MADRID, 27 Oct. (EUROPA PRESS) -
The Ibex 35 ended Friday's session with a drop of 0.50%, which has led it to register a decrease of 1.2% in its sixth consecutive week of decline and to fall below 9,000 points for the first time. time since April.
In fact, it closed at 8,918.3, also putting the 8,900 level at risk, in a week marked by the presentation of results, the increase in debt yields, tensions in the Middle East and the decision of the European Central Bank (ECB) to maintain official interest rates.
XTB analyst Joaquín Robles highlights that the companies' results for the third quarter are "meeting expectations."
Thus, Santander, Sabadell and CaixaBank have announced increases in profits, driven by margins, while Iberdrola is heading for a new annual record driven by greater investment in communication networks and IAG has reported a strong increase in profits thanks to the increased travel demand during the summer.
Repsol has reported a reduction in its profits, due to lower energy prices, but continues to accelerate its strategic plan focused on greater exposure to renewable energies.
At the 'macro' level, the GDP data in the United States for the third quarter stands out, when the country's economy grew by 4.9%, "which generates fear of new increases in interest rates." In addition, inflation is "far from its objective", so new rate increases could be applied.
In this sense, the Central Bank of Canada and Europe have left their monetary policy unchanged, "since they consider that rates are at a sufficiently restrictive level to progressively bring inflation to its objective." In Spain, GDP has reached 1.8%, slightly better than expected, but at a slower pace than in recent quarters.
Next week will continue to be marked by the evolution of geopolitical conflicts, the prospect of new increases in interest rates and business results. Among the most notable data are the eurozone CPI, the rate decision of the United States Federal Reserve (Fed) and employment data in that country.
Regarding business results, in the US they publish McDonald's, Pfizer, AMD, Qualcomm and Apple, and in Spain Unicaja, BBVA, Ferrovial, Endesa, Redeia, Indra, Aena, Grifols, Sacyr, Meliá and Acerinox.
Returning to the Spanish selective, Sabadell has once again been the bullish value of the day this Friday, with a revaluation of 3.58%, after rising 6.01% yesterday. They have been followed by CaixaBank (2.26%), ACS (2.05%), Colonial (1.68%), Aena (1.36%) and Ferrovial (1.13%). On the opposite side, Mapfre (-2.61%), Fluidra (-2.38%), Inditex (-2.25%), Bankinter (-2.21%) and Repsol (-2.00) were placed %).
Most of the main European stock markets have recorded losses in today's session, especially Paris, which lost 1.36%. Behind, London fell 0.86% in the session, Milan, 0.80% and Frankfurt, 0.30%.
For its part, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 88.95 dollars, 1.18% more, while Texas rose 1.19%, to 84 ,15 dollars.
In the foreign exchange market, the price of the euro appreciated 0.27% against the dollar, to 1.0591 greenbacks, while the interest on long-term Spanish debt stood at 3.920% after subtracting four basis points, while the risk premium (the spread with the German bond) remained at 110.5 points.
