The IBEX 35 revives the All Souls’ Day with Inditex, Iberdrola and Santander
The IBEX 35 rises this Thursday. 2 November, up 2.04% and above the 9,200 point level, on All Souls’ Day, a day on which it revived and began to recover the heavy losses suffered in a bad month of October. Driven by the advance of the international markets in their general context, in the domestic context, however, the rises of more than 2% in the three largest stocks by capitalisation of the Spanish stock market, Inditex, Iberdrola and Banco Santander, were decisive.
The main indicator of the national stock exchange, the IBEX 35, has gained 185.4 points, that 2.04 % (the biggest rise since 10 October), to 9,260.4 points, a level it had lost a fortnight ago. It is up 12.53 % for the year.
In Europe, with the euro at 1.062 dollars and a rise of 0.4 %, Paris gained 1.85 %, Milan 1.76 %, Frankfurt 1.48 % and London 1.42 %. All also recorded their highest gains since 10 October.
Fed keeps interest rates unchanged
The price of money held steady yesterday at 5.5 % in the United States and Wall Street rose (Dow Jones Industrials index 0.67 %, S&P 500 1.05 % and Nasdaq Composite 1.64 %).
In Asia, early this morning Tokyo gained 1.1 % as the yen continued to depreciate, and Seoul 1.81 %, while Hong Kong’s interest rate hold at 5.75 % helped its stock market to rise 0.75 %. Shanghai, on the other hand, fell 0.45%.
Against this backdrop and some corporate results (Grifols and Aena were released today), the domestic market began the day above 9,100 points.
Manufacturing activity in Germany improved last month, still in contraction, and fell slightly in the euro zone. Unemployment in Germany rose by one tenth of a percentage point in October to 5.8 %, followed by news that UK rates were unchanged at 5.25 %.
Before Wall Street opened, weekly US jobless claims rose slightly, from 212,000 to 217,000, US productivity rose in the third quarter and labour costs fell by 0.8%. September factory orders also rose by 2.8%.
Wall Street opens higher
As Wall Street opened higher, the Spanish stock market consolidated the 9,200 point mark and headed towards the next hundred points.
The New York Stock Exchange was up more than 1 % at the national close, and the Spanish stock market regained the 9,200-point mark with the best daily performance in almost four weeks. Brent Crude oil rose 2.2 % to 86.5 dollars.
All the major stocks have risen: Banco Santander 2.41%, Inditex 2.18%, Iberdrola 2.04%, Telefónica 1.5%, Repsol 1.05% and BBVA 0.61%.
Grifols recorded the biggest rise in the IBEX 35, but the most significant rises were those of Inditex, Iberdrola and Banco Santander.
The biggest rise on the IBEX and the stock market was for Grifols, 12.83%, while Inmobiliaria Colonial gained 6.69%; Merlin Properties 6.23% (both helped by the maintenance of interest rates), Aena 5.46% and Acciona Energía 4.86%.
Only three IBEX companies ended with losses: Rovi 3.61 %, Indra 1.05 % and Caixabank 0.29 %.
Shares worth 989 million euros were traded on the continuous market. After Grifols, Pescanova rose 7 % and Squirrel fell 6.43 %.
The interest rate on Spanish long-term debt fell by almost seven hundredths of a point to 3.762%, a level similar to that of 20 September. The risk premium fell from 107 to 105 basis points.
The gold price was little changed from the previous day’s close at 1,982 dollars.
