The Ibex 35 gives up 0.2% at the opening and seeks 9,000 points

MADRID, 25 Oct.

The Ibex 35 gives up 0.2% at the opening and seeks 9,000 points


The Ibex 35 began this Wednesday's session with a drop of 0.2%, which brought it to 8,957.92 points, in a day marked by uncertainty about the consequences of the conflict between Israel and Hamas, and the publication of business results in Spain.

Before the start of the trading day, Banco Santander informed the National Securities Market Commission (CNMV) that it obtained an attributable profit of 8,143 million euros in the first nine months of 2023, 11% more in current euros (a 13% more in constant euros) compared to the same period of the previous year thanks to the strong growth in income, especially in Europe and Mexico, which made it possible to neutralize the increase in provisions.

Investors will also be awaiting the interventions this Wednesday by the president of the European Central Bank (ECB), Christine Lagarde, and her counterpart at the United States Federal Reserve (Fed), Jerome Powell.

In the macro field, during this day the Industrial Price Index (IPRI) in Spain and the index prepared by the Munich Economic Research Institute (Ifo) will be announced.

In the early stages of this session, the biggest increases within the Ibex 35 were recorded by Acerinox (1.08%), Logista (0.78%) and ArcelorMittal (0.8%), while on the opposite side the ' The most notable red lanterns were Ferrovial (-1.92%), Telefónica (-1.83%) and Inditex (-1.17%).

The main European stock markets opened this Wednesday with a negative sign: 0.44% for Paris, 0.37% for Milan, 0.09% for Frankfurt and 0.06% 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 87 dollars, 0.56% less, while Texas fell 0.57%, to $83.26, 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 1.0591 greenbacks, while the Spanish risk premium was around 109.8 basis points, with the interest required on the 10-year bond at 3.931%.