US stock markets continue to celebrate after an intense week, full of uncertainty due to the importance of events, and point to the best weekly close in the last 12 months. The region’s benchmark, the S&P 500, manages to record an increase of 4.6% at the European close, its strongest weekly increase since October 2023. Last week, the whole world had its eyes on the United States, both because of the American elections and because of the meeting of the American Federal Reserve after the elections, leaving the economic results in the background. Finally, Donald Trump’s resounding victory over Kamala Harris caused the price of indices on Wall Street to rise radically to their highest. rally bullish trend throughout the year, leading these stock markets to surpass and set new all-time highs. But this does not extend to the rest of the markets, since the prospects of the Republican as the new tenant of the White House They are not at all favorable to their allied countries, and the price of the Old Continent reflects this. The Ibex 35 is one of the most penalized on the continent by this appointment at the polls, which lost 2.46% on a weekly basis and closed at 11,551.6 points.
Investors in Big Apple celebrated Trump with purchases in all three benchmarks, although their favorite It is the Nasdaq 100 which takes the lead by increasing by 5.15% in the weekly count at the end of the session on the European continent. With this rise, the technology index also outperforms the S&P 500 on an annual basis, by obtaining 25.1% in 2024in front of the 24% of the selection par excellence. The selective company that most appreciates Trump’s vision as President of the United States is Tesla, which achieves a 24% increase in just five days, since the company of the tycoon Elon Musk, who was one of the main supporters of the tycoon in his campaign, will be favored by the plans of the new tenant of the White House to reactivate American production and the good relations of this company. While the Dow Jones download a 4.7», which sees its prospects favored by the reactivation of the country’s declining industrial sector due to the relocation of its production.
And the fundamental element of this Trump plan to strengthen American industry is to increase customs duties on imported products, which obscures predictions about the future of this sector on this side of the Atlantic, which led to the European indices collapse on the stock market in the weekly report. The benchmark that emerges worst from these declines is the Italian benchmark, the FTSE Mib, which fell by 2.7% over this period.
Meanwhile, the Ibex occupies the second worst position in the last five days, this Wednesday it experienced its worst drop in session in 2024 of 4.5%, not seen since October March. This caused the index to lose its position as the best index for the year 2024, which the German Dax won with its increase of 14.6%, compared to the 14.2% that the Spanish stock market accumulates. Over the week, the Berlin Stock Exchange lost 0.3%. While the selective reference on the continent, EuroStoxx 50, lost 1.5% this week. For his part, the Cac 40 falls 0.8% and continues to trade negatively on an annual basis, with a decline of 2.5% in 2024.
The ibex bears
The Ibex 35 experienced a bleeding of their values this week, in which only seven companies escape the general declines, not only of the Spanish stock market, but of the rest of the European references. IAG and Acerinox are the most bullish these days, up 11%, while Grifols is up 6%.
Although in the red part of the table, Rovi leads the descents, and correct 20% over the last five days after giving disappointing results on Thursday, in which its profit fell 4% and forecast lower-than-expected profits for next 2025. Puig and Banco Sabadell fell by 6%, each for its part. Spanish banks experienced a landscape This became complicated on Wednesday, when the victory of the Republican candidate was announced, and the index which tracks the behavior of our country’s banks fell by 5%, one of the largest this year.
On the other hand, the dollar benefited from the outlook for Mr. Trump as president and continues to trade strongly against the euro, after reaching this Wednesday the exchange rate of 1.07 dollars, its largest increase since March 2020 at the start of the pandemic, and closes the week at these levels. On the other hand, the barrel of Brent reached 75.63 dollars, which it finally lost at the European close, closing at 73.82 dollars. While gold fell to $2,659, it closed at $2,688 per ounce.
