MADRID, 14 (EUROPA PRESS)
The Ibex 35 maintained its bullish tone in the mid-session on Thursday, rising 0.70% to 15,124.7 points, above the 0.25% increase recorded in the early stages of the session.
The Spanish index has not reached these levels since December 2007, its highest level in 18 years, in a context marked, among other things, by market expectations that the U.S. Federal Reserve (Fed) will lower rates next month due to inflation data.
In fact, US President Donald Trump is considering naming Jerome Powell's successor as head of the Fed from a list of eleven candidates, three of whom have not been previously announced.
On the international front, it was announced this Thursday that the United Kingdom's gross domestic product (GDP) grew by 0.3% in the second quarter of the year, four-tenths of a percentage point below the 0.7% growth experienced in the first three months of 2025.
Meanwhile, eurozone GDP growth slowed to 0.1% in the second quarter of the year, coinciding with the height of trade tensions, compared to the 0.6% expansion observed in the first three months of 2025, Eurostat confirmed on Thursday.
Regarding Spain, the INE has reported that industrial turnover rose 3.4% in June compared to the same month in 2024, while the services sector's turnover increased by 6.4% in the sixth month of the year.
Among the stocks that rose the most in the mid-session were ACS (+1.40%), BBVA (+1.37%), ArcelorMittal (+1.22%), Ferrovial (+1.05%), and Iberdrola (+1.04%). On the other hand, the stocks that fell the most in the mid-session were Logista (-0.55%), Acciona Energía (-0.26%), Puig (-0.25%), and Repsol (-0.19%).
Only London fell mid-session (-0.07%) among the major European stock markets. Paris rose 0.28%; Frankfurt, 0.41%; and Milan, 0.83%.
A barrel of Brent crude was trading at $65.90, up 0.41%, while West Texas Intermediate (WTI) crude was trading at $62.91, also up 0.41%.
The yield on the 10-year Spanish sovereign bond was trading at 3.221%, down from 3.232% at Wednesday's close. The risk premium thus rose three-tenths of a percentage point to 55.5 basis points.
In the foreign exchange market, the euro depreciated 0.13% against the dollar, trading at $1.1690 per euro.
Meanwhile, Bitcoin reached new all-time highs, surpassing $124,000 per unit of the cryptocurrency.
