The Ibex 35 has broken a new record. The Spanish selective has risen 1.35%, thanks to and has left its new historical maximum at 18,197.9 points. Until now the highest figure was the 18,195 points with which it closed on February 9. This new record occurs on a day of broad increases in both European and United States indices.
The three most bullish values of the session were ArcelorMittal (+4.18%), ACS (+4.13%) and Indra (+3.59%). For yet another session, the good performance of the Stock Market coincides with broad increases in the banking sector. Santander has risen 2.94%, CaixaBank 2.73%, Unicaja 2.5%, Bankinter another 2.4%, BBVA 2.35% and Sabadell 1.73%. Among the most striking movements, after presenting results with a profit 11.9% higher than the previous fourth quarter, although its increase moderated to 2.5% at closing.
In the rest of Europe, the main indices registered similar increases, around one percentage point: the London FTSE rose 1.4%, the German Dax 0.99%, the French Cac 0.67% and the Italian Mib 1.29%. In the Old Continent, market attention has been on the departure of the ECB before its mandate ends in 2027, although analysts minimize an immediate impact on monetary policy.
Matthew Ryan, Head of Market Strategy at Ebury, assures that “we do not see relevant implications for 2026 and, in any case, any structural turn would not materialize before 2027. Mere speculation introduces an element of uncertainty and could add some volatility to the euro, but it does not alter the fundamentals.” The market’s attention is focused more on the continuity of consensus within the Governing Council than on the individual figure of the president.
On Wall Street, US markets are also registering a bullish session, with more positive sentiment towards the technology sector. The industrial Dow Jones advanced 0.58%, the S&P 500 0.8% and the Nasdaq 1.11%, with a more positive sentiment towards technology after several sessions and the billion-dollar investments that companies are announcing in this technology. Companies like Nvidia and Amazon advance about 2.5%.
However, despite this Wednesday’s truce, analysts call for caution. Mark Haefele of UBS Global Wealth Management warns: “Our view on artificial intelligence remains that investors will need to be agile, respond to rapid change and the increasing blurring between the enablement, intelligence and application layers within the AI value chain, and be closely alert to the creative destruction inherent in technological innovations.”
Furthermore, this afternoon, with the Spanish market already closed, the minutes of the last Fed meeting are published. Yesterday the president of the Chicago Federal Reserve, Austan Goolsbee, declared on Tuesday that there could be “several more cuts” this year, depending on inflation. In this environment, the price of the dollar recovers against the euro, at around 1.183 dollars for each euro.
The nomination of generates mixed expectations. Raphaël Thuin, Director of Capital Markets Strategies at Tikehau Capital, underlines: “Warsh combines an initially restrictive profile with a more accommodative stance. He considers that advances in productivity linked to AI and deregulation could favor structural disinflation, allowing rate cuts without putting pressure on inflation, although he will continue to focus on reducing the Fed’s balance sheet, currently at $6.6 trillion.”
In the raw materials market, it remains around $5,000 per ounce. Brent oil, the benchmark in Europe, rises 3% and exceeds $69 a barrel, after Iran touted progress in nuclear negotiations with the United States.
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