The Ibex is trading almost flat in the mid-session, weighed down by the 4.9% drop in Santander

MADRID, 5 Feb.

The Ibex is trading almost flat in the mid-session, weighed down by the 4.9% drop in Santander


The Ibex 35 stood at 10,055.3 points in the mid-session, which implies a decrease of 0.07% compared to Friday, mainly due to the large fall of Banco Santander (-4.87%), since the majority of securities were trading positively.

The 'punishment' of Santander on the stock market occurred after the British newspaper 'Financial Times' reported that Iran had used accounts in said bank and at Lloyds to avoid international sanctions.

According to the business newspaper's investigation, both banks provided accounts to companies that were owned by Petrochemical Commercial Company, a firm owned by Iran. The United States has accused the company of having raised funds for the Quds Force, a division of Iran's Revolutionary Guard.

A Santander spokesperson assured Europa Press: "We cannot comment on clients. Santander complies with its legal and regulatory obligations, and we pay close attention to regulatory compliance with sanctions imposed on third parties."

In the business field, Acerinox reported this Monday that it has purchased the American Haynes Internacional for 798 million dollars (740.3 million euros).

For its part, Logista obtained a net profit of 73 million euros in its first fiscal quarter of 2024 (October to December 2023), a figure 21.9% higher than the same period of the previous year.

In the macro area, S

Likewise, the Organization for Economic Cooperation and Development (OECD) has revised its growth forecast for Spain in 2024 upwards by one tenth, which it now estimates at 1.5%, after the 2.5% expansion in 2023. , while maintaining the expectation of a rebound in activity to 2% by 2025.

Acerinox led the advances in the Stock Market this Monday towards the mid-session (4.53%), ahead of Acciona Energía (2.70%), Solaria (2.23%), Ferrovial (1.92%), Unicaja (1 .92%), Iberdrola (1.90%) and Logista (1.77%).

On the other hand, behind Santander (-4.87%) were Cellnex (-1.06%), Repsol (-0.92%), ArcelorMittal (-0.80%), Inditex (-0.61 %) and Amadeus (-0.12%).

In the rest of the European markets there was a positive evolution towards the mid-session. London advanced 0.32%; Paris, 0.02%; Frankfurt, 0.20%; and Milan, 1.15%.

A barrel of Brent was trading at $76.97, 0.47% less, while West Texas Intermediate (WTI) fell 0.64%, to $71.82.

In the debt market, the yield on the Spanish bond with a 10-year maturity stood at 3.186%, compared to 3.168% on Friday. In this way, the risk premium against German debt registered a decrease of 1.6 points, to 91.1 basis points.

In the foreign exchange market, the euro depreciated 0.32% against the dollar, until trading at an exchange rate of 1.0753 'greenbacks' for each unit of the community currency.