The Ibex 35 struggles to maintain 8,000 points in the mid-session

MADRID, 10 Nov.

The Ibex 35 struggles to maintain 8,000 points in the mid-session


The Ibex 35 index of the Madrid Stock Exchange fell 0.46% in the mid-session this Thursday and struggled to maintain the 8,000-point barrier, on a day marked by the publication of business results and the inflation data from the United States. Joined.

Bankinter analysts point out that if inflation declines, as expected, and there is no political conflict in the United States due to an electoral outcome less favorable than expected for the Republicans, the tone of the market could improve and the risks could begin to move to the low.

At the business level, ArcelorMittal has announced a net profit of 9,000 million dollars (about 9,020 million euros) in the first nine months of 2022, which represents a drop of 17% compared to the same period last year, while Siemens Gamesa triggered its losses in its fiscal year 2022 (October 2021-September 2022) to 940 million euros, which is almost 50% more than 'the red numbers' of 627 million euros from the previous year.

At twelve noon, the Ibex 35 was down 0.46% and stood at 8,003.4 points, with Inditex (-2.67%), Santander (-1.61%), Meliá (-1.31 %), Fluidra (-1.24%), Repsol (-0.95%) and Arcelormittal (-0.87%) at the head of the declines.

On the positive side, Solaria (1.96%), Sabadell (1.09%), PharmaMar (0.8%), IAG (0.68%), Iberdrola (0.58%) and CaixaBank (0. 31%).

The rest of the main markets of the Old Continent were also trading negative in the mid-session, with the exception of Milan (0.07%). The decreases were 0.39% in London, 0.76% in Paris and 0.22% in Frankfurt.

Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 91.97 dollars, with a decrease of 0.76%, while Texas stood at 84.92 dollars, with a drop of 1.06%.

Finally, the price of the euro against the dollar stood at 0.9938 'greenbacks', while the Spanish risk premium stood at 104 basis points, with the interest required on the ten-year bond at 3.224%.