Sun. Oct 13th, 2024

The Ibex 35 is preparing to close the week at new highs since February 2020, in a positive climate in the markets after the falls in oil prices and the celebration of ‘Thanksgiving Eve’ in the United States, which will reduce activity Stock market drastically between today and tomorrow.

After the opening, the French Cac gained 0.1%, the German Dax 0.15% and the British Ftse 100 advanced 0.2%. The Ibex 35 remains flat at around 9,900 points despite the burden of Endesa after the presentation of its strategic plan, which incorporates a reduction in the dividend and more moderate forecasts.

The shares of the electricity company fell 2.3% and led the falls in the index, followed by IAG (-1.5%), Meliá (-0.6%), ACS (-0.6%) and Sabadell (- 0.5%). The rise highlights the rise of Unicaja (-1.5%), Acciona Energía (+1%), Repsol (+0.9%), Colonial (+0.7%) and Enagás (+0.5%). Among the heavyweights, Santander is down 0.1%, BBVA is up 0.1%, while both Inditex and Iberdrola are trading flat.

“Today we expect a session of very reduced activity in the European stock markets, which will not have the reference of Wall Street, a market that will remain closed due to the celebration in the US of Thanksgiving Day – it is worth remembering that tomorrow this market will only open a half session “, point out Link Gestión analysts.

“In principle, from now on, investors’ attention will focus on the evolution of the Christmas shopping season, which officially begins tomorrow (Black Friday) and which appears to be complex for many listed companies – there will be clear winners and losers after the same,” they add.

In other markets, the price of a barrel of Brent oil, a reference for the Old Continent, fell 0.7%, to 81.39 dollars, while Texas stood at 76.62 dollars, 0.62% higher . It is pending the attention of OPEC after the division of opinions in the member countries on a possible cut in production to tighten prices again. In the currency market, the price of the euro against the dollar advanced to 1.0910 units, so much so that in the debt market the interest rate on the 10-year Spanish bond climbed to 3.572%.

By NAIS

THE NAIS IS OFFICIAL EDITOR ON NAIS NEWS

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