30 June 2025
Perspectivas de mercado para el segundo semestre
Desde Banco BiG, nuestra Directora General Sara Carbonell analiza el comportamiento de los mercados en la primera mitad de 2025 y las claves para el segundo semestre. “Ha sido un semestre complejo, marcado por la volatilidad, los aranceles y los conflictos geopolíticos. Aun así, la renta variable americana se mantiene cerca de máximos históricos y el balance general ha sido mejor de lo esperado”, destaca.
Entre los focos de atención, Carbonell subraya la situación macroeconómica de Estados Unidos, con especial énfasis en el PCE deflactor, un indicador clave para la Reserva Federal. “La deuda americana se encuentra en niveles muy elevados. Aunque el mayor tenedor es el propio Gobierno, países como Japón también tienen una gran exposición. Esta situación genera inquietud en los mercados”, explica.
En Europa, la renta variable ha mostrado un rendimiento especialmente positivo. El Eurostoxx acumula un avance del 7% en el año y el Ibex 35, un 19%. “El año pasado Europa ya tuvo un buen comportamiento, pero aún conserva recorrido. Además, contamos con sectores estratégicos como el de defensa, donde empresas como Indra destacan por su potencial”, señala Carbonell.
Desde Banco BiG, seguimos atentos a los movimientos del mercado para identificar oportunidades que nos permitan generar valor para nuestros clientes, incluso en contextos de incertidumbre.
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