Ibex 35 concluded this Wednesday's session with a drop of 1.45%, standing at 18,883.50 points. The day took place in a week conditioned by the monetary policy decision adopted by the United States Federal Reserve this Wednesday and by the intense wave of corporate earnings.
Experts take it for granted that the U.S. central bank will keep interest rates unchanged, after having raised the benchmark rate at its latest meeting, for the first time in more than three years. However, they foresee new increases before the end of the fiscal year.
"Our central scenario contemplates a rate hike in December, followed by three additional quarterly increases during the coming year, which would place the target range between 4.75% and 5.00%," forecasts the international economist at J.Safra Sarasin Sustainable AM, Raphael Olszyna-Marzys.
Corporate earnings in Spain
In the national corporate sphere, Banco Santander has reported that it obtained a net profit of 11.176 billion in the first nine months of 2026, which implies an advance of 16.1% compared with the same period of the previous fiscal year.
The insurer Mapfre recorded a net profit of 924.3 million in the first nine months of 2024, an increase of 11.5% compared with the same stretch of last year.
Línea Directa announced before the opening that it achieved a net profit of 80.4 million euros between January and September, 34.8% more than in the same months of the previous fiscal year.
Endesa indicated that it reached a net profit of 1.962 billion euros in the first nine months of the year, 14.7% more than in the same period of the previous year, and it ratified its forecast of achieving an annual ordinary net profit above 2.400 billion.
Redeia, for its part, said that it obtained a net profit of 410.3 million euros between January and September, which represents an increase of 5.3% compared with the 389.8 million in the same interval of the previous fiscal year.
The airport operator Aena detailed that it closed the first nine months of 2026 with a net profit of 1.796 billion euros, 10.8% more compared with the same period of the previous year.
Ferrovial highlighted that it achieved an operating profit of 848 million in the first nine months of 2026, a decline of 12% compared with the 966 million euros of a year earlier, due to the greater capital gains recorded in the previous fiscal year from the sale of assets.
Técnicas Reunidas reported that it has been awarded a contract with the African industrial conglomerate Dangote to supply two hydrogen production reformers destined for a new ammonia and urea fertilizer complex in the locality of Gode, in the Somali province of Ethiopia.
Vidrala pointed out that it obtained attributable net profit of 173.4 million euros in the first nine months of the year, 6.4% more than in the same period of 2025.
Finally, Fluidra emphasized that it has amortized more than two million of its own shares, equivalent to 1.1% of its capital, after completing its share buyback program.
Biggest gainers and losers in the Ibex 35
In this scenario, the biggest corrections within the index have been those of Acciona Energía (-6.27%), Banco Santander (-5.59%), Acciona (-5.53%), Mapfre (-3.92%), Puig (-2.66%) and Cellnex (-2.27%). On the opposite side, Redeia led the advances (+1.53%), followed by Fluidra (+0.75%), Telefónica (+0.61%), Grifols (+0.42%) and Enagás (+0.28%).
Performance of international stock markets
The rest of the major European markets ended the day in positive territory: the British FTSE 100 index added 0.07%, the German Dax 0.44%, the Italian FTSE MIB 0.40% and the Euro Stoxx 50 0.05%. Only the French Cac 40 closed practically flat.
In the United States, Wall Street showed a mixed tone at the close of European markets: the Dow Jones advanced 0.23%, the S&P 500 gained 0.19% and the Nasdaq, benchmark index for technology stocks, fell 0.06%.
Commodities, debt, currencies and safe havens
In the crude oil market, Brent crude was trading at 116.25 dollars a barrel, 2.08% higher, while West Texas Intermediate (WTI) stood at 103.31 dollars, with a rise of 3.41%.
In fixed income, the yield on the Spanish 10-year bond fell to 3.996%, slightly below the 3.997% marked at Tuesday's close. With this, the risk premium stood at 63.76 basis points.
In the foreign exchange market, the euro appreciated 0.21% against the dollar, setting the exchange rate at 1.1148 dollars per euro.
As for the assets considered 'safe haven' in episodes of high volatility, the price of an ounce of gold retreated 0.51%, to 4,053 dollars, while the main cryptocurrency, bitcoin, fell 0.17%, to 80,498 dollars.