economy and politics

The Ibex 35 rises 0.2% at midday, but hesitates to maintain the 11,800 integers, pending the US

The Ibex 35 rises 0.2% at midday, but hesitates to maintain the 11,800 integers, pending the US

MADRID 5 Nov. () –

The Ibex 35 registered an increase of 0.2% at midday this Tuesday, reaching 11,830.2 points, on a day marked by the holding of the presidential elections in the United States.

The Spanish selective has started the current day with doubts and on several occasions has lost the level of 11,800 integers, although in the middle section it opts to advance above that level with the help of Repsol and Bankinter, the most bullish values .

Banca March experts have assessed in a report in relation to the United States elections that “although the voting ends today, it is most likely that uncertainty will remain for several days and we will not know who will be president until a couple of weeks later.” .

Investors are also awaiting the monetary policy meeting of the United States Federal Reserve (Fed), which will be held this Thursday and for which the market predicts a new quarter-point interest rate cut.

In Spain, at the start of the day, it was known that unemployment rose by 26,769 people in October, weighed down by the services sector and exceeded 2.6 million, while Social Security gained an average of 134,307 contributors.

For its part, the Public Treasury has placed 4,956 million euros in six- and twelve-month bills this Tuesday, in the high range expected, and has done so by raising the one-year profitability, but reducing it in the case of six-month bills. months, according to data from the Bank of Spain.

Under the business umbrella, still marked by the presentation of results, Ibercaja has reported that it recorded an attributable net profit of 252 million euros during the first nine months of this year, which represents a decrease of 10% compared to the same period of 2023, without counting extraordinary ones.

Coca-Cola Europacific Partners, on the other hand, achieved revenues of 15,186 million euros during the first nine months of this year, which represents an increase of 10.2% compared to the same period in 2023, as reported by the company. which has announced an interim dividend of 1.23 euros to be distributed in December.

In addition, Ferrovial has announced that the interim dividend that it will distribute in December will be 0.4597 euros for each existing share of the company with a nominal value of 0.01 euros, which represents an increase of 7.4% compared to the dividend delivered. last year, which was 0.428 euros.

In the middle section of trading this Tuesday, the biggest increase within the Ibex 35 was recorded by Bankinter, which rose 1.76%, followed by Repsol (+1.62%), Unicaja (+1.34%). , Acciona Energía (+0.87%) and Banco Sabadell (+0.78%).

On the other hand, CaixaBank led the group of eleven stocks that recorded losses, depreciating 1.71% (affected by the ‘ex-dvidendo’ effect), followed by Puig (-0.88%), Redeia (-0.66% ), Rovi (-0.64%) and Enagás (-0.54%).

The main European stock markets also opted for slight advances at midday: Paris added 0.14%; Frankfurt 0.15%; Milan 0.27% and London 0.35%.

At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, stood at 75.44 dollars, 0.48% more, while Texas rose 0.49%, to 71 $.81.

In the currency market, the price of the euro against the dollar stood at 1.0895 ‘greenbacks’, 0.15% more, while in the debt market, the interest required on the 10-year bond was It stood at 3.145% after adding half a tenth, with the risk premium with respect to the German bond at 72 points.

For its part, the troy ounce of gold rose 0.1%, to $2,740, while bitcoin rose 2.6% and tried to recover the level of $70,000 it reached in recent days.

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