MADRID, 27 Oct. (EUROPA PRESS) –
The Ibex 35 began this Friday’s session with a rise of 0.59%, which has led it to recover the psychological level of 9,000 integers, reaching 9,015.69 points, in a day marked by uncertainty about the consequences of the conflict between Israel and Hamas, and the publication of business and GDP results in Spain.
Before the start of the trading day, CaixaBank informed the National Securities Market Commission (CNMV) that it closed the first nine months of the year with an attributed net profit of 3,659 million euros, 48.2% more than in the previous year. same period of 2022, when it earned 2,469 million.
The airline holding company IAG, for its part, obtained a profit after taxes of 2,151 million euros, which represents almost 13 times the profits it recorded in the same period of the previous year.
Mapfre also reported early to the CNMV that it closed the first nine months of 2023 with a net profit of 470.6 million euros, 3.6% less compared to the same period last year, as a result of an extraordinary impact due to the deterioration of the United States business.
In the macro field, at the beginning of this day the progress of the Gross Domestic Product (GDP) in Spain for the third quarter was announced, a period in which the Spanish economy grew by 0.3%, which is one tenth less than in the previous quarter, while moderating its interannual rate by two tenths, from 2% in the second quarter to 1.8% in the third, due to the lower contribution of domestic demand.
In the early stages of this session, the biggest increases within the Ibex 35 were recorded by IAG (3.19%), Banco Sabadell (2.58%) and CaixaBank (2.02%), while on the opposite side the The most notable ‘red lanterns’ were Fluidra (-2.56%), Inditex (-0.57%) and Iberdrola (-0.38%).
The main European stock markets opened this Friday with a mixed trend: Milan rose 0.1%; Paris, 0.08% and Frankfurt, 0.07%, while London lost 0.06%.
At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, was above 89 dollars, 1.56% higher, while Texas rose 1.62%, to $84.56, both affected by the escalation of tensions in the Middle East following the open war between Hamas and Israel, as well as the situation in Iran, in addition to pressures related to the conflict in Ukraine and the cut in the supply of Russia and Saudi Arabia.
In the foreign exchange market, the price of the euro against the dollar stood at 1.0554 greenbacks, while the Spanish risk premium was around 111.5 basis points, with the interest required on the 10-year bond at 3.949%.
