The IBEX 35 closes with increases of 0.19% at 17,647.10 points. The values that have risen the most in today’s session have been IAG, which added 2.92%, and Aena, which added 2.63%. Among the declines, Repsol stands out, which fell 2%, compared to the 1.70% that Unicaja fell.
The Madrid selective came from two bullish sessions, with which the year began, and in which it achieved new historical highs, yesterday at 17,614 points. Until today, the index had already risen more than 1.80% in the two full sessions that we had this year. Today, the Ibex has reached a new intraday high, at 17,739.60.
As I pointed out Juan J. Fdez-Figares, of Link Securitiesthe US military intervention in Venezuela was one of the factors that most influenced the behavior of the different sectors in the stock markets, «since it served to strongly push up the values of the defense sector, which had been suffering in the last weeks of 2025 from aggressive profit-taking by investors, who again clearly bet on them.»
If we must highlight two Ibex values with clear sensitivity to the conflict, they are Indra and Repsol, the latter due to the part of its business located in the Latin American country. From Bankinter they indicated that the company has almost 15% of its world oil reserves and 12% of its production in Venezuela.
Furthermore, this morning we learned that Eni and Repsol are fighting for gas payments of 6 billion dollars in the country, according to the Financial Times. On the other hand, the company chaired by Antonio Brufau is awaiting approval from the United States to once again export oil from the South American country, the report said. Five Days.
Indra, which was the value that rose the most yesterday (it shot up above 9.6%), and which last year was the value of the entire Ibex 35 that experienced the most increases in the accumulated year, is significantly affected by geopolitical uncertainty, with the emergence of the United States in Venezuela this weekend and the arrest of Maduro by Trump.
As if that were not enough, the American president longs to have Greenland, a territory under the jurisdiction of the Kingdom of Denmark, in his possession. The Danish Prime Minister even warned that «If a NATO country attacks another NATO country, everything will be over. Including our NATO and, consequently, the security it has provided since the end of the Second World War.”
Shortly before the close of yesterday’s session, local media reported that BBVA would be in negotiations with ING to sell its subsidiary in Romania to the Dutch bank, which operates under the Garanti brand.
This morning we knew from the hand of Five Days that Telefónica faces its departure from Colombia after the departure of Coltel from the State, while Expansion pointed out that Banco Santander places 2,000 million in debt in double tranches.
Regarding analyst recommendations, Morgan Stanley today raised IAG’s target price from 5.20 euros to the current 5.40 euros per share, thus giving it double-digit potential.
In the Continuous Market, FCC reported that it will build a runway for the King Salman airport in Riyadh, Saudi Arabia.
Europe, Wall Street and oil
In the macroeconomic agenda Today, throughout the morning we knew the services PMI indices for Spain, Germany, the Eurozone, the United Kingdom and the United States. In addition, Germany’s advance CPI was published, which decreased to 1.80% in December from 2.30% in November, and before the opening we knew that of France, which fell to 0.8% from the previous 0.9%.
Among the most notable data from the PMIs, Spain’s services sector rose to 57.1 in December, compared to the 55.6 recorded in November, well above market expectations, which stood at 54.5. Meanwhile, the Eurozone Composite PMI stands at 51.5, up from a preliminary estimate of 51.9 and below the 30-month high recorded in November of 52.8.
With a market that has been processing these figures throughout the day, the European stock markets close the session this Tuesday with the German Dax rising 0.16% at 24,895 points, the French CAC 40 gains 0.32% at 8,237 points, the FTSE 100 in London gains 1.17% at 10,121 points, the FTSE MIB decreases 0.20% to 45,755 points, while the EURO STOXX 50 advances 0.14% to 5,931 points
Wall Street opened today with the Dow Jones down a timid 0.05% at 48,950 points, the S&P 500 gained 0.13% to 6,911 points, while the Nasdaq It advanced 0.29% to 23,463 points.
The Asian stock markets closed the session on Tuesday with the Japanese Nikkei rising 1.32% to 52,518.08 points, while in China the CSI 300 added 1.55% and the SSEC from Shanghai 1.50%. He Hang Seng of Hong Kong rose 1.38% and the Kospi South Korean 1.52%.
Regarding fixed income, the reference 10-year Spanish bond offers a yield in the secondary market of 3.273%, which leaves the risk premium with respect to its German counterpart at 42.73 points. On the other side of the pond, the 10-year US bond obtains a yield of 4.187%.
Already in the raw materials market, the oil prices They fall again after rising for almost the entire session, while the market weighs expectations of ample global supply this year against the uncertainty surrounding Venezuelan crude oil production following the capture of Nicolás Maduro by the United States.
Thus, Brent, the benchmark in Europe, fell 0.35% to $61.54 per barrel, while West Texas Intermediate futures fell 0.45% to $58.08
The price of gold is rising again, supported by the demand for refuge, given the rise in geopolitical tension. Spot gold rose 0.7% to $4,480 an ounce.
The Euro Dollar drops 0.27%, establishing the exchange rate at 1.1690 dollars for each community currency. Reviewing the main cryptocurrencies, Bitcoin drops half a point, to $93,400, while Ethereum rises 2.5%, to $3,267.