The Ibex 35 advances 0.65% at midday and approaches 19,900 points, driven by the moderation of oil prices, which places Brent around 85 dollars. The Spanish index recovers ground after recent geopolitical tensions.
The Ibex 35 is trading with gains of 0.65% at midday and is once again nearing 19,900 points, according to market data. The Spanish index benefits from the moderation in oil prices, which alleviates inflationary pressure and reduces uncertainty regarding monetary policy.
The price of Brent crude, a benchmark for Europe, is around 85 dollars, below recent highs. This decline allows investors to regain their appetite for risk, and sectors such as transport, tourism, and industry breathe a sigh of relief.
The Spanish stock market is thus approaching its historical highs, with the psychological barrier of 20,000 points back on the horizon. The evolution of oil prices and the earnings season will dictate the pace in the coming sessions.
Analysts note that the recovery of 19,900 points reinforces the bullish structure of the index. However, they warn that the proximity to highs could provoke episodes of profit-taking in the short term.
The earnings season continues to be a key factor. Spanish companies are presenting their accounts for the second quarter, and investors are paying special attention to forecasts for the second half of the year. In an environment of high interest rates and geopolitical tensions, the market rewards the ability to maintain margins and generate cash.
The conflict in the Middle East remains a source of uncertainty, but the moderation in crude oil has reduced volatility. The Spanish market maintains its relative strength and is just a short distance from a historical benchmark.
For investors, the key is whether the Ibex 35 can consolidate the break of 19,900 points and target 20,000. The evolution of oil prices, geopolitical news, and the tone of central banks will be the main references in the coming days.
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