The selective closes this Tuesday with increases of 0.13% that takes it to 16,734 points after marking a maximum of 16,796 points with an intraday minimum of 16,679 points. The IBEX 35 has accumulated a revaluation of 44% so far this year, placing 2025 for the moment as the second best year in its history, only surpassed by the increase of 54.2% that was recorded in 1993. The Madrid selective comes from a timid advance of 0.14% yesterday Monday, on a day of little activity in which the Spanish stock market opened normally despite the holiday in the country.
Indra boosts the Ibex 35 and heads towards its annual highs
Among the securities that have most boosted the selective, Mapfre is at the top with increases of more than 2% that take it to 4.1140 euros, for its part, Indra advances 1.9%, above 49.60 euros. Indra, precisely, is one of the most bullish stocks on the selective so far this year and is one step away from its annual highs, at 51.25 euros, reached this past November. As published today by El Confidencial, the company has requested an additional report to justify the purchase of EM&E. Meanwhile, Expansión assures that the Norwegian company Kongsberg is seeking alliances with Indra to grow in Defense.
From a technical perspective, it is appropriate to “maintain a constructive attitude in the medium term as long as the trading price does not show us otherwise and, in this sense, as long as we do not witness the record of daily closings below (i) the secondary or medium-term growing guideline, as well as (ii) €42.80 per share, we will not have objective and solid arguments with which to work on a corrective scenario of a certain intensity in the asset under study”, assures José Antonio González, director of technical analysis of Strategies of investment.
A few steps away from these values, Solaria and ArcelorMittal close the day with advances of more than 1.5%, meaning that tomorrow they will begin trading at 17.1650 euros and 37.43 euros, respectively.
Negatively, falls of more than 2% for Fluidra, which closed the session at 23.46 euros. IAG fell more than one percentage point, to 4.43 euros, and Enagás shares lost 1%, to 13.8250 euros.
In the continuous market, advances of more than 5% for HBX Group International and Nyesa Valores while DIA closed with increases of more than 3%, up to 34.40 euros. In negative falls of more than 4.7% for Metrovacesa, to 11 euros, followed by the penalty of more than 3% experienced by Tubos Reunidos or Grupo Ezentis at the closing.
On the corporate side, today we learned that BBVA has expanded its wholesale banking services in the Middle East after obtaining the preliminary license from ADGM. It has received authorization from the Financial Services Regulatory Authority (FSRA), the authority of the Abu Dhabi Global Market (ADGM), to obtain a category 4 license. Eduardo Ortiz Gross is appointed senior executive director of the Abu Dhabi office.
ACS’s Turner will develop the new One Health regional hospital in Memphis, United States, in a project of the Memphis Healthcare Builders joint venture. Design and preconstruction are already underway. ACS is, along with Ferrovial, one of the favorite securities for Bank of America in the sector.
In other recommendations, Deutsche Bank raises Banco Sabadell’s target price to €3.40 per share, from the previous €3.30, while Bernstein improves its recommendation on Redeia from ‘market perform’ to ‘overweight’, while setting the target price at €18.15 per share.
In the continuous market, Deutsche Bank maintains its ‘buy’ recommendation for HBX. Although it reduces the target price to 12.10 euros per share, the upside potential exceeds 90%. HBX Group International debuted on the stock market in February of this year, and since then it has had a very negative performance in the Continuous Market, standing significantly below the 11.50 euros at which it made the jump.
This Friday, December 12, Iberpapel will pay an interim dividend for fiscal year 2025 of 0.43 euros gross per share, but today is the last day on which the company’s shares are traded with the right to this payment. The shares will be listed without the right to dividend from December 10, the ‘record date’ will be the 11th.
On the macroeconomic agenda of the session, investors have had the data on Germany’s trade balance, which shows a surplus of 16.9 billion euros in October. In the United States, new labor market figures were released today: according to ADP Research, American private employers created an average of 4,750 jobs per week in the four weeks ending November 22, 2025, after three consecutive periods of declines.
This week, however, traders await the Federal Reserve’s decision on interest rates. The institution starts its last meeting of the year today, although the decisions will be known tomorrow, Wednesday. Traders give an 89.4% probability of a 25-point rate cut, according to CME Group’s Fedwatch tool, while the probability of them remaining in their current range, between 3.75% and 4%, is just 10.6%.
Wall Street, Europe and other assets
This has allowed the session to open on Wall Street with few changes, although little by little the red numbers seem to prevail in the S&P 500 and Nasdaq, while Dow Jones remains on the rise. The DOW JONES index rises a slight 0.18% to 47,823.31 points. He S&P 500 fell 0.05%, at 6,842.41 points, while the NASDAQ 100 fell 0.35%, at 23,463.56 points. In the business sphere, NVIDIA is the protagonist after being allowed to resume shipping its H200 chips to China.
An opening that has not changed the sign that European markets maintained and that has been confirmed at the close of this Tuesday. He DAX rises 0.4%, above 24,160 points, the FT-100 closes flat on 9,640 points, the CAC-40 closes above 8,050 points and the Eurostoxx 50 corrects up to 5,720 points. For his part, the FTSE MIB adds 0.2%, up to 43,590 points.
In raw materials markets, oil prices are turning negative with markets attentive to peace talks to end Russia’s war in Ukraine and the imminent decision on interest rates in the US. Benchmark Brent oil in Europe fell 0.9% to $61.94 per barrel, while US West Texas futures fell more than one percentage point, to $58.22.
In the currency market, the Euro Dollar advances slightly above $1.1637 while among cryptocurrencies, Bitcoin advances 3.8%, to $93,413, and Ethereum advances 5.6%, to $3,285.