The Ibex 35 opened Tuesday with a 0.31% gain, lifting the Madrid benchmark to 11,887.1 points at 9:00 a.m., in a session shaped by Spain’s definitive September inflation data and by the conflict in the Middle East that could influence oil prices.
At the start of the session, the Consumer Price Index fell 0.6% in September from August, trimming the annual rate to 1.5%, the lowest since March 2021 when it stood at 1.3%, according to data published today by the National Institute of Statistics (INE), matching the figures released at the end of last month.
Investors were keeping an eye on Thursday’s European Central Bank meeting, after the central bank lowered rates by 25 basis points last September, while also monitoring the earnings season in the United States.
In Spain’s corporate scene, OHLA has once again asked its bondholders to defer the next debt coupon, initially due on September 15 and now expected to be paid on October 31, according to the company, which notified the CNMV after the market closed.
Meanwhile, CriteriaCaixa, the investment arm of the La Caixa Foundation, confirmed talks are advanced to sell its majority stake in Saba to Interparking, a Belgian company owned by Ageas and APG.
EiDF Solar posted €9.3 million in losses for the first half of the year, widening the red by 36% compared with the same period in 2023, when losses were just under €4 million.
In the early sessions, the Ibex 35’s top movers were IAG up 1.22%, Grifols up 1.08%, Acciona up 0.67%, and Colonial up 0.58%, while the day’s notable red lanterns included Repsol down 2.60%, Bankinter down 0.13%, and CaixaBank down 0.07%.
European stock markets opened the day with a mixed tone: Paris slipped 0.05%, while Frankfurt, Milan, and London rose by 0.49%, 0.24%, and 0.03%, respectively.
At the market’s open, Brent crude, the Europe-wide benchmark, traded at $74.69 per barrel, down 3.58%, while West Texas Intermediate fell 3.67% to $71.12, both pressured by tensions in the Middle East.
In the currency market, the euro traded at 1.0926 dollars, while in the debt market the yield on the 10-year note rose to 3.002%.