Ibex 35 Opens Lower as ECB Cuts Rates 25 Bps Today
Ibex 35 opened Friday with a 0.33% decline, standing at 11,866.2 points at 9:00, as traders weighed the European Central Bank’s decision to trim rates by 25 basis points. The move unfolded in a global backdrop that also includes Canada and the United States, shaping early sentiment across European and North American markets. Source: Reuters.
Despite the cut, ECB President Christine Lagarde kept the deposit rate at 3.25% and analysts say the central bank may resume trimming the cost of money in its year‑end meeting, underscoring the volatility that continues to characterize global markets. Source: Reuters.
On the corporate front in Spain, Mapfre announced it had secured majority control of Insignia Life in a deal that could reach up to 2,352.7 million pesos, or about 109.5 million euros, depending on adjustments. Source: Reuters.
CaixaBank, for its part, completed 64.42% of its share repurchase program over the 12 weeks since it began on July 31, with a total amount of 500 million euros. Source: Reuters.
Additionally, Airtificial Group has developed a project for a top German automaker with a budget of 5.2 million euros, featuring the construction of the largest linear production line in its history. Source: Reuters.
In the early session, Fluidra registered the largest advance within the Ibex 35, rising 0.98% at the open, followed by Colonial at 0.74%, Acciona Energía at 0.69%, and Acerinox at 0.27%. Source: Reuters.
By contrast, Banco Sabadell led the declines with a 1.04% drop, followed by Unicaja Banco at 0.74% and Aena at 0.68%. Source: Reuters.
Major European stock exchanges began the day in negative territory: London down 0.38%, Frankfurt down 0.06%, and Paris and Milan down 0.02% each, amid a broad selloff. Source: Reuters.
In the opening session, Brent crude, a benchmark for Europe, traded at $74.80 per barrel, up 0.47%, while WTI rose 0.55% to $71.06. Source: Reuters.
In the currency market, the euro traded around $1.0842, and the yield on the 10-year government bond rose to approximately 2.923%. Source: Reuters.
Meanwhile, the broader market backdrop included ongoing global considerations, with North American markets closely watching how policy signals from major central banks could influence risk sentiment across both sides of the Atlantic. Source: Reuters.