Ibex 35 recovers 20,000 level amid rising oil prices and Nvidia acquisition news

The Ibex 35 closed the session up 1.12%, reclaiming the 20,000-point psychological threshold. The index reached 20,000.2 points amid market volatility driven by escalating tensions in the Middle East between the United States and Iran. Following military exchanges, crude oil prices rose to $97 per barrel.

In specific market movements, Spanish steelmaker Acerinox saw a 2.9% increase, supported by rising nickel prices and new European Union trade protections on steel imports. Conversely, Indra fell 2.8% following a reduction in stake by UBS.

In the United States, Nvidia made headlines with the announcement of a $14 billion acquisition of Hugging Face, aiming to strengthen its AI ecosystem. Additionally, Microsoft reported quarterly Azure sales of $29.4 billion, positioning itself between competitors AWS and Google Cloud.