What does the Ibex 35 do?
The , which started the year 2025 positively and exceeding 11,600 points, turned downward shortly after and lost around 1% and 11,500 points, weighed down by the banks, with Santander and BBVA losing more than 4%. The doubts once again generated by the Chinese economy, which continues to show signs of weakness, serve as an excuse to give free rein to profit-taking. The Spanish selective closed 2024 with an increase of 14.78%.
What values rise or fall the most?
The most bullish are:
: 2%
: 1,9%
: 1,8%
The most bearish are:
: -4,5%
: -4,2%
: -3,7%
: -3,5%
What do the rest of the stock markets do?
The main European indices also turned negative after a few minutes of rising. The German Dax fell 0.33%, while the Cac fell more than 1% and the Mib lost 0.7%. The Ftse 100 in London registers slight increases. The banking sector, the most bullish in 2024, is the worst performing in Europe, with a decrease of 1.54%. In addition to the Spanish banks, the Irish and Italian banks also fell.
The Chinese stock markets have closed with notable falls, dragging down the majority of the Asian stock markets that opened this morning – the Japanese stock market will not open again until next Monday – after learning that the Caixin manufacturing PMI, although it has continued to indicate a slight monthly expansion rate of activity in the sector has been more moderate than that achieved in the month of November, with the reading also being below what analysts expected. China’s CSI 300 index closed down 2.9%, while the Shanghai Composite Index plunged 2.7%. Hong Kong’s benchmark Hang Seng index fell 2.2%.
Many traders expect the market to lack clear direction until the National People’s Congress in March, where the government’s growth target and stimulus measures will be announced.
Keys of the day
- The year 2024 was marked by global economic resilience, the beginning of the cycle of monetary flexibility by central banks in the face of controlled inflation and the victory of Donald Trump in the United States presidential elections.
- It has been known that the activity of the manufacturing sector in Spain once again gained momentum during the month of December, according to the PMI index, which rose to 53.3 points from 53.1 the previous month, thus approaching the maximum level of 32 months recorded in October and extending the expansion sequence to 11 consecutive months.
- For its part, the activity of factories in the euro zone deteriorated again in December, according to the PMI index, which stood at 45.1 points, compared to 45.2 the previous month, which represents the worst reading of the year. data in the last three months, with a strong divergence between countries, highlighting the improvements in Spain and Greece, in contrast to the worsening observed in Germany, France and Italy.
- The growth of activity in China’s manufacturing sector registered a reading of 50.5 points last December, compared to 51.5 the previous month, which represents the third consecutive month of expansion, according to the index of managers of purchasing (PMI) published by Caixin. In this way, the consulting firm’s data ended 2024 slightly above the official reading of the PMI index of 50.1 points, published this Tuesday by the China Bureau of Statistics.
What do the analysts say?
From Renta 4 they point out that the stock markets have performed well in 2024, supported by the cycle, business results (especially in the US) and rate cuts, and ignoring geopolitical risks (Ukraine, the Middle East…). However, the advances have been heterogeneous by geography, more intense in the US, with the S&P +24%, Nasdaq +30% and Russell +10%, and more moderate in Europe (Eurostoxx 8%), where the red lantern has were France (CAC -2.5%) and Germany (DAX +19%) and Spain (Ibex +14.5%) stood out positively.
Looking ahead to the 2025 stock market year, Link Securities highlights that “known factors, which have greatly influenced the performance of Western equity markets in 2024, such as the poor economic growth in Europe, the stagnation of private consumption in China, inflation and the monetary policies of the central banks, we must add what the policies that the new US Administration has promised to implement can once again contribute and impact at a global level. We are referring to the potential widespread implementation of tariffs on US imports, the massive deregulation and tax cuts for companies and individuals, all factors that may end up conditioning, for better or worse, the behavior of the stock markets. both sides of the Atlantic. They add that “we will also have to be very attentive to the development of everything related to Artificial Intelligence (AI), especially the ability of different companies to begin to make profitable the large investments they are making in it.”
What is the evolution of debt, currencies and raw materials?
It stands at $1.0368.
Oil, the benchmark in Europe, advances to $75 a barrel.
The yield on the 10-year Spanish bond remains at 3.061%.
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