economy and politics

The Ibex 35 falls 1.7% in October and loses 11,700 points after touching 12,000 during the month

The Ibex 35 falls 1.7% in October and loses 11,700 points after touching 12,000 during the month

MADRID 31 Oct. () –

The Ibex 35 closed the month of October with a fall of 1.7%, reaching 11,672.6 points, despite the fact that during the month it almost closed above 12,000 points.

Only during the day this Thursday, the selective of the Spanish stock markets and markets registered a fall of 0.36%.

“The Ibex 35 ends without major shocks, with a performance superior to the rest of its European counterparts, although far from the level of 12,000 points, due to the fall of companies linked to raw materials, to sectors dependent on interest rates and some of the heavyweights of the selective, who have suffered a break in their upward trend of the year”, indicated XTB analyst Manuel Pinto.

This Thursday the accounts for the first nine months of this year of, among other companies, BBVA, Banco Sabadell, CaixaBank, Repsol and Fluidra were released.

Under the macroeconomic umbrella, the Policy Council of the Bank of Japan (BoJ) has unanimously decided to maintain the reference interest rate for unsecured overnight loans at around 0.25% due to the need to evaluate the evolution of foreign economies, particularly that of the United States, which holds presidential elections on November 5.

On the European front, it has been published that the interannual inflation rate of the euro zone would have stood at 2% in October, three tenths above the rise in prices observed in September and in line with the stability goal of the European Central Bank (ECB), according to the first estimate of the data published by Eurostat.

Likewise, the eurozone unemployment rate stood at 6.3% in September, unchanged from the previous month and at its lowest since the beginning of the series in 1999, while in the EU as a whole the figure remained unchanged. stable at 5.9%, also its lowest level since records began, according to data published by Eurostat, which indicates Spain as the country with the highest unemployment rate, with 11.2%.

In this way, at the end of the day Fluidra was the main bullish value (+7.11%), ahead of Unicaja (+3.50%), Redeia (+3.16%), Banco Santander (+1, 86%), CaixaBank (+1.27%) and Endesa (+0.89%).

On the opposite side were Acciona EnergĂ­a (-2.82%), Indra (-2.70%), Inditex (-2.61%, affected by the ‘ex-dividend’ effect), Acciona (-2.49 %), Colonial (-2.28%) and Naturgy (-2.14%).

This Thursday the stock markets of the Old Continent were trading negative. London has fallen 0.61%; Paris, 1.05%; Frankfurt, 0.93%; and Milan, 0.64%.

A barrel of Brent stood at $73.13 at the close of the European session, up 0.80%, while West Texas Intermediate (WTI) was trading at $69.06, up 0.66%.

In the debt market, the yield on the Spanish bond maturing in 10 years has stood at 3.096%, from 3.097% recorded at the close of Wednesday. In this way, the risk premium against German debt has fallen four tenths, to 70.5 basis points.

Regarding currencies, the euro was trading flat at the end of the European session, until trading at an exchange rate of 1.0858 ‘greenbacks’ for each unit of the community currency.

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