The Ibex trades almost flat in the mid-session, above 10,120 points

MADRID, 26 Feb.

The Ibex trades almost flat in the mid-session, above 10,120 points


The Ibex 35 was trading practically flat in the mid-session, losing just 0.04% compared to Friday's close, reaching 10,126.7 points, so it did not register changes with respect to the market opening.

Although during the first hours of trading the selective has approached the level of 10,100 integers, it has finally bounced back to last week's price level.

CIE Automotive reported this Monday that it recorded a net profit of 320.2 million euros in 2023, which represents an increase of 6.7% compared to the profits of 300 million euros it obtained in 2022. Given the good prospects of the company for the coming years, CIE Automotive has confirmed that it maintains all its commitments for 2025 and points to a possible investment of up to 1.5 billion euros at the end of its strategic plan period.

On the other hand, it has been known that industrial prices decreased by 3.8% last January compared to the same month in 2023, moderating by 2.5 points the decrease registered last December.

For the rest of the week, investors will be watching eurozone consumer confidence and US GDP data due out on Wednesday; as well as inflation in Spain and the CPI and unemployment in Germany, which will be known on Thursday. On Friday, investors will look for clues on the ECB's guidance as euro zone inflation and manufacturing PMI are released.

In this way, towards the middle of the session Grifols was the main bullish value (2.57%), followed by IAG (1.63%), Indra (1%), Banco Sabadell (0.88%), Inditex (0. 85%) and Logista (0.66%).

On the opposite side were Enagás (-3.13%), Solaria (-1.86%), ArcelorMittal (-1.79%), Acciona (-1.67%), Acciona Energía (-1.57%) and Acerinox (-1.12%).

In the rest of the main European markets the evolution was negative in the mid-session. London fell 0.23%; Paris, 0.36%; Frankfurt, 0.05%; and Milan, 0.36%.

For its part, a barrel of Brent stood at $81.35, 0.33% less, while West Texas Intermediate (WTI) fell to $76.27, 0.29% less.

In the debt market, the yield on the Spanish bond with a 10-year maturity stood at 3.267%, compared to the 3.252% recorded at the close of Friday. In this way, the risk premium against German debt reached 88.9 basis points, unchanged compared to Friday.

In the foreign exchange market, the euro appreciated 0.28% against the dollar, registering an exchange rate of 1.0852 'greenbacks' for each unit of the community currency.