IBEX 35 closed the session with a 0.20% decline, reaching 13,323.3 whole numbers and with most of its values in the «red», on a day where the preliminary PMI data for March were the main reference point and where the momentum from Wall Street did not help achieve positive rates in the «old continent».
Specifically, at the close of the European market, US indicators rose by more than 1%: Dow Jones increased by 1.17%; S&P500 by 1.58%, and Nasdaq surged by over 2%.
On the other hand, in Europe, the selective index closed with slight decreases: Paris decreased by 0.26%; Frankfurt by 0.17%; Milan by 0.16%; and London by 0.10%.
Internationally, volatility in Turkey continues after the imprisonment of the Mayor of Istanbul and the candidate of the Republican People’s Party (CHP) in the 2028 presidential elections, Ekrem Imamoglu. On Monday, the Turkish Capital Markets Board decided to ban short selling operations in the stock markets to ensure stability.
Additionally, rental analysts highlight an «expectation» that US President Donald Trump will not be «as aggressive» as initially planned.
The PMI shows that the private sector activity in the Eurozone increased in March for the third consecutive month. In the United States, this index found that economic activity in the world’s leading power regained momentum in March, thanks to a recovery in the services sector that offset the decline in manufacturing.
In the business realm, outside of the IBEX 35, technical companies came together, and Egyptian company Oascom Construction signed a contract worth over $2.6 billion (2,398 million euros) for the development of a combined gas center in Saudi Arabia.
In this context, the biggest gains were seen in Fluidra (+1.71%), Unicaja (+1.64%), Indra (+1.37%), IAG (+1.29%), Arcelormittal (+1.27%), and Santander (+0.96%). On the other hand, the most significant declines were in Solaria (-3.40%), Energy (-2.67%), Acciona (-2.64%), Telefonica (-1.94%), Colonial (-1.73%), and Iberdrola and Amadeus (-1.21% each).
The Brent Barrel price was $72.88, up by 1.00%, while West Texas Intermediate (WTI) advanced by 1.07% to $69.00.
In the debt market, the yield on the Spanish 10-year bond was 3.399%, compared to 3.407% at Friday’s close, leading to a decrease in the risk premium to 61.5 basis points.
In the foreign exchange market, the euro depreciated by 0.26% against the dollar, resulting in an exchange rate of $1.0791 for each euro.
