IBEX 35 closed the session at 13,769.1 points on Tuesday, representing an increase of 0.83% compared to the previous day, which determined the selective nature of Spanish stock and market to mark a peak in 2008.
Investors continue to assimilate the announcement of the trade agreement between the United States and China, which is expected to be fulfilled by the northern American country in April.
Specifically, both countries announced a substantial reduction in the mutually applied rates for an initial period of 90 days after talks held in Switzerland to resolve their trade differences.
In Spanish affairs, still marked by the results season, Grifols published on Monday, after the market closed, its accounts for the first quarter of this year, where it earned 60 million euros, nearly triple (+179%) compared to a year earlier, exceeding expectations.
On the other hand, Ercros reported losses of 12.2 million euros in the first quarter of this year, compared to profits of 3.1 million euros recorded in the same period in 2024, as reported by the company on Tuesday. The Portuguese Bondalti Iberian and the Italian Esseco launched a Public Purchase Offer (OPA) for shares, which is ongoing.
At the same time, ACS reported a net profit attributed to 191 million euros in the first three months of 2025, representing an 8% increase compared to the same period of the previous year.
In macroeconomic terms, the Spanish Treasury placed 2,739.05 million euros in a vertical auction, within the scheduled average range. It reduced the yield offered to investors for three months starting from December 2022, but increased the interest for nine months.
On the other hand, the Leibniz Institute for Economic Research in Europe (Zew) reported that the confidence of German investors has significantly improved with the new government in the country led by Friedrich Merz. There are expectations for a resolution in trade tensions with the United States, while inflation in the euro area seems to be under control.
Following the international Consumer Price Index (CPI) in April, it stood at 2.3% month-on-month, indicating a slowdown from March.
At the close of the session, Grifols was the top gainer (+6.46%), followed by Enagás (+5.43%), Fluidra (+3.8%), IAG (+3.38%), Unicaja (+3.06%), and Solaria (+2.47%).
Among the few companies that ended the session in the negative, Rovi (-1.02%), MAPFRE (-0.73%), Endesa (-0.51%), Enagás (-0.50%), and Caixabank (-0.27%) stood out.
In this context, IBEX 35 outperformed the other major stock market indices. London decreased by 0.02%, while Paris increased by 0.30%; Frankfurt by 0.31%; and Milan by 0.39%.
The Brent barrel closed the European session at $66.36, up by 2.16%, while West Texas Intermediate (WTI) reached $63.45, up by 2.42%.
In the debt market, the yield of the Spanish 10-year bond rose to 3.299%, leading to a risk premium compared to the German debt of 61.9 basis points.
In the currency market, the euro showed a 0.80% increase against the dollar at the end of the European market session, resulting in an exchange rate of 1.1176 «greenbacks» for each euro.
