The Ibex 35 opened this Thursday with a gain of 0.86%, lifting the Madrid index to 10,844 points after absorbing the previous day’s decision—made after European markets closed—by the United States Federal Reserve to keep rates in the 5.25% to 5.5% range, a level not seen since January 2001. This move helped the benchmark momentarily trade at levels not touched since June 2017, following a 0.48% rise on Wednesday that brought it to 10,752.5 points. (CNMV)
In corporate news, Airtificial reported a net loss of 4.3 million euros for 2023, an improvement of 43% from the red ink of 7.4 million euros in the previous year, according to a filing with the CNMV. The company indicated that results exceeded its own forecasts. (CNMV)
Dia Brasil, the Brazilian subsidiary of Grupo Dia, filed for a judicial recovery process under Brazilian law aimed at restructuring and addressing its current financial situation, the company informed the CNMV. (CNMV)
On the macroeconomic side of Spain, residential property transactions in January fell by 2.1% year-on-year, totaling 54,346, according to data released by the National Institute of Statistics. The INE noted a 12-month streak of declines. (INE)
At the session’s start, the Ibex 35’s top gainers were IAG, up 2.74%; Solaria, up 2.42%; Acciona Energía, up 2.18%; and Grifols, up 2.13%. On the opposite end, Rovi fell 0.76%, Enagás slipped 0.34%, and Indra eased 0.16%. (CNMV)
Across major European stock markets, the open was positive: London gained 1.16%, Frankfurt 0.84%, Milan 0.73%, and Paris 0.66%. (CNMV)
In the market’s opening, Brent crude, the European benchmark, rose 0.77% to 86.61 dollars per barrel, while Texas Intermediate stood at 81.88 dollars, up 0.75%. (CNMV)
Movements in the currency market showed the euro trading at 1.0925 against the U.S. dollar, while the Spanish 10-year government bond yield climbed to 3.237%. (CNMV)