Spanish stock market hits new record high above 19,600 points

The Spanish stock market achieved a new historic closing high on Thursday, with the IBEX 35 index climbing 1.37% to 19,671.8 points. This surge surpassed the previous record set on June 22 and brings the year-to-date gains to 13.6%.

The market's upward trend accelerated after the release of U.S. employment data, which showed only 57,000 new jobs created in June, less than half of what experts predicted. This weaker-than-expected job growth diminished the prospect of an immediate interest rate increase by the U.S. Federal Reserve, a factor that typically influences global markets.

Within the IBEX 35, ArcelorMittal saw a significant jump of 6.03%, reportedly benefiting from the European Commission's decision to increase tariffs on overproduced imported steel. Technology firm Indra also performed well, rising 4.36%. However, the positive momentum was not universal, with six companies ending the day in negative territory. These included infrastructure group Acciona, real estate company Merlin Properties, construction firm ACS, green energy producer Solaria, pharmaceutical company Laboratorios Rovi, and pool sector multinational Fluidra.