On Monday, enthusiasm came to international financial markets following the announcement of a framework agreement between the Trump administration and the Islamic Republic of Iran to end the war in the Middle East’. The Spanish stock market opened as one of the main protagonists of the day. Mountain Goat 35broke all resistance levels to touch the highest level of all time, exceeding the limit of 19,000 points,It reached 19,122 points. With this move, the benchmark index went up About the approx. %Increase by 10since the beginning of the year.
Agreement between the U.S. and IranThe Middle East draws a line below 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 route is one of the most important logistical narrow points in the world and many bridges pass through it. The fifth one The oil consumed worldwidewith large quantities of consumption and industrial goods.
Closing this shipping route 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 shipping would continue triggered a sudden drop in the barrel 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.
X-ray of Ibex 35’in: Who leads the gains?
Decrease in geopolitical tensions, revived Investors' appetite for riskAccording to the Spanish reference, it benefits especially banks and large companies such as Inditex:
- Tourism and airline:IAG (Iberia and Vueling’in %Shares such as 5’e, its upcoming parent company), Meliá Hotels and Amadeus are making dizzying gains. The fall in fuel prices and the return of geopolitical stability raise expectations for the summer season.
- The banking sector:Major financial institutions (BBVA %3.14 increase, Banco Santander %3.48 increase and Caixabank %1.18 increase) acts as the engine of the index, supported by broad-based optimism and reduced risk of recession.
- Industrial, consumer, telecommunications and energy companies:Low energy and logistics costs provide some breathing space to the margins of the companies most exposed to commodities. Inditex at the opening of the session %2,07 by Iberdrola %0.30 and Telefónica %It's up 0.68.
Europe joins the market rally
The optimistic mood on the Madrid stock market is also reflected in the rest of the continent's trading centers. Frankfurt’ta Dax, Paris’te CAC 40 and Euro Stoxx 50 open with strong winsWe welcome the disappearance of a risk that threatens to abruptly curb global economic growth in the second half of the year.
