TRUMPDOWN- Ibex 35: Week of Declines after Trump's Victory

The Ibex 35 faces a week of losses, registering an accumulated fall of 2.2%, influenced by the reelection of Donald Trump in the U.S. The prospect of new tariffs and restrictive trade policies have generated concern, especially for Spanish companies with international operations. At mid-session, the Spanish index fell 0.28% to 11,537.60 points, and then recovered to 11,586.80 points during the midday break.

Among the most affected stocks of the day were ArcelorMittal and BBVA, with declines of 2.72% and 2.59%, respectively. BBVA, in particular, faces uncertainty about how Trump's policies could influence its business in Mexico. In contrast, IAG and Grifols stand out positively, with increases of 5.82% and 5.77%, thanks to solid recent business results.

International Trends: Contrasts between Europe and the United States
The European context reflects investor caution, with declines in the region's main stock indexes. The German DAX and the EURO STOXX 50 are down 1.07%, while the French CAC 40 is down 1.01%. In contrast, the US indices, boosted by Trump's victory, show an opposite trend, reaching new highs on the S&P 500 and the Dow Jones. This optimism on Wall Street has been helped by the Federal Reserve's recent decision to cut interest rates by 25 basis points, in line with market expectations. At the end of the morning session, all indices are negative except the IBEX and the Portuguese PSI, a clear link between politics and indices.


Commodities and Currencies: Moderate Declines in Oil and Gold, with Euro Declining
The commodities market has a weak tone. Brent oil has fallen by 1.47% and gold has lost 0.56% to 2,690 dollars per ounce. In the currency market, the euro is down 0.22% against the dollar, trading at 1.0782 units. Bitcoin, on the other hand, has registered an increase of 1.71%, reaching 76,312 dollars.
This scenario shows a market divided between caution in Europe and optimism on Wall Street, where investors remain attentive to changes in U.S. trade policy and its impact on an uncertain economic environment.
Ion Jauregui - ActivTrades Analyst


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