The Ibex 35 slows its advance in the mid-session and stands at 11,850 points

MADRID 28 Oct. () –

The Ibex 35 was trading at 11,850.7 points in the mid-session on Monday, which represents an increase of 0.32% compared to Friday’s close and a slight correction with respect to the 0.6% advance that had been observed in the opening.

The market has started the week with its sights set on the publication of company results. In the Spanish market, Santander, Mapfre, Endesa, Aena, Naturgy, CaixaBank, BBVA, Banco Sabadell and Indra stand out, among others.

At the international level, the accounts of large multinationals will also be known, especially the technology companies AMD, Intel, Alphabet, Meta, Apple or Amazon.

In the macro sphere, this Monday it was learned that retail trade registered an increase in sales of 1.7% in September compared to the same month in 2023, a rate 1.4 points lower than that of the previous month.

In this context, Fluidra led the advance of the selective (+1.99%), ahead of ArcelorMittal (+1.53%), Ferrovial (+1.34%), Logista (+1.16%), Amadeus ( +1.13%), Mapfre (+1.11%), IAG (+0.98%) and Solaria (+0.89%).

Only seven stocks were trading negative in the mid-session: Grifols (-3.86%), Repsol (-2.13%), BBVA (-0.33%), Cellnex (-0.31%), Acciona Energía ( -0.25%), Acciona (-0.08%) and Endesa (-0.05%).

The evolution in the mid-session was uneven among the rest of the main European stock markets. London fell 0.17%; Frankfurt fell 0.15%; and Milan fell 0.05%. Paris advanced 0.18%.

After a new wave of uncertainty stemming from the conflict between Israel and Iran, the barrel of Brent fell 5.65%, to $71.75, while West Texas Intermediate (WTI) stood at $67.57, a 5.87% less.

Specifically, Israeli planes attacked military targets in Iran last Saturday in retaliation for a missile attack earlier this month, although the response was more moderate than expected and avoided oil, nuclear and civil infrastructure.

In the debt market, the yield on the Spanish bond with a 10-year maturity stood at 2.980% in the mid-session, from the 2.997% recorded at the close of Friday. In this way, the risk premium against German debt fell seven tenths, to 69.8 basis points.

In the foreign exchange market, the euro was trading in the mid-session appreciating 0.19% against the dollar, reaching an exchange rate of 1.0816 ‘greenbacks’ for each unit of the community currency.