The start of the year has not been as expected. Investors were betting that Donald Trump’s return to the White House would give Wall Street leadership in the stock market, although the photograph current markets is different. Europe has taken the lead in annual increases, with its main indices registering more than 7% rise, compared to the 4% achieved by the selective ones on the other side of the Atlantic. Although, in the week of the new president’s inauguration, the US indices have managed to reach the European increases at the close of this session, of 2%. Europe scores 2%, while the Ibex 35 lags behindsince the national index adds only 0.6%, up to 11,982 points, and the desired ones escape 12,000 points, which he faced again this Thursday.
This week, the French Cac 40 leads the rises in Europe. The Paris stock market index has advanced 3% in recent days, leading the index to register 7.4% annually, which contrasts with the fall recorded by this reference in 2024, like the Dax. The German index This week it has managed to add 2.4% more to its pricewhile trading at its all-time highs, driven by renewed investor optimism regarding the upcoming elections in the country. For its part, the EuroStoxx 50 rises 1.4% more, which leaves the European index 6% from its historical bubble highs dotcom: 5,550 pointstouched on intraday, in which Joan Cabrero, analyst and strategist at Ecotrader, also trusts.
Cabrero explains that the market discounted that “the Trump effect will act as a catalyst for increases in the North American stock markets this year, but so far the leadership The German election effect is taking over.” The Ecotrader strategist doubts that it can lose these levels, even so he recommends keeping an eye on the support of 4,800 points, since “We are in the early stages of a year that will surely bring important ups and downs. This apparent calm reinforces my conviction to act with caution and wait for better buying opportunities”.
“One of them could appear if the EuroStoxx 50 performs a throwback towards 5,000 points, coinciding with the old bearish trend that limited the consolidation of 2024. This corrective movement could materialize after the impact of the federal elections in Germany, scheduled for February 23,” estimates the expert. “This effect will also be reflects in the explosive behavior of the Dax 40which has reached overbought levels not seen since March of last year,” says Cabrero.
Luxury is also being one of the keys to this strong start of the European stock market, especially for the EuroStoxx and the Cac 40 due to the weight of the brands in these indices. premium. The sector was plunged into a crisis due to the weakness of its sales in China, which ended up punishing its stock market price. But these signatures are in a rally stock market since last week, after the good results of Richemont.
This Friday, Burberry also surprised the market with better-than-expected sales during the last quarter of 2024. From Bloomberg They expected a 12.8% drop in sales, which has finally been limited to 4%. This has led the firm to revalue 14% in the last session, which leads to a 24% annual increase, the fourth most bullish in the entire market. Stoxx 600.
At this weekly close, not everyone is so positive: the Ibex remains behind its counterparts on the Old Continent, with its increases of 0.6%, while the FTSE 100 closes practically flat and the Italian FTSE Mib falls 0.2% in the last five days.
Wall Street only traded four days this week, since this Monday it was closed for Martin Luther King Day, which coincided with Trump’s inauguration as the 47th president of the United States. In recent sessions, US indices have received support from the new resident of the Oval Office, after declaring that he will boost economic growth and lower taxes in the US, and also softened his position regarding tariffs on Chinese products.
This week the S&P 500 recorded a 2.1% rise, which has led the index to exceed its historical highs, 6,090 points, and record new historical highs of 6,118 points, although at the European close it was trading below these levels. The Dow Jones also advanced 2.4% in the week, while the technology index reached a 1.9% monthly increase, punished by firms such as Electronic Arts (-18%) and MicroStrategy (-6%), which is the second largest holder of bitcoins in the world.
The most bullish and bearish
The Ibex 35 values close the week in a mixed manner. While the increases are led by ACS, with 5.4%, due to Trump’s Stargate project and its high exposure to the US market. Banco Sabadell and ArcelorMittal advance 5% and 4.3% this week. Meanwhile, Solaria is the red lantern of the Spanish index, losing 9.2% in recent days. Telefónica fell 4.8% after the change of management in the company, and Logista fell 4.5%.
For its part, the euro rises 2.4% against the dollar, to 1.05 green bills per European currency, levels not seen since mid-December. Gold continued on its upward path and remains at the European close 0.5% of its historical highs: 2,787 dollars, while trading at around 2,775 greenbacks. Instead, The price of a barrel of Brent decreases to 78.2 dollars.
#Ibex #misses #points #increases #rest #Europe #scores
