The Ibex 35 has been experiencing a heart attack for several weeks. The benchmark index of the Spanish stock exchange closes above 17,000 points for the first time in its history, a level it touched last Friday intraday, although it failed to consolidate due to bearish pressure from Wall Street. The dynamics of the banking sector and tourism stocks like IAG were decisive in a day that ended with an increase of 1.1%, the highest among the stock exchanges of the Old Continent, behind the Italian FTSE MIB, which recorded an increase of 1.4%.
The upward dynamic continues in the big week of the European Central Bank (ECB), which is expected to maintain its interest rates at 2% during its meeting next Thursday. The results for all European markets are positive, with an increase of 1% in the FTSE 100, followed by the French CAC 40 (+0.7%) and the German Dax lagging behind with a timid increase of 0.18%.
In this context, banks played a key role. Bankinter dominated the session after climbing more than 3%, exceeding the level of 14 euros. With IAG (+2.85%) and Acciona Energía (+2.58%), they complete the short list of the three stocks which appreciated the most during the day. They are followed by Banco Santander, which rebounded by more than 2.5%, Sacyr and ACS, which increased by 2.29% and 2.24% respectively, while Banco Sabadell, CaixaBank and Unicaja ended the session with a rebound of more than 2%.
Ferrovial, for its part, which formalized this Monday its integration into the Nasdaq 100 technology index, which was precisely one of the objectives that motivated the transfer of its headquarters to the Netherlands, added to the rebounds with 2.2%. This jump exposes you to one of the largest showcases in the world for investment funds, surpassed only in the United States by the S&P 500, composed entirely of local securities.
The peace negotiations in Ukraine are giving green to the stock markets, even if they penalize the defense sector. Unlike New York parquet which succumbs to red. At the close on the Old Continent, the Nasdaq lost 0.3%, the S&P500 contracted 0.17% and the Dow Jones corrected 0.11% compared to its all-time high of 48,400 points. The collection of profits continues before the results of Oracle and Broadcom which have not convinced the market.
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