The Ibex 35 is trading down 0.57% at 18,776.20 points at midday, as the market follows corporate results and the upcoming decision from the European Central Bank.
The Ibex 35 was trading at midday this Thursday with a decline of 0.57%, down to 18,776.20 points. According to Europa Press, the Spanish index is affected by the publication of corporate results and the expectation for the upcoming meeting of the European Central Bank (ECB) regarding interest rates.
Across the Atlantic, the Federal Reserve kept rates in the range of 3.75% to 4%, as analysts had anticipated, on the eve of the midterm elections in the United States. Markets are pricing in that the ECB will maintain its rate at 2.5%, although a hike is expected in December.
In the face of energy crises, the ECB's strategy is not to react to energy prices, but to respond to the risk that rising prices will feed into inflation
This quote belongs to Konstantin Veit, portfolio manager at Pimco. Meanwhile, the president of the ECB, Christine Lagarde, will leave office on 7 February 2027, as confirmed by the institution after communicating her decision to the Governing Council and the President of the European Council, António Costa.
In the corporate sector, Banco Sabadell reported a net profit of 1.376 billion euros in the first nine months, 1% less than a year earlier, with the contribution from TSB for four months. BBVA increased its attributable net profit to 9.066 billion euros, a rise of 13.6%.
Indra earned 355.5 million euros until September, a 22% increase. Repsol achieved a profit of 5.006 billion euros, a 325% increase, driven by the revaluation of stocks in a context of rising oil prices due to the conflict in the Middle East. Naturgy recorded 1.758 billion euros, a 5.4% increase, and expects record earnings of around 2.2 billion euros in 2026.
During the session, Indra (+3.10%) and Repsol (+2.91%) led the gains, while BBVA fell 4.59% and led the declines. Outside Spain, the Cac 40 rose 0.84% and the Dax 0.80%, while only the Italian FTSE MIB dropped 0.29%.
The price of Brent was trading at 114.10 dollars, down 1.06%, and WTI at 101.51 dollars. The Spanish risk premium stood at 61.55 basis points and the euro fell 0.10% against the dollar, down to 1.1143 dollars.
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