Ibex 35 Surpasses 15,000 Points in Eighth Consecutive Gain Led by IAG, Repsol Amid US-China Deal and Global Optimism

The Ibex 35 index has experienced a notable upward trend, reaching 15,000 points for the first time in 18 years. After opening above 14,900 points following a US-China trade agreement, the index showed resilience despite some fluctuations around the 14,800 to 14,900 range. The index closed with modest gains, supported by strong performances from companies such as IAG and Repsol, while BBVA led declines. This marks the eighth consecutive day of gains for the Ibex 35, its longest positive streak since May. Analysts have set a target of 15,541 points, approximately 4% higher than the current level. This rally occurs amid global market optimism and ahead of the upcoming Trump-Putin meeting on Ukraine. Meanwhile, Chile's IPSA index also opened higher, approaching a record above 8,600 points, led by Falabella after the company's strong results.