The Ibex 35 index has continued its upward momentum, surpassing 14,400 points for the first time since 2008 and reaching new annual and 17-year highs. As of August 6, 2025, the index exceeded 14,500 points, marking a year-to-date gain of approximately 25%. European stock markets have maintained this positive trend despite the ongoing protectionist measures and tariffs implemented by the Trump administration. Market analysts and financial institutions, including JP Morgan, have noted the resilience of the Ibex 35 and its strong performance in the current environment. Investors remain attentive to upcoming market developments and infrastructure sector impacts due to tariffs, while the Bank of England is expected to maintain its current policy stance. Overall, the Ibex 35's rally reflects sustained investor confidence amid global trade tensions.