The Ibex 35 falls 0.6% at the opening with the focus on the ECB and in the midst of a wave of results in Spain

MADRID, 26 Oct.

The Ibex 35 falls 0.6% at the opening with the focus on the ECB and in the midst of a wave of results in Spain

MADRID, 26 Oct. (EUROPA PRESS) -

The Ibex 35 began this Thursday's session with a drop of 0.6%, which brought it to 8,930.8 points, in a day marked by uncertainty about the consequences of the conflict between Israel and Hamas, the publication of business and EPA results in Spain and the monetary policy meeting of the European Central Bank (ECB).

Before the start of the trading day, Banco Sabadell informed the National Securities Market Commission (CNMV) that it obtained an attributable net profit of 1,028 million euros, 44.9% more compared to the same period of the previous year. and thus achieves the best result in its history.

Repsol, for its part, obtained a net profit of 2,785 million euros until September, which represents a drop of 14% compared to the same period in 2022, in a context marked by lower hydrocarbon prices and refining margins. compared to last year, in which they skyrocketed due to the energy crisis after Russia's invasion of Ukraine.

Iberdrola also reported early to the CNMV that it recorded a net profit of 3,637 million euros in the first nine months of the year, which represents an increase of 17.2% compared to the same period last year - 22 .4% excluding the extraordinary derivative of the sale of part of the business in Mexico--.

Fluidra, for its part, recorded sales of 1,623 million euros between January and September, 16% less than the same period last year, "standing within the expected range," as reported by the company in a statement.

Investors will also be awaiting the monetary policy meeting of the European Central Bank (ECB) this Thursday, which meets in Athens, from where it will announce its interest rate decision.

In the macro field, at the beginning of this day the Active Population Survey (EPA) for the third quarter of the year was released, a period in which unemployment rose by 92,700 people in the third quarter of the year, which represents a 3 .3% more than in the previous quarter and its largest rebound in absolute values ​​in a third quarter since the summer of 2020, in the middle of the pandemic.

In the early stages of this session, the biggest increases within the Ibex 35 were recorded by Banco Sabadell (3.99%), Iberdrola (0.38%) and Endesa (0.25%), while on the opposite side the The most notable 'red lanterns' were Fluidra (-4.03%), Grifols (-1.52%) and Inditex (-1.44%).

The main European stock markets also opened this Thursday with a negative sign: 1.41% for Frankfurt, 1.17% for Paris, 1.03% for Milan and 0.73% for London.

At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, was above 89 dollars, 0.78% less, while Texas fell 0.82%, to $84.69, both affected by the escalation of tensions in the Middle East following the open war between Hamas and Israel, as well as the situation in Iran, in addition to pressures related to the conflict in Ukraine and the cut in the supply of Russia and Saudi Arabia.

In the foreign exchange market, the price of the euro against the dollar stood at 1.0542 greenbacks, while the Spanish risk premium was around 109.2 basis points, with the interest required on the 10-year bond at 4.038%.

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