The Ibex 35 closed Tuesday's session with a rise of 0.11%, reaching 19,356.6 points, driven by the fall in inflation in the United States in June, which moderated more than expected to 3.5%.
The Ibex 35 managed to close in positive territory on Tuesday, with an advance of 0.11% that brought it to 19,356.6 points. The main reason was the publication of inflation data in the United States for June, which showed a greater decline than anticipated by analysts.
US headline inflation fell by seven tenths, to 3.5%, while core inflation stood at 2.6%, down from the previous 2.9%. According to experts, these figures reduce pressure on the Federal Reserve and diminish the possibility of an interest rate hike in July.
Oil and geopolitical tensions shape the session
The day began with losses for the Spanish stock market, which fell by up to 1% in the early stages, weighed down by rising oil prices. The Brent barrel, a European benchmark, ultimately rose by 1.01%, to $84.04, while West Texas Intermediate increased by 0.97%, to $78.9.
Tensions between the United States and Iran, with new attacks and the blockade of navigation in Hormuz by the Trump administration, drove crude prices up at the start of the session. However, the trend changed dramatically after the inflation data was released.
XTB analyst Manuel Pinto noted that the moderation of prices "significantly reduces pressure on the Federal Reserve and rules out an interest rate hike in July." This factor was enough to reverse the course of the Ibex 35.
Notable stocks: Indra leads the gains, Inditex drags the index
Within the Ibex 35, the biggest gains were for Indra, which surged by 3.71% following a positive recommendation from an investment firm. It was followed by ArcelorMittal (+1.28%), Solaria and Naturgy (+1.26% each). Among the large stocks, Repsol rose by 1.25%, BBVA by 0.8%, and Iberdrola by 0.47%.
On the negative side, Inditex was the stock that fell the most, with a decline of 1.97%. Other stocks that closed lower included Fluidra (-1.53%), Rovi (-1.29%), Puig (-0.83%), and Acciona Renovables (-0.82%). Banco Santander and Telefónica dropped by 0.22% and 0.03%, respectively.
In the continuous market, Pescanova stood out with a rise of 7.79%, while OHLA plummeted by 9.5% after a capital sale below market price.
The yield on long-term Spanish debt remained stable at 3.567%, with the risk premium at 45.6 basis points. Gold rose by 1.52%, to $4,063 per ounce, and Bitcoin increased by 4.14%, to $64,723.
For investors, the day confirms that inflation data remains the key thermometer for markets. The moderation of prices in the US provides a breather for stock markets, although geopolitical tensions and oil prices continue to be factors of uncertainty. The Ibex 35 has accumulated a rise of 11.84% so far this year.
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