MADRID, 25 Abr. (EUROPA PRESS) –
The Ibex 35 has started the session this Tuesday with a drop of 0.64%, which later expanded to more than 0.9%, weighed down by the banks, especially by Santander which, after presenting results early in the morning , gave up almost 3% in the early stages of the session.
With this initial fall, the selective has lost the level of 9,400 points after closing slightly above this figure yesterday. Specifically, the Madrid parquet stood at 9,346 points at the start of the day, which will once again be marked by the season of business results.
In fact, today those of Santander and Enagás have been known before the opening of the market. The bank chaired by Ana Botín obtained net attributable profit of 2,571 million euros in the first quarter of 2023, which represents an increase of 1.1% compared to the same period last year.
If counting the impact of the temporary tax on bank income, Santander’s net result would have been 2,795 million euros, which would mean an advance of 10%.
In the case of Enagás, its quarterly net profit was 54.6 million euros, which represents a drop of 21.2% compared to the 69.3 million euros in the first quarter of 2022, due to lower regulated income derived from the ‘snip’ in the regulatory framework of the National Commission for Markets and Competition (CNMC) for the period 2021-2026.
In addition, the gas company and Elecnor announced early this Tuesday the closing of the joint sale of the companies Gasoducto de Morelos and Morelos O
Outside of Spain, investors will learn on Tuesday the results of Microsoft, Pepsico, General Electric, Anglo American and McDonalds, among other companies, and macro data such as Portugal’s first-quarter GDP, and new home sales and construction permits. in United States.
Pending next week’s central bank meetings, markets will be watching today for a webcast intervention by Andrea Enria, Chairman of the Supervisory Board of the European Central Bank (ECB).
Last night, Isabel Schnabel, a member of the ECB Executive Committee, did not rule out a 50-point rate hike in May, although she qualified that this will be taken based on the data received. “Taking the data into account means that a rise of 50 basis points cannot be ruled out,” said Schnabel, who also added that the final rate of interest rates will depend on the information received by the institution.
At the opening of the Stock Market this Tuesday and within the Ibex 35, the biggest falls were recorded by the banks, starting with Santander, which lost 2.96%. They were followed by Sabadell, with a decrease of 2.1%; Unicaja (-2.07%), BBVA (-2.04%) and CaixaBank (-1.69%).
Among the values that have dawned positive are Repsol and Cellnex, which rose 0.18% in both cases.
Like Madrid, the main European stock markets opened this Tuesday with decreases: Paris and Milan fell 0.6%, while London fell 0.4% and Frankfurt fell 0.1%.
At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, remained stable at 82.57 dollars, the same as Texas, which remained around 78.78 dollars.
In the currency market, the price of the euro against the dollar stood at 1.1042 ‘green bills’, while in the debt market, the interest required on the 10-year Spanish bond dropped to 3.500%.
