El Ibex mejora para salvar la semana

The Ibex market improved to secure a positive balance for the week, according to the latest data and analysis. The truce proposed by Iran and the downward shift in oil prices helped alleviate the downward pressure on the markets. After two days of declines, the Ibex aimed to close the week positively. Market attention was focused on the talks at the UN summit between the top officials of the United States and China.

Despite the expectations generated, investors did not receive concrete details on the approaches of Donald Trump and Xi Jinping regarding trade, geopolitics, or artificial intelligence. The market momentum from the meeting between Trump and Xi demonstrated in the Financial Times report. The scarcity of new developments from New York shifted focus to Iran.

Iran's regime proposed a temporary ceasefire to the United States. The news on Monday took a more ominous tone due to a new attack against Saudi Arabia. Oil prices, which had surged by 3% the previous day, prevented their further rise and fell back to $105. The transmission belt of oil to fixed income also slowed down, affecting interest rates on government debt, adding more pressure to the markets.

The yield required for a 10-year US bond dropped from its peak of 5.20% to below 5.00%. In Europe, the interest rate for the German bund remained close to 3.60%, while the 10-year Spanish bond yield was 4.105%. The temporary truce in debt and oil pressure provided a respite to Wall Street. The US variable income, which had been slowing down at the end of the previous session, opened the door to advances.

The Spanish stock market paused the predominant red numbers from the previous two days. The Ibex index closed at 19,573 points, very close to the 19,513 level it reached on the previous Friday, marking the positive balance for the week.