The Ibex 35 was recording at mid-session an advance practically flat of 0.03%, placing itself at 20,034.70 points. The session was conditioned by the release of corporate results in Spain and by uncertainties surrounding Nvidia, which is already considering the dismissal of its CEO, Jensen Huang, after the scandal over his alleged extramarital relationship with a supposed Chinese spy.
The sharp corrections in the stock market that Nvidia is suffering reflect the market’s doubts “about the company’s ability to maintain the growth pace seen so far under the direction of someone else,” according to Renta 4 analysts. Futures for the tech firm on Wall Street anticipate a drop of more than 5%.
Telefónica results and Santander offer
On the national corporate front, and before trading began, Telefónica said it obtained net profit of 464 million in the first nine months of the year, compared with losses of 1,080 million euros recorded in the same period of 2025. In the Spanish market, the ‘teleco’ closed this stretch of the year with revenue of 9,828 million, which implies a 2.5% year-on-year increase and its fastest growth rate for this period in more than 15 years.
Also, Santander detailed that it has decided to improve by 5% the conditions announced last July 30 for the voluntary offer it plans to launch in order to acquire all of the ordinary shares, preferred shares, units (units) and American Depositary Shares (ADS) of Santander Brasil issued and outstanding that it still does not control.
Top Ibex 35 stocks and the rest of Europe
Within the Spanish benchmark, the biggest gainers at mid-session were ACS (+2.37%), Grifols (+1.22%), Naturgy (+1.07%), Enagas (+1.06%) and Acerinox (+1%). On the other side, Telefónica led the declines (-1.37%), followed by Indra (-2.08%), IAG (-0.62%) and Inditex (-0.50%).
The main European indexes were also moving upward at mid-session: the British FTSE 100 gained 0.29%, the Paris Cac 40 added 0.71%, the Dax of Frankfurt advanced 0.86%, the FTSE MIB of Milan gained 0.21% and the Euro Stoxx 50 rose 0.39%.
Commodities, debt and currencies
In the commodities market, the Brent barrel, a reference in Europe, was down 0.89% on the session average, to $91.93, while the West Texas Intermediate (WTI), a reference in the United States, retreated 0.82%, to $85.82.
In fixed income, the yield on the Spanish 10-year bond fell to 3.858%, placing the risk premium at 56.69 basis points.
In the currency market, the euro was up 0.08% against the "greenback", reaching 1.1099 dollars.