The Ibex 35 closes at 19,285 points driven by banking, while Brent rebounds by 2% following the Kremlin's denial about the energy ceasefire between Russia and Ukraine.
European stock markets have started the week with widespread gains, in a session marked by easing tensions in bonds and a shift in oil prices. The Ibex 35 has closed at 19,285 points after rising 1.33%, the best record among the main markets on the continent, according to elconfidencial.com.
The rebound in banking has been the main driver of the Spanish index. Santander has advanced 2.03%, BBVA 1.86%, and Bankinter 1.83%. The largest gains were seen in Indra (+3.87%), Acciona Energía Renovable (+3.77%), and Cellnex (+2.89%), the latter benefiting from the acquisition of new frequencies from SpaceX in the United States.
On the losing side, Acerinox has dropped 2.21% and Repsol 1.05%.
The Brent, a benchmark in Europe, has turned around after the Kremlin contradicted Donald Trump regarding the energy ceasefire between Russia and Ukraine. Crude oil has risen by just over 2% and is trading near 107 dollars per barrel.
The advance of the Ibex 35 has comfortably outperformed other European markets. The Dax in Germany has risen 0.8% and the Cac in France 0.4%. Across the Atlantic, Wall Street is mixed: the Nasdaq is down 0.2% while the S&P 500 is up 0.1%.
Among the most active stocks of the session, Berkeley has surged over 23% after closing Friday with a rise of more than 14%. The company will propose at its shareholders' meeting on November 18 the appointment of José Bogas, former CEO of Endesa until April, as a director.
Nordex has highlighted a 3.5% increase after securing orders in the first three quarters for a capacity of 7.7 gigawatts, a 16.1% increase compared to a year earlier. In the third quarter, order intake rose by 29.5%, reaching 2.8 gigawatts.
You may also like
