Bullish threats are making their way again to the Spanish stock market. After exceeding last Friday, for the first time in its history, 17,000 intraday points – a level that it did not reach at closing due to the bank’s negative turn -, this Monday the IBEX 35 looks again towards that level and at this morning’s opening it marks that level again.
So, In the first stages of this Monday, which marks the halfway point of December, the selective index marks increases of 0.89% at 17,005.20 points. Los The most bullish values of the morning are Banco Santander (1.73%), Ferrovial (1.24%) and Caixabank (1.10%). On the subtraction side, only five values, being the Larger falls for Grifols (-0.60%), Indra (-0.54%) and Aena (-0.47%).
From the business side, Ferrovial’s great milestone should be highlighted: it has become the first company of Spanish origin to be part of the Nasdaq 100the stock index that groups the hundred largest non-financial companies in the US technology market. The decision was communicated last Friday by Nasdaq and will become effective as of December 22, after the annual index review process. The inclusion represents a strategic milestone for the infrastructure group chaired by Rafael del Pino, which began trading on the Nasdaq two years ago.
Besides, Ferrovial has announced the launch of a new program to buy back its own shares for a maximum amount of 800 million euros. The company has also announced that it is ending the ongoing buyback program announced to the market that began on June 2, 2025. Likewise, after the authorization granted by the General Shareholders’ Meeting of the Company held on April 24, it has decided to launch a new program to buy back its own shares.
The oil company Repsol has completed the 300 million euro buyback program ahead of schedule and is going to redeem nearly 23 million of its own shares. «Clear message to the market: management prioritizes shareholder remuneration and trusts in its own valuation. In the short term it is a support for the price through lower paper and higher EPS,» says Sergio Avila, analyst at IG Spain. «In the future, the impact will depend on two things: crude oil prices/refining margins and capex discipline. If the energy cycle holds up and they continue to combine attractive dividends with recurring buybacks, the value can continue to be an interesting “total return” story compared to other European oil companies,» he adds.
Acciona sells Orion a large residential development in the Olivais area (Lisbon), a project that was structured around a total investment of close to 200 million euros. It is a typical “capital recycling” movement: crystallizing capital gains in a long-term project and freeing up resources for energy and infrastructure, which today are the heart of the equity story.
On the other hand, Acciona Energías Renovables has reached an agreement with Mexico Infrastructure Partners (MIP) for the sale of a 49% stake in its 1.3GW photovoltaic portfolio in the United States, and all of two wind farms in Mexico totaling 321MW, for an approximate value of US$1,000 million (€855 million, equity value). The photovoltaic portfolio in the United States includes four solar plants: Red Tailed Hawk (458MWp) and Fort Bend Solar (316MWp) in Texas; High Point Solar Farm (127MWp) in Illinois; and Union Solar (415MWp) in Ohio.
New highs for gold
In Europe, the main European stock exchanges They open this Monday’s session with the Dax German rising 0.42% at 24,313 points, the CAC 40 French scores 0.28% on the 8,090 points, the FTSE 100 of London rises 0.48% at 9,695 points, while the EURO STOXX 50 adds 0.42% to 5,744 points.
The main Asian indices They are trading this Monday with falls. He Nikkei fell 1.2%, to 50,210 points, the Shaghai index fell 0.5% to 3,868 points, the China A50 loses 0.4%, the Hang Seng loses 1.3%, over 25,618 points and the Kospi Seoul fell 1.8%, to 4,090 points.
After a downward close in the main Wall Street indices – the Dow Jones closed with falls of 0.5%, to 48,458 points, the S&P 500 fell 1.07% to 6,827 points and the NASDAQ 100 fell 1.6%, to 23,195 points – today the Future Americans wake up with timid increases: The Dow Jones future gained 0.2%, to 48,584 points, the S&P 500 future added 0.2% to 6,847 points and the technology future advanced 0.2%, to 25,262 points.
Los oil prices rise this Monday as supply disruptions related to rising tensions between the United States and Venezuela outweighed concerns about oversupply and the impact of a potential Russia-Ukraine peace deal. The Brent oil future rises 0.4%, above $61.41, while West Texas rises just over half a percentage point, above $57.53.
Also in the raw materials market, the Gold advances for the fifth consecutive day and is trading at highs in the last seven weeks. The ounce of gold is trading with increases of 1.13% at $4,377 and brushes the last mhistorical highs intraday that reached 4,381.52 dollars on October 20. Continued purchases by central banks, coupled with investor flows under Fed easing, drive up prices of the precious metal.
In the foreign exchange market, the Euro Dollar is trading with slight drops of 0.05% against the dollar, leaving the exchange rate at 1.1734 greenbacks for each community currency.
For its part, Bitcoin is once again below $90,000: it is currently trading with cuts of 0.70% at $89,648.
Finally, in the field of fixed income, Spanish bond profitability At 10 years it falls to 3.296%.
In the agenda macro This Monday we have data on China’s Industrial Production and Retail Sales, Eurozone Industrial Production and Germany’s Wholesale Price Index.