Ibex 35 Rises Amid Geopolitical Tensions and Anticipation of Nvidia Results

The Spanish Ibex 35 index rose on Tuesday, recovering the 20,100 point level and heading toward 20,200 points. While the index saw moderate gains, investors remained cautious due to geopolitical risks and upcoming economic indicators. The market is specifically awaiting the quarterly results of Nvidia, which are seen as a critical test for the ongoing artificial intelligence rally. Analysts suggest that Nvidia's performance will indicate whether the boom in AI hardware and profits is losing momentum. Additionally, investors are monitoring the U.S. Personal Consumption Expenditures (PCE) inflation report and upcoming comments from Federal Reserve officials regarding monetary policy.

Geopolitical instability is centered on the Trump administration's economic offensive against Iran. The U.S. has announced sanctions against various entities and individuals accused of facilitating the Iranian government's activities. The administration has threatened secondary sanctions against any country doing business with Tehran. While a center-left source framed these measures as not yet constituting a significant escalation, a center-right source provided more detail on the severity, noting that U.S. officials described it as the largest financial offensive ever orchestrated and mentioned a naval blockade of the Strait of Hormuz. Iran has dismissed the impact of these measures, claiming previous U.S. attempts to cut its economic arteries have failed.

These tensions have impacted energy markets, with Brent crude oil prices falling. One source reported a decline of 0.8 percent to around 91 dollars per barrel, while another reported a steeper drop of 3.07 percent to 89.3 dollars per barrel. Other global market movements included a general decline in Asian stocks and moderate gains for European indices such as the Dax and Cac 40. In other news, the U.S. announced 50 percent tariffs on Canadian imports, and Bitcoin surpassed 80,000 dollars for the first time since May.