The Ibex 35 has opened the session with significant gains, driven by the peace agreement between the United States and Iran. Tourism and airline stocks are leading the buying.
The Ibex 35 has started the day with a clearly optimistic tone after the United States and Iran reached a peace agreement that reduces geopolitical tension in the Middle East. The Spanish index is trading with gains exceeding 1%, recovering some of the ground lost in recent weeks.
The big question now is not only whether the Spanish index can continue to rise, but which stocks will lead the movement in a market that has been very sensitive to geopolitical risk for weeks. The initial reaction invites relief, but also caution.
Ibex 35 Stocks Most Benefited by the Peace Agreement
Among the key players of the session are companies linked to tourism and transport. IAG, Amadeus, and eDreams have been at the centre of buying because they are among the first to benefit when the market stops fearing a military escalation and regains confidence in international mobility.
Airlines are usually among the most sensitive to any changes in fuel prices, flight routes, and perceptions of safety. If the agreement reduces the risk of disruptions, the market immediately discounts an improvement in margins and demand.
In parallel, companies like Amadeus or eDreams benefit from an environment where bookings and planning are picking up pace again. For the Ibex 35, this type of news reinforces the idea that the Spanish stock market still has clear levers for revaluation when part of the geopolitical noise disappears.
Why the Ibex 35 Reacts Cautiously Despite the Agreement
The key lies precisely there: confidence. The market does not always take peace headlines at face value and usually demands several sessions of confirmation before changing bias. Therefore, although the Ibex 35 responds with gains, it would not be surprising to see profit-taking if doubts about the stability of the agreement arise.
Investors often wonder whether the reaction is structural or merely tactical. If the movement is limited to a technical rebound, it may soon exhaust itself; if, on the other hand, the geopolitical relief persists, the Ibex 35 would have room to consolidate levels and attract more flows towards cyclical and financial stocks.
The new geopolitical scenario has served to reduce the risk premium that weighed on the stock markets in recent weeks. For the Ibex 35, this represents a double opportunity: on one hand, it improves risk appetite; on the other, it eases pressures on energy costs, a key factor for many Spanish listed companies.
Signals the Market Will Monitor in the Coming Sessions
Investors will closely follow the real evolution of the agreement between the United States and Iran in the coming days. Any sign of non-compliance or new tension could quickly reverse the optimism. The behaviour of oil and gas will also be in focus, as a sustained drop in crude prices would benefit sectors such as transport and industry.
The market will also look at the macroeconomic data to be published this week, especially employment and activity figures in the United States and the eurozone. If the indicators confirm a positive trend, the Ibex 35 could consolidate gains and attract more institutional investors.
For individual investors, analysts recommend staying calm and not getting carried away by initial euphoria. The agreement is good news, but volatility remains high. It is wise to review portfolios with exposure to cyclical and energy sectors and wait for the market to confirm the trend.
This Thursday's session will be key to see if the Ibex 35 manages to close above 11,000 points, a level not reached since before the outbreak of tensions in the Middle East. If it succeeds, it would open the door to a broader bullish movement in the coming weeks.
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