The Ibex 35 started the session this Thursday, an intermediate trading day between two national holidays in Spain; It reached 10,231 points, a decline of 0.26%, continuing from the highs seen in May 2018.
Investors will be waiting for the statements of European Central Bank (ECB) member Frank Elderson this Thursday and the Eurogroup meeting where perspectives on the economies of the member countries will be presented.
In Spain, the Spanish Public Treasury hopes to secure between 2,500 and 3,500 million euros today in the second auction of new State debts in December.
In the European macroeconomic sphere, the publication of industrial production of Germany and Italy, exports, imports and current account of France, as well as the Gross Domestic Product (GDP) of the euro zone, will stand out, while in the United States, these will stand out. New unemployment aid claims and natural gas reserves will be announced.
The biggest gains on the Ibex 35 in the early stages of this session were recorded by Iberdrola (+0.56%), Telefónica (+0.22%), Unicaja Banco (+0.20%) and Banco Santander (+0.04%) .
On the contrary, the most significant declines were recorded by Rovi (-3.61%), IAG (-2.36%), Colonial (-1.48%) and Meliá (-1.42%).
Europe’s leading stock exchanges also opened this Thursday with a negative sign; London in particular fell 0.43%; Milan, 0.24%; Frankfurt 22% and Paris 0.19%.
At the opening of the stock market, the barrel price of Brent quality oil, which is the reference for the Old Continent, increased by 0.75 percent to 74.86 dollars, while Texas increased by 0.71 percent to 69.87 dollars.
While the price of the euro against the dollar in the foreign exchange market was at 1.0777 ‘dollar’ level, Spain’s risk premium was around 100 basis points and the interest rate on the 10-year bond was at 3.221%.