economy and politics

The Ibex 35 gives up 0.32% but holds 11,800, with CaixaBank at historical highs

The Ibex 35 gives up 0.32% but holds 11,800, with CaixaBank at historical highs

MADRID 4 Nov. () –

The Ibex 35 closed this Monday’s session down 0.32%, standing at 11,805.1 points, despite the fact that for much of the session the index was trading positively.

Investors’ attention is completely focused on the presidential elections in the United States, which will take place this Tuesday, and the presentation of business results.

“What really matters to investors is the evolution of the cycle and business results, beyond the volatility that political uncertainty may impose in the short term,” explained Renta 4 analysts.

In addition, investors are also awaiting the monetary policy meeting of the United States Federal Reserve (Fed), which could apply a rate cut of 25 basis points, and the National People’s Congress of China, from which they could emerge. new economic stimuli.

In this context, CaixaBank has risen 2.85% in the session, after having published its accounts last Thursday. The bank has reached 5,854 euros per share at closing, which represents a new historical high for the financial institution’s price.

Behind them were Acciona (+2.53%), BBVA (+1.44%), Unicaja (+1.27%), Repsol (+1.25%), Acciona Energía (+1.20%) , Solaria (+1.14%) and Bankinter (+1.05%).

On the opposite side, Naturgy has been the value that has fallen the most due to the ‘ex-dividend’ effect (-2.85%). They are followed by Rovi (-2.75%), Ferrovial (-2.63%), Puig Brands (-2.49%), Aena (-2.04%), Indra (-1.70%) and Redeia ( -1.53%).

Among the main European stock markets, only London closed the day positively, rising 0.09%. Paris has fallen 0.50%; Frankfurt, 0.56%; and Milan, 0.39%.

Regarding the raw materials market, a barrel of Brent stood at $74.76 at the close of the European session, up 2.27%, while West Texas Intermediate (WTI) reached $71.18, up 2.27%. .42% more.

In the debt market, the yield on the Spanish bond maturing in 10 years has stood at 3.101%, from 3.121% recorded at the close of Friday. In this way, the risk premium against German debt has fallen by eight tenths, to 70.8 basis points.

The euro appreciated 0.46% against the dollar at the close of the European session, until trading at an exchange rate of 1.0882 ‘greenbacks’ for each unit of the community currency.

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