El Ibex enfría su ascenso

The Ibex experiences a pause in its upward trend as optimism gives way to caution. Oil prices rebound to surpass the 100-dollar mark, while technology stocks temper their bullish momentum. The Spanish stock index consolidates a 1% increase from yesterday. The countdown to the UN summit is in its final phase, and President Donald Trump's agenda keeps investors on edge due to potential geopolitical consequences, ranging from commercial to energy sectors.

Unlike yesterday, this phase of waiting includes lighter oil market stimulus. Brent crude stabilizes above the psychological barrier of 100 dollars. The previous session's drop below triple digits spurred broader gains in the market, especially in technology. The less encouraging signs from oil reinforce inflationary pressures. This results in a muted rebound in debt yields. The 10-year US bond return nears the 5% threshold. In Europe, German bond interest exceeds 3.45%, and the Spanish bond hovers around 3.95%.

The Spanish market has a subdued day with no major highlights. Focusing on oil and geopolitical developments, investors allow a 1.08% bullish trend from yesterday to persist. The Ibex aims to hold at least the 19,700 point level, anticipating the week's most crucial days. Energy-linked companies show some of the strongest performances in the Ibex.

Acciona and Naturgy are trading higher, while Repsol, the weakest stock from yesterday's session, improves with the oil price rise. Financial stocks dampen the Ibex's rally. Unicaja trades ex-dividend, and banks such as Santander, BBVA, and Bankinter struggle to avoid cuts in their valuations, similar to the Mapfre insurance company.