Here’s how Ibex 35 started this Tuesday session: 0.64% decreaseThe banks’ weight, which later rose above 0.9%, was under pressure, particularly by Santander, who lost almost 3% in the early part of the session after presenting first-morning business results.
With this first drop, the selective lost 9,400 points after closing just above this figure yesterday. Specifically, the Madrid parquet 9,346 points At the start of the day, business results will once again mark the season.
In fact, those of Santander and Enagás today were known before the market opened. Headed by Ana Botín, the bank posted an attributable net profit. 2,571 million euros It represents an increase of 1.1% in the first quarter of 2023 compared to the same period of the previous year.
Considering the effect of the provisional tax, bank income, Santander’s net result would be 2,795 million euros, a 10% improvement.
In the case of Enagás, its quarterly net profit was € 54.6 million, which is 21.2% compared to € 69.3 million in the first quarter of 2022 due to lower regulated revenue from the ‘snip’ in the regulatory framework. represents a decline. National Markets and Competition Commission (CNMC) for the period 2021-2026.
In addition, the gas company and Elecnor announced earlier this Tuesday that the joint sale of the companies is closing. Gas pipeline of Morelos and Morelos O&M into a fund managed by the chapter in Mexico Macquarie Asset Management of Macquarie Group Limited a total of $190 million (approximately 173 million euros).
Outside of Spain, investors will know the results on Tuesday Microsoft, Pepsico, General Electric, Anglo American and McDonald’samong other companies and macro data such as Portugal’s first quarter GDP and new home sales and building permits in the United States.
Until next week’s central bank meetings, markets will be watching the intervention in a webcast today. Andrea EnriaChairman of the Supervisory Board of the European Central Bank (ECB).
Last night, Elizabeth SchnabelA member of the ECB Executive Committee did not rule out the possibility of a 50-point rate hike in May, although he indicated that it would be taken, based on the data received. “Taking into account the data means that a 50 basis point increase cannot be ignored,” said Schnabel, adding that the final interest rate will depend on the information the institution receives.
Bank aggravates Ibex
Biggest drops in Stock Market opening and Ibex 35 this Tuesday, Santander, lost 2.96%. they followed him sabadelldown 2.1%; unicaja (-2.07%), BBVA (-2.04%) and Caixabank (-1.69%).
It stands out positively among the emerging values reply and Cellnexincreased by 0.18% in both cases.
Like Madrid, Europe’s main stock markets opened lower this Tuesday: Paris And Milan falling 0.6%, London gave 0.4% and Frankfurt fell 0.1%.
At the stock market opening, oil barrel price Brent quality, the benchmark for the Old Continent, held steady at $82.57, while Texas held around $78.78.
Inside forex marketWhile the price of the euro was traded at 1.1042 ‘green ticket’ level against the dollar, the interest demanded on the 10-year Spanish bond in the debt market decreased to 3.500 percent.