The Ibex 35 drops 0.2% at the opening and maintains 9,200 integers with Telefónica in ‘red’

2023-11-07 10:28:30

The Ibex 35 began this Tuesday’s session with a drop of 0.22%, which has taken the index to 9,221.1 points, in a day that will again be marked by the presentation of business results and the conflict between Israel and Hamas. Before the start of the trading day, Amadeus informed the National Securities Market Commission (CNMV) that it obtained a net profit of 841.9 million in the first nine months of the year, a figure 74.6% higher than the 482 .2 million euros from the same period of the previous year.

Telefónica, for its part, announced that it has launched a voluntary public takeover bid (OPA) for shares representing a maximum of 28.19% of the share capital and voting rights of its German subsidiary.Telefónica Deutschland, of which it currently owns, directly or indirectly, 71.81%. In Spain, the Public Treasury expects to place between 4,000 million and 5,000 million euros this Tuesday in an auction of six- and twelve-month bills.

Also in the macro field, today the industrial production of Germany and Spain and the industrial prices of the eurozone will be published, while on Wednesday the inflation of Germany and the retail sales of the eurozone will be revealed; Thursday, China inflation; and on Friday, the Gross Domestic Product (GDP) of the United Kingdom. In the early stages of this session, the biggest increases within the Ibex 35 were recorded by Amadeus (+4.1%), Sacyr (+0.28%) and Indra (+0.23%), while on the On the contrary, the ‘red lanterns’ were Telefónica, which lost 2.12%, Repsol (-1.73%) and Grifols (-0.89%).

The main European stock markets also opened this Tuesday with a negative sign: 0.40% for Paris, 0.33% for Frankfurt, 0.20% for London and 0.16% for Milan.At the opening of the stock market, the price of a barrel of oil Brent quality, a reference for the Old Continent, was below 85 dollars, almost 1% less, while that of Texas fell 1%, to 80 dollars, both affected by the escalation of tensions in the East Coming after the open war between Hamas and Israel, as well as the situation in Iran, in addition to the pressures related to the conflict in Ukraine and the cut in supplies from Russia and Saudi Arabia.

In the currency market, the price of the euro against the dollar stood at 1.0700 ‘greenbacks’, while the Spanish risk premium was around 105.6 basis pointswith the interest required on the 10-year bond at 3.796%.