Ibex 35 climbs as earnings beat, inflation pressure persists; European markets mixed focus on central banks

No time to read?
Get a summary

The market moved higher on Friday, nudged up by a modest gain of 0.7% that pushed the Ibex 35 beyond 9,500 points. Investors watched a day focused on corporate earnings, macro data, and the start of a transitional phase as central banks prepare fresh policy signals in the coming week.

In the current reporting cycle, Línea Directa reported a net loss of 15.5 million euros for the first half. Inflationary pressure weighed on the housing and consumer segments, while Logista delivered a profit of 193.4 million euros for the first nine months of its fiscal year, reflecting a 35.8% year‑over‑year rise. Tubacex also posted stronger results, doubling its earnings in the January–June period to reach 20 million euros.

The Ibex 35 settled at 9,526.2 points as Bankinter rose 1.14%, Repsol gained 1.05%, Solaria added 0.62%, CaixaBank climbed 0.60%, and Mapfre advanced 0.54%. By contrast, the largest declines were seen in Rovi (down 1.08%), Unicaja Banco (down 0.79%), Amadeus (down 0.69%), Indra (down 0.63%), and Cellnex (down 0.58%).

Major European equity indices opened higher on the day, with Paris around a 0.79% gain, London up 0.76%, Frankfurt 0.59% higher, and Milan up 0.36%.

At the opening bell, Brent crude oil, the European benchmark, advanced about 0.73% to 80.37 dollars per barrel, while WTI crude in the United States climbed roughly 0.94% to 76.36 dollars.

In the currency market, the euro traded near 1.1141 against the dollar. The Spanish risk premium stood around 100.1 basis points, and the yield on the benchmark 10‑year bond hovered near 3.473%.

No time to read?
Get a summary
Previous Article

Samuel L. Jackson Reflects on A Time to Kill and Oscar Odds

Next Article

Ferencváros Coach Cherchesov Faces Scrutiny After Early European Exit