Iran‑US nuclear pact lifts Spanish Ibex 35

A nuclear agreement between Iran and the United States, scheduled for signing in Switzerland, is being hailed as globally positive. Analyst Ferran Carreras said, "el acuerdo entre Irán y Estados Unidos ... es positivo a nivel global" and added, "Para el Ibex 35, este acuerdo es claramente positivo." He noted that the Ibex 35 is relatively insulated from the semiconductor‑driven tech surge and may see gains in traditional sectors such as banking, tourism and infrastructure. Market commentary from Thomas Hempell of Generali Investments warned that the easing of geopolitical risk could also open space for broader risk‑asset rallies, stating, "en un contexto de crecimiento global aún sólido... la relajación del riesgo geopolítico podría dejar margen para nuevas subidas en los activos de riesgo." The Spanish market has already shown a modest rise as investors anticipate the impact of the reduced tension in the Strait of Hormuz on oil prices and overall risk sentiment.

The outlook suggests that while some sectors may be disadvantaged, the overall effect on Spain’s equity market is expected to be positive, with traditional industries likely to benefit most from the new geopolitical environment.