Ibex 35 targets 9,800 points after rising 0.16 percent at the opening

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HE mountain goat 35 This Monday’s session startedfirst day of the week 0.16% increase, This increased selectivity to 9,777.2 points, in a context marked mainly by uncertainty regarding the presentation of business results and the consequences of the conflict between Israel and Hamas.

The Madrid selector closed last Friday’s session on 9,761.4 integersThis meant that it reached the maximum level since February 21, 2020, when it reached 9,886.2 points, which at the time was slightly affected by the Covid-19 crisis.

Before the stock market opened, Endesa notified the National Securities Market Commission (CNMV) that it would have to pay approximately 570 million dollars (approximately 530 million euros) due to the arbitration award given to it by the International Court of Arbitration. It applied to the International Chamber of Commerce (ICC) for review of the price of a long-term supply contract for liquefied natural gas (LNG).

Investors this week Until the release of manufacturing PMIs in Europe and the USA, The Ifo business survey in Germany and the minutes of the last Fed meeting on November 1, among other references.

In the early stages of this session, Larger increases in Ibex 35 The points are taken by Acciona Energía (+1.18%), Repsol (0.98%) and Meliá Hotels (+0.71%), while on the opposite side the most striking ‘red lanterns’ are Endesa (-1, 28%) and Iberdrola ( -28%). -0.81%).

The main European stock exchanges opened this Monday with a mixed trend: London fell 0.19% and Frankfurt 0.02%, while Paris rose 0.36% and Milan rose 0.12%.

At the opening of the stock market, the barrel price of Brent quality oil, which is the reference for the Old Continent, was above 81 dollars with an increase of 0.69 percent, while in Texas it increased by 0.76 percent to 76.62 dollars. Increasing tensions in the Middle East following the open war between Hamas and Israel, the situation in Iran, the conflict in Ukraine and pressures on supply disruption by Russia and Saudi Arabia.

While the price of the euro against the dollar in the foreign exchange market was at 1.0922 ‘dollar’ level, Spain’s risk premium was around 100 basis points and the interest rate on the 10-year bond was at 3.598%.

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