Ibex 35 started Wednesday’s session with a slight decrease of 0.07%, which allowed the index to reach 9,360.19 points, remaining below the 9,400 integer level.
Before the opening of the Madrid selective fair, it became known that the confidence of German consumers for October recorded a new deterioration of nine tenths, according to the index prepared by GfK, which stood at -26.5 points. The previous month was 25.6.
In Spain, the National Institute of Statistics (INE) announced at the beginning of the trading day that the number of mortgages established on housing last July decreased by 18.8% compared to the same month of 2022, reaching 29,223 loans with average interest. The rate continued to rise and reached its highest figure since August 2016 at 3.24%.
Investors today will also watch for the intervention of European Central Bank (ECB) Supervisory Board President Andrea Enria in Milan, as well as the release of US durable goods orders and French consumer confidence data.
Telefónica’s board of directors will also meet this Wednesday, predictably, to discuss the entry of the Saudi group STC, which bought a 9.9% stake in the company, as the main shareholder of the Spanish operator.
In addition to the inflation data of Germany and Spain this week, the Gross Domestic Product (GDP) data of the United States, which will be published this Thursday, will also be announced. Attention on Friday will focus on the development of the UK economy, inflation in the euro zone and unemployment in Germany.
The biggest gains on the Ibex 35 in the early stages of Wednesday’s session were by Unicaja Banco (+1.9%), Acciona (+1.53%), Banco Sabadell (+0.56%) and Repsol (+0.45%). was recorded.
On the other hand, the biggest declines were recorded by Amadeus (-0.94%), Merlin Properties (-0.51%), Naturgy (-0.5%) and Redeia (-0.44%).
Europe’s leading stock exchanges opened this Wednesday with a mixed signal: Milan and Paris rose by 0.02% and 0.08% respectively, while Frankfurt and London fell by 0.2% and 0.09% respectively.
At the opening of the stock market, the barrel price of Brent quality oil, which is the reference for the Old Continent, increased by 0.47 percent to $92.86, while Texas increased by 0.71 percent to $91.03.
While the price of the euro against the dollar in the foreign exchange market increased to 1.0569 ‘dollar’, in the debt market the interest of the 10-year Spanish bond rose to 3.881%.