stocks and Other Exchanges
Within the selective index, only seven stocks managed to close the session in positive territory: Indra (+2.63%), Puig (+1.56%), Colonial (+0.54%), Acerinox (+0.37%), Logista (+0.36%), and Telefónica (+0.08%). On the other hand, Solaria led the declines (-3.45%), ahead of Amadeus (-2.12%), Ferrovial (-1.85%), IAG (-1.70%), and Sacyr (-1.53%).
In the rest of Europe, the main stock markets closed with mixed performance: the British FTSE 100 advanced 0.05%, the French Cac 40 fell 0.23%, the German Dax dropped 0.58%, the Italian FTSE MIB rose 0.63%, and the Euro Stoxx 50 ended practically unchanged.
On the other side of the Atlantic, Wall Street resumed its gains this Monday after the sharp correction last Friday driven by declines in the technology sector. At the European close, the Dow Jones was up 0.21%, the S&P 500 was up 0.87%, and the Nasdaq, an index focused on technology stocks, added 1.60%. On Friday, the Nasdaq plummeted 4.18%, the S&P 500 retreated 2.64%, and the Dow Jones lost 1.35%.
Fixed Income, Currencies, and Safe-Haven Assets
In the debt market, the yield on the Spanish 10-year bond stood at 3.497%, which raised the risk premium —the spread against the German 'bund' of the same maturity— to 44.31 basis points.
Regarding currencies, the euro appreciated 0.15 against the dollar, trading at an exchange rate of 1.539 'greenbacks' in the markets.
As for assets considered 'safe-haven', the price of an ounce of gold fell 0.24%, to $4,354.97, while bitcoin, the main cryptocurrency, recovered some of the ground lost in previous sessions by rebounding 3.03%, to $63,959.