The IBEX 35 rose 1.02% on Thursday, breaking five sessions of falls, encouraged by the advances of the big banks after the large dividend increases announced by Banco Santander and BBVA, which, after Solaria, are the stocks that have risen the most on the IBEX 35, with increases of 4.45% and 3.25%, respectively.
The IBEX 35, the main selective Spanish stock market, has added 94.9 points, that 1.02%, to 9,426.8 points and in the year accumulates a rise of 14.55%. The rest of the European stock markets also ended the session with gains, although smaller than those in Madrid due to the difference between Santander and BBVA. Frankfurt gained 0.7%, Paris 0.63%, Milan 0.54% and London 0.11%. For its part, the Eurostoxx 50, which groups together the main European companies, rose 0.72%.
The stock market started the session with rises, although minutes later it reversed the trend to return to the upward path at mid-session, gains that it managed to maintain until the end of the session after the losses of the previous day (down 0.37%).
The advance CPI
This Thursday, the stock market session has been marked by the inflation data in Spain, which has rebounded to 3.5%, nine tenths more than in August when the rise was 2.6%, due to the increase in electricity and fuel prices.
By contrast, the inflation rate, more important to the ECB than Spain’s, fell in Germany in September to 4.5 % year-on-year, according to provisional figures released on Thursday by the federal statistics office, which said it was the lowest level since the start of the war in Ukraine in February 2022.
Doubts on Wall Street
In the United States, Wall Street opened Thursday in the red and the Dow Jones Industrial Average, its main indicator, was down a slight 0.03%, in an almost flat market, although by the close of European stock markets it had increased its gains to 0.49%.
The US economy grew by half a point in the second quarter, as confirmed on Thursday in its third and latest estimate by the Bureau of Labor Statistics (BEA), which also leaves the estimate of the annual rate at which gross domestic product (GDP) advanced at 2.1 %.
In the commodities market, oil fell 0.31 % to 96.25 dollars a barrel of Brent, the benchmark in Europe, although it remains at high levels after the announcements of cuts by the producing countries and the increase in demand in Asia.
In this context, debt yields continue to climb, with the Spanish ten-year bond at levels of ten years ago, closing at a yield of 4.017% after a rise of 8.1 basis points; while the German ten-year bond, considered the safest, has rebounded 9.1 basis points to 2.927%.
Solaria, the highest riser on the IBEX 35, but BBVA and Santander are the ones reviving the market.
In the IBEX 35, Solaria was the stock that rose the most, up 7.96% after presenting its results. Santander gained 4.45%, the second largest gain on the IBEX, and BBVA 3.25%, the third largest gain on the index, after announcing higher dividends.
In the rest of the large stocks, Inditex gained 1.63%; Repsol, 1.06% and Telefónica, 0.08%. On the other hand, Iberdrola fell 0.56%.
The stock that fell the most on Thursday was Cellnex, down 3.25 %, followed by Naturgy, down 1.09 %.
In the currency market, the euro rose 0.65% to trade at 1.057 dollars.