{"id":160999,"date":"2025-08-06T16:52:52","date_gmt":"2025-08-06T16:52:52","guid":{"rendered":"https:\/\/teknomers.com\/en\/the-ibex-35-reaches-a-new-high-since-2008-hitting-14536-points-up-0-90\/"},"modified":"2025-08-06T16:52:54","modified_gmt":"2025-08-06T16:52:54","slug":"the-ibex-35-reaches-a-new-high-since-2008-hitting-14536-points-up-0-90","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/the-ibex-35-reaches-a-new-high-since-2008-hitting-14536-points-up-0-90\/","title":{"rendered":"The IBEX 35 reaches a new high since 2008, hitting 14,536 points, up 0.90%."},"content":{"rendered":"\n
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IBEX 35 Hits New Record in 2023<\/h2>\n

The IBEX 35<\/strong>, Spain\u2019s benchmark stock index, has achieved a remarkable milestone this week, marking its highest point since early 2008. On Wednesday, the index surged by 0.90%<\/strong> compared to the previous day, closing at 14,536 points<\/strong>. This increase reflects an upward trend as the index briefly touched the 14,600 mark<\/strong> a few days prior, illustrating robust performance in the Spanish equity market.<\/p>\n

In the context of European markets, former U.S. President Donald Trump<\/strong> made a significant announcement. He warned that if the European Union does not adhere to its commitment to invest $600 billion<\/strong> (approximately \u20ac518 billion<\/strong>) in the United States, he would impose a 35% tariff<\/strong> on imports from the 27-member bloc, a sharp increase from the previously agreed 15%<\/strong>. This development raises concerns over transatlantic trade relations and its potential repercussions on the economic landscape.<\/p>\n

Major Construction Project in Atlanta<\/h2>\n

In other news from the Spanish business sector, Act, ACS Infrastructure<\/strong>, and Meridiam<\/strong> have successfully closed financing for a major construction project. They will design, build, operate, and maintain the SR400 Express Lanes<\/strong> toll highway in Atlanta, Georgia<\/strong>, for almost 56 years<\/strong>. The total investment for this extensive project is projected to be around \u20ac9.62 billion<\/strong>, indicating strong international engagement from Spanish firms in infrastructure development.<\/p>\n

Banco Sabadell\u2019s Strategic Moves<\/h2>\n

Another focal point for investors was Banco Sabadell<\/strong>, which held two extraordinary general meetings today. Shareholders approved the sale of TSB<\/strong> to Banco Santander<\/strong> along with the distribution of a substantial \u201cmacro dividend\u201d<\/strong> amounting to \u20ac2.5 billion<\/strong>. This move reflects Banco Sabadell\u2019s efforts to streamline its operations and enhance shareholder value.<\/p>\n

In a legal matter impacting the corporate environment, the Supreme Court<\/strong> rejected an appeal from Sacyr<\/strong> against a ruling from the Provincial Court of Madrid. The ruling mandated Sacyr to pay \u20ac3.5 million<\/strong>, plus interest, to its former president Luis del Rivero<\/strong> as compensation for his dismissal in 2011<\/strong>. This resolution underlines the legal challenges that corporations often face, emphasizing the importance of governance and compliance.<\/p>\n

Market Trends Among Leading Companies<\/h2>\n

Amidst these developments, Naturgy<\/strong> emerged as the top performer, recording a 2.24%<\/strong> increase in its stock value. Other notable gainers included BBVA<\/strong> (+2.08%), Banco Sabadell<\/strong> (+1.99%), Merlin<\/strong> (+1.98%), Sacyr<\/strong> (+1.77%), and Telef\u00f3nica<\/strong> (+1.75%). These increases demonstrate a healthy investor sentiment towards major companies listed on the IBEX 35.<\/p>\n

Conversely, a few companies faced declines, with IAG<\/strong> leading the losers at -1.99%<\/strong>, followed closely by Rovi<\/strong> (-1.98%), Grifols<\/strong> (-1.31%), Cellnex<\/strong> (-1.26%), and Puig<\/strong> (-0.32%). Such fluctuations in stock prices are common as investors react to various factors affecting market conditions.<\/p>\n

IBEX 35 Outperforms European Indexes<\/h2>\n

The IBEX 35<\/strong> has shown stronger growth compared to other major European stock markets this week. The performance of other indices includes London rising by 0.25%<\/strong>, Paris by 0.24%<\/strong>, Frankfurt by 0.29%<\/strong>, and Milan by 0.71%<\/strong>. This highlights the exceptional circumstances surrounding the Spanish market’s recent activities.<\/p>\n

In the energy sector<\/strong>, the price of Brent crude oil<\/strong> closed at $68.43<\/strong>, marking a 1.15%<\/strong> increase, while West Texas Intermediate (WTI)<\/strong> similarly rose to $65.91<\/strong>, indicating a positive trend in global oil markets. This can influence broader economic factors as oil prices often correlate with inflation rates and consumer spending.<\/p>\n

In the fixed-income market, the yield on the Spanish 10-year bond<\/strong> rose to 3.233%<\/strong>, up from 3.202%<\/strong> on Tuesday. Consequently, the risk premium against German debt finished the day at 57.9 basis points<\/strong>, offering insights into investor confidence in Spain\u2019s economic stability.<\/p>\n

As for the currency market, the euro<\/strong> showed resilience, appreciating by 0.59%<\/strong> against the U.S. dollar<\/strong>, closing at an exchange rate of 1.1644 USD<\/strong> for each euro. This strength reflects ongoing investor expectations regarding future economic performance and potential interest rate adjustments from the European Central Bank<\/strong>.<\/p>\n

The recent climb of the IBEX 35<\/strong> illustrates a growing confidence in the Spanish economy, supported by strategic business decisions and favorable market conditions that are likely to propel further growth in the upcoming months.<\/p>\n


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General News – 2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

IBEX 35 Hits New Record in 2023 The IBEX 35, Spain\u2019s benchmark stock index, has achieved a remarkable milestone this week, marking its highest point since early 2008. On Wednesday, the index surged by 0.90% compared to the previous day, closing at 14,536 points. This increase reflects an upward trend as the index briefly touched […]<\/p>\n","protected":false},"author":1,"featured_media":161000,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[170,13674,40104,4219,4032],"class_list":["post-160999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mazagine","tag-high","tag-hitting","tag-ibex","tag-points","tag-reaches"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/160999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=160999"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/160999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media\/161000"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=160999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=160999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=160999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}