That inflation is reduced in the United States has served as an incentive for new all-time highs that has marked the Spanish stock market, the eleventh so far this year, after 18 years of waiting and the fifth ones that are marked in the month of December.
Decided progress, which leads to strongly recovering the level of 17. and entering it decisively. The recovery of punished values leads the gains, in the case of Indra or Laboratorios Rovi among the best of the day along with one endorsed by Jefferies, Inditex, with the majority of bullish companies in the Spanish selective. The great driver, the positive tone left by the unexpected data of inflation in the United States that marks a 2.7% increase in prices compared to the expected 3.1%.
All while the ECB complies with the planned script: it does not move rates and even Lagarde points out that there is no possibility of anticipating movements in the face of uncertainty, while they remain at 2%, what many consider ‘the neutral rate’. Growth forecasts have been revised upwards, while services inflation will fall, but more slowly than anticipated.
The IBEX 35 closes the session with gains of 1.15% to 17,132.60 points with the increases of companies such as Indra 4.41%, Amadeus 2.84% and Inditex 2.55% and the falls experienced by Redeia (REE) 0.79%, Ferrovial 0.39% and Telefónica 0.29%.
Among the protagonists of the session, we find stocks such as Inditex. Jefferies recommends ‘comprar‘ to the textile giant, with a target price of 67 euros per share. As noted in a report, “in 2026, Inditex shareholders should have the opportunity to see how their actions better reflect the composite quality of a unique group.”
The new valuation not only represents an upward potential of 22.26% compared to yesterday’s close and 20% compared to the current price, but, if fulfilled, it would boost Inditex’s market capitalization to 208,815 million euros. Until now, no Spanish listed company has managed to overcome the 200 billion euro barrier.
And Telefónica, which is double news. On the one hand, it has initiated the procedure tostop trading on the New York Stock Exchange, the stock market where it landed almost 40 years ago, on June 12, 1987, when it became the first Spanish company to be listed on Wall Street. In a statement sent to the CNMV, the telecom company indicates «its intention to initiate the procedure to voluntarily exclude the listing of its ‘American Depositary Shares’, each representing one ordinary share of Telefónica, represented by American Depositary Receipts (ADR), from the New York Stock Exchange.»
The second is that this afternoon we learned that Telefónica and the unions will sign the definitive ERE next Monday after reaching an agreement for the seven affected subsidiaries in the group and It will mean the departure of 4,539 workers.
Meanwhile, Aena has reached an agreement with the fund InfraBridge to purchase paparticipations in the British airports of Leeds Bradford and Newcastle for an amount of 270 million poundssome 309 million euros, as reported to the National Securities Market Commission (CNMV).
And regarding dividends, Acerinox, which today announced a new interim dividend and thus adds to the intense closing of the stock market year, in which the listed companies rush until the last breath of the year to reward their investors.
The steel company has approved the distribution of an interim dividend corresponding to the year 2025 for an amount of 0.31 gross euros per sharepayable in cash to all outstanding shares entitled to receive it. The schedule is already set: the payment will be executed on January 23, 2026.
Already in the rest of Europe, general advances, the EURO STOXX 50 rises 1.09% to 5,743 points, the CAC 40 advances 0.80% to 8,150 points, the Dax gana 1.03% to 24,202 points and the FT 100 rises at the close of Friday 0.65% to 9,838 points.
And on Wall Street, falling consumer prices produce a vote of confidence for investors, after reaching a surprising 2.7% year-on-year rate, which is four tenths below expectations.
A fact that opens the door to more cuts by the Fed, the only one that the Federal Reserve projects for 2026 and the two that the market expects.
Regarding values, gains of 11% for Micron whose revenues are close to 13.6 billion dollars, well above market forecasts. The company projects to generate revenues of 18.7 billion euros in the current quarter and an adjusted profit of 8.4 dollars per share.
Trump Media soars 35% on the stock market after announcing its merger with TAE Technologies. The all-stock operation is valued at more than $6 billion and is expected to close in mid-2026.
In pharma, Eli Lilly & Co has said a late-stage trial shows its anti-obesity pill helped patients maintain most of their weight loss after they switched directly from Wegovy and Zepbound injections.
Investors will also have to keep an eye on the price of Lululemon Athletica. According to information provided by The Wall Street Journalthe activist investor Elliott Investment Management has amassed a stake of more than $1 billion at the struggling retailer.
At the close of the Spanish session, the DOW JONES rose 0.95% to 48,338 points, the S&P 500 rose 1.36% to 6,812 points and the Nasdaq OMX gained 1.92% to 23,133 points.
In the rest of the market, we start with the fixed income market, with cuts in the 10-year Spanish bond, from 0.70% to 3.279% while in the case of the German bund, there are decreases of 0.54% to 2.8504%. The risk premium drops 3.58% and corrects to 42.87 basic points.
In raw materials, oil rises and future of the Brent barrel recovers the level of 60 dollars with advances of 0.72% while West Texas places its price at $56.33, and gains 1%. Gold with a new maximum at 4,400 points, with increases of 0.57%.
Already Bitcoin, with gains of 1.42% to $88,208 per asset. Finally, in the Euro Dollar relationship with slightly positive opening levels for the single currency of 0.18% to 1.1743 units.