IBEX 35 was up 1.55% on Thursday, reaching 12,731 points, marking new highs since June 2008, driven by the special performance of the bank and Arceormittal.
In the Spanish commercial sector, marked by financial reports, logistics performed better than the same period last year.
Meanwhile, Arceormittal reported an attributable profit of 1,339 million (1,289 million euros) in 2024, a 45.7% increase from 2023, when it earned $919 million (884.6 million euros).
Outside the IBEX 35, the National Securities Market Commission (CNMV) temporarily suspended Talgo from the stock market after a meeting on Wednesday, where it was revealed that Sidelor, along with Vasco, BBK, and BBK, made a bid of 177 million crucial for entering the railway company.
Subsequently, the consortium led by Sidelor ruled out the possibility of launching a public tender offer (OPA), limiting the offers to the 29.8% controlled by Pegasus Trilant. Talgo’s shares, which initially rose over 2% upon the suspension being lifted, eventually closed down by 0.77%.
On the macroeconomic front, the public treasury placed 662.02 million euros in bonds and state obligations on Thursday, within the planned average range, by reducing the yield offered to investors.
Furthermore, on Thursday, the Bank of England lowered interest rates to 4.50% and reduced the growth forecast for 2025. The British Transmitters Institute anticipates a higher-than-expected inflation return due to energy and regulated prices.
The rise of the IBEX 35 was not the only one in Europe. London advanced by 1.21%; Paris by 1.47%; Frankfurt by 1.47%; and Milan by 1.48%.
Regarding the Spanish selective index, Arceormittal led with a 13.21% increase on Thursday. Banco Sabadell (+5.79%) followed, with BBVA (+5.49%), Banco Santander (+4.18%), Bankinter (+3.43%), IAG (+3.13%), Caixabank (+2.95%), and Acerinox (+2.93%).
On the other hand, Logista (-2.85%), Naturgy (-2.37%), Red Electrica (-1.74%), Endesa (-1.68%), Iberdrola (-1.64%), and Amadeus (-1.39%) were on the downside.
In the commodities market, oil saw a slight increase at the close of the European session. Brent reached $74.71, up by 0.15%, while West Texas Intermediate (WTI) also rose by 0.15% to $71.14.
In the debt market, the performance of the Spanish 10-year bond remained nearly stable at 2.989%, resulting in a risk premium of 61 basis points compared to German debt.
Regarding currencies, the euro depreciated by 0.32% against the dollar, trading at an exchange rate of $1.037 per unit of the common currency.
