Neither the results nor the announcements of more dividends save the IBEX 35
The national benchmark, the IBEX 35, has dropped 22 points, that 0.24%, to 8,962.8 points. In the year it accumulates a gain of 8.92 %.
In Europe, with the euro at 1.053 dollars and a fall of 0.35 %, only Milan has risen, 0.29 %, while Frankfurt has lost 1.08 %, London 0.81 % and Paris 0.38 %.
The Spanish market has spent the whole day down and has come to lose more than 1% and the level of 8,900 points at some point in the session, conditioned by the meeting of the European Central Bank (ECB), which has kept interest rates at 4.5% to consider that inflation is easing, a decision expected by the markets, concerned about the risks of recession in the euro area, according to XTB analyst Felipe Fernandez.
The start of the day had been conditioned by the fall on Wall Street the day before (the Dow Jones Industrials index down 0.32%, the S&P 500 down 1.43% and the technology Nasdaq down 2.43%, affected by the fall of Alphabet after presenting results).
In Asia, only Shanghai rose 0.48%, while Seoul fell 2.71%, Tokyo 2.14% and Hong Kong 0.24%.
The ECB maintains interest rates
While awaiting the ECB’s decision, the domestic market was also affected by some corporate results, the fall in US futures and the increase in debt yields (the national bond rose to 4.04%).
Investors were also watching a number of US economic data, such as third quarter GDP, weekly jobless claims and durable goods orders.
The 1.2% GDP growth has shown, according to the XTB expert, “the strength of the US economy” and “has fueled the debate about a further increase in interest rates, which has contributed to the uncertainty in the markets. The interest rate gap between the US and Europe could widen, which could weigh on the euro.
In addition, US durable goods orders rose in September and weekly jobless claims rose from 200,000 to 210,000.
In this situation, the New York stock market gave up 0.4 % at the end of trading in the Spanish stock market, which tried not to move too far from the 9,000 point mark, which helped the banks, whose sector index advanced 1.5 %.
Brent crude oil, the benchmark in Europe, fell 1.63 % to 88.66 dollars.
Of the IBEX 35 majors, only Banco Santander and BBVA were spared.
Inditex ranked third in the IBEX in terms of losses (-2.05%); Repsol, fifth (-1.49%); while Telefónica lost 0.42% and Iberdrola, 0.05%. Banco Santander advanced 1.44% and BBVA 0.43%.
The biggest fall in the IBEX corresponded to Cellnex, 2.52%, while Amadeus lost 2.29%, followed by Inditex, while Aena lost 2% and then Repsol, which published its accounts today.
The results placed Banco Sabadell at the top of the IBEX in terms of gains (6.01 %); Fluidra advanced 4.4 %, unicaja 2.6 %, Caixabank 2.4 % and IAG 2.27 %.
Securities worth 895 million euros were traded on the continuous market. Squirrel led the losses (-9.15 %) and Nextil the gains (6.75 %).
The yield on Spanish long-term debt fell by just over three hundredths of a point to 3.963%. The risk premium remains at 111 basis points.
The price of an ounce of gold was up 0.3 % to 1,985.5 dollars.
