Ibex 35 closed the session down 0.14% at 18,857 points, while the European Central Bank kept interest rates at 2.5%. Bank results weighed on the Spanish index.
According to El Confidencial, the European Central Bank left interest rates unchanged at 2.5%, halting the cycle of increases despite rising inflation. European stock markets advanced overall, but the Ibex 35 was the exception.
The Governing Council debated whether to raise rates, although the decision was unanimous to maintain them, as indicated by the institution's president, Christine Lagarde. The Federal Reserve also kept its rates unchanged the previous day, although several of its members advocated for a 25 basis point increase.
The Ibex 35 reduced its morning decline to close down 0.14% at 18,857 points. The index suffered due to bank results: BBVA lost 2.58% despite exceeding 9 billion euros in profit, Santander fell 1.18%, CaixaBank 1.72%, Unicaja 1.62%, and Sabadell 0.23%. Naturgy dropped 1% despite raising its targets for 2026.
Conversely, Ferrovial rose 3.8%, Indra 3.55%, Repsol 3.05%, and Cellnex 2.88%. In Europe, the German Dax rose 1.31%, the French Cac 1.05%, and the British Ftse 100 0.26%. Oil fell to 113.5 dollars and natural gas dropped over 2% to 97 euros per megawatt hour. The Spanish ten-year bond remained below 4%.
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