On Monday, enthusiasm came to international financial markets following the announcement of an agreement between the Trump administration and the Republic of Iran to end the war in the Middle East’. The Spanish stock market opened as one of the main players of the day. Mountain Goat 35smashed all resistance levels, He broke the new all-time record by exceeding the 19,000 point limit,It reached 19,122 points. With this recent rise, the blue chip index is now accumulating. About the approx. %Increase by 10since the beginning of the year.
Agreement between the U.S. and IranThe Middle East will put an end to the military tensions that are keeping ’ tense and It threatened global macroeconomic stability.
Strait of Hormuz reopens to global trade
The economic cornerstone of the bilateral agreement Strait of HormuzImmediate reopening of ’. This sea channel is one of the most important logistical narrow spots in the world. The fifth one The oil consumed worldwidewith large quantities of consumption and industrial goods.
Closure of this shipping line since the beginning of the conflict Clogged global supply chains and caused crude oil prices to riseReaching unsustainable levels fuels a new fear the inflationary crisis.
The announcement that commercial maritime traffic would continue triggered an automatic drop in the price of Brent crude oil. Before the market opens %4Lowered more than ’After experiencing a sharp rise during months of conflict. However, it is still trading above its level before the conflict began.
Ibex 35 under the microscope: Who leads the gains?
Reduction of geopolitical tensions flares up again Investors' appetite for riskThe Spanish blue chip index benefits banks and large companies such as Inditex, in particular:
- Tourism and airline:IAG (Iberia and Vueling’in %Shares such as Meliá Hotels and Amadeus, whose parent company is up close to 5’e, are recording huge gains. The fall in fuel prices and the return of geopolitical stability raise expectations for the summer season.
- The banking system:Major Financial Institutions (BBVA %3.14 increase, Banco Santander %3.48 increase and CaixaBank %1.18 increase) acts as the engine of the index and takes advantage of broad-based optimism and declining recession fears.
- Industrial, consumer, telecommunication and energy groups:Low energy and logistics costs provide some breathing space to the margins of the companies most exposed to commodities. Inditex at the opening %2,07 by Iberdrola %0.30 and Telefónica %It's up 0.68.
Europe joins the rally on the stock market
The optimistic mood on the Madrid stock exchange is also reflected in other trading centers in the Old Continent of ’. Frankfurt’ta Dax, Paris’te CAC 40 and Euro Stoxx 50 open with strong winsIn the second half of the year, we rejoiced at the end of the risk that threatens to curb global economic growth.
