The Ibex fell 0.5% at closing, but remains above 12,000 points amid geopolitical tensions

MADRID Dec. 9 () –

The Ibex 35 fell 0.5% in this Monday’s session, although it managed to reach 12,000 points, in a day marked by geopolitical tensions, especially the fall of the Bashar Al Assad regime in Syria, which adds a new focus of uncertainty in the Middle East.

Renta 4 analysts point out that, without losing sight of what is happening in South Korea and France, in the coming days some of the consequences that the “power vacuum” that is now opening up in the region will become known in the region. Syria, whose government is now in the hands of rebels led by Hayat Tahrir al-Sham (a splinter of al-Quaeda). “The context continues to be favorable for investment in gold and the dollar,” they add.

Beyond the international conflicts, the day has not had any major references and has served for the markets to prepare for the last monetary policy meeting of 2024 of the European Central Bank (ECB), which is held this Thursday. Next week it will be the turn of the US Federal Reserve (Fed).

In the ‘macro’ area, this Monday it was learned that China’s inflation registered an interannual increase of 0.2% last November, one tenth less than the previous month and the weakest price increase in five months .

The markets are waiting, however, for the German inflation data, which will be published tomorrow, and especially for the US, which will be released on Wednesday.

At the close of the session, the Ibex 35 stood at 12,011.5 integers, with a large part of its values ​​in ‘red’. The falls of Colonial (-3.20%), Merlin (-2.38%), Aena (-1.37%), Iberdrola (-1.26%), ACS (-1.17%) and Cellnex stand out (-1.06%). On the other hand, the biggest increases have been those of Acerinox (+2.51%), Puig (+2.42%), Grifols (+2.02%), ArcelorMittal (+1.91%), Unicaja ( +1.07%) and Sabadell (+0.71%).

The price of the European stock markets has, however, been mixed: London has risen by 0.52% at the close, while Paris has appreciated by 0.72%. On the other hand, Milan has lost 0.55% and Frankfurt, 0.19%.

A barrel of Brent stood at $72.48, up 1.90%, while West Texas Intermediate (WTI) reached $68.69, up 2.22%.

In the debt market, the yield on the 10-year Spanish bond stood at 2.757%, from 2.760% at the close of Friday. In this way, the risk premium stood at 64.2 basis points from 65.2 on Friday.

In the foreign exchange market, the euro appreciated 0.03% against the dollar in the mid-session, until trading at 1.0571 ‘greenbacks’ for each euro.