Invertia The Ibex 35 reaches 8,700 points for its annual close with increases of 0.5%

European stock markets were once again caught up in uncertainty in this last session of the year, between slight cuts and very timid advances. However, as the closing approached, they opted as a block to give their year-end rally one last push. The Ibex 35 marked an advance of 0.46% to 8,713.8 points. A rise of 7.93% in the year.

Despite these initial qualms, European stock markets managed to follow in the footsteps of Wall Street, where several indices managed to score new all-time highs. However, the New York Stock Exchange still has one more day, since it will also open for trading on New Year's Eve.

Given this scenario, few sudden movements between the values ​​that are part of the Spanish index. At the head of those that struggled to extend their comeback, PharmaMar, with an increase of 2.9% that made up for its weak annual performance.

The list of winners on the last day of the year continued with Cellnex (+1.3%), Iberdrola (+1.2%) and Inditex (+1.2%). Tied with these two, Siemens Gamesa, which from the first hour was placed as the standard bearer of the rebound thanks to the arrival of new contracts.

At the other end of the revaluation table, Telefónica was unable to get the loop at 4 euros per share. Falls of 1.6% to 3.85 euros per share despite the reception achieved by its scrip dividend both among retailers and directors.

The bearish podium was completed by the metallurgical tandem of the Spanish index. ArcelorMittal lost 1.2%, while Acerinox fell 1.1% in the last session of the year.

More restrained, but equally significant, was the fall of 0.9% that Mapfre suffered after CaixaBank broke up the bancassurance agreement that it had inherited from Bankia. The company considers that the amount proposed by the bank is not enough to terminate its relationship.

Against this background, the last session of the year for the Ibex 35 achieved the challenge of making the tie to the psychological level of 8,700 points. However, its conquest did not free the Spanish index from remaining the most lagging index in Europe in this 2021 exercise.

As far as the day's financial agenda is concerned, the key reference came early. First thing in the morning, the data on early inflation for December was published. Jumping 6.7% year-over-year, the benchmark marked its highest reading since 1992.