The Ibex falls 0.74% in the mid-session, but holds at 9,100 points with Bankinter triggered

MADRID, 19 Oct.

The Ibex falls 0.74% in the mid-session, but holds at 9,100 points with Bankinter triggered


The Ibex 35 marked a decline of 0.74% in the mid-session this Thursday, which has led the selective to lose the level of 9,200 points at which it closed yesterday - although it retains the 9,100 points that it has been close to. from losing in the first stages of the negotiation -, until reaching 9,143.2 integers, with Bankinter skyrocketing (4%) after presenting results, but with Inditex (-2%) and Repsol (-1.7%) exercising a considerable downward pressure.

The day is once again marked by the uncertainty of the implications of the conflict between Israel and Hamas (yesterday the president of the United States, Joe Biden, visited the Jewish country and reaffirmed his support for it), and in the midst of the start of business results in Spain.

Before the opening of the Madrid selective, it was known that Bankinter closed the first nine months of 2023 with an attributable net profit of 685 million euros, which represents an increase of 59% compared to the same period of the previous year, while its price stock market rose 4% at midday.

The markets will be awaiting 'macro' references in the United States, such as weekly unemployment claims and the index of leading indicators, as well as the publication of the accounts of companies such as AT

With the Madrid stock market already closed, investors will listen to the intervention of the president of the United States Federal Reserve (Fed), Jerome Powell, who could reveal some clues regarding monetary policy, after meeting yesterday - with the market already closed - that the outlook for short-term 'macro' developments in the US suggests that growth will be stable or weaken slightly, according to the Fed's Beige Book.

In the middle section of this session, the biggest increases within the Ibex 35 were recorded by Bankinter (4%) and, far behind, Caixabank (1.14%), Banco Sabadell (1%) and Redeia (0.74% ), while on the opposite side the most prominent 'red lanterns' were Grifols (-2.75%), Cellnex (-2.65%), Inditex (-2%) and Repsol (-1.72%).

The main European markets also recorded falls in the mid-session: Frankfurt lost 0.15%; Paris 0.56%; London 0.75% and Milan 0.87%.

At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, narrowly lost the level of 90 dollars, 1.77% less, while that of Texas fell 1.53%, up to $86.97. A provisional respite after the increases in recent days due to 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 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 appreciated one tenth against the dollar, up to 1.0547 'greenbacks', while the interest on long-term Spanish debt subtracted one basis point and was placed at 4.041%, with the risk premium (the differential with the German bond) at 112 points.