The Ibex 35 rises 1.3% and recovers 9,400 points a month later in a transitory day

MADRID, 9 Nov.

The Ibex 35 rises 1.3% and recovers 9,400 points a month later in a transitory day


The Ibex 35 closed this Thursday with a rise of 1.31%, which allowed it to conclude the session above 9,400 points - specifically, it ended at 9,405.2 points - something that had not happened since the end last September, in a day marked by the absence of macroeconomic references and business results.

The Spanish market has decided on increases since the opening and has maintained the positive and bullish tone throughout the negotiation - only three securities have closed with losses - to the point of having recorded the largest increase at the closing among the European stock markets. .

Link Securities analysts pointed out this morning in a market report that, in this Thursday's 'macro' agenda, weekly unemployment claims in the United States barely stood out, which have fallen less than expected and reflect a solid labor market .

Likewise, the report pointed out as key to following the speech this afternoon - with the markets already closed - at a forum by the president of the United States Federal Reserve, Jerome Powell; Meanwhile, Wall Street indices were trading flat at closing time in Europe.

For his part, the vice president of the European Central Bank (ECB), Luis de Guindos, has stated in an interview with the Slovenian newspaper 'Finance' that it is "clearly premature" to speak at this time of lowering interest rates due to the risks. which continues to imply inflation.

Within the Spanish business community, it has been known that Almirall registered a profit of 13.6 million euros in the first nine months of the year, 24.8% more than the 10.9 million euros in the same period of 2022, according to informed the company.

Likewise, ArcelorMittal has reported that it obtained an attributable net profit of 3,885 million dollars (3,632 million euros) in the first nine months of 2023, which represents a decrease of 57% compared to the result recorded twelve months earlier, according to The steel company reported this Thursday.

Given this situation, the biggest increases within the Ibex 35 have been recorded by Banco Sabadell (2.8%), Amadeus (2.45%), Acciona (2.11%), Cellnex (1.99%), Endesa ( 1.98%), Caixabank (1.92%), BBVA (1.79%) and Iberdrola (1.77%).

On the other hand, only three stocks closed with declines: ArcelorMittal (-1.64%); Ferrovial (-0.17%) and Bankinter (-0.1%).

The main European stock markets have also ended with gains: London has added 0.73%; Milan 0.74%; Frankfurt 0.81% and Paris 1.13%.

At closing time, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at $80.38, 1.05% higher, while that of Texas rose 0.9%, up to 76 dollars, far from the levels of last October 20, when they were launched above 90 dollars due to the Palestinian-Israeli conflict.

However, both will continue to monitor the escalation of tensions in the Middle East, as well as the situation in Iran, in addition to the pressures related to the conflict in Ukraine and the cut in supplies from Russia and Saudi Arabia.

In the currency market, the price of the euro remained flat against the dollar, at 1.0712 'greenbacks', while the interest on long-term Spanish debt closed at 3.69% after adding three basis points, with the risk premium (the differential with the German bond) at 104.7 points.