The Ibex 35 holds above 18,800 points despite falling by 0.79%

The Ibex 35 falls 0.79% but keeps 18,800 points in a session marked by geopolitical tension, company earnings results, and a Treasury auction.

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Elecciones 29N · Encuestas

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Media a 2 de noviembre de 2026 · 16 institutos

  • PP30,5 %
  • PSOE27,4 %
  • Vox19,1 %
  • Frente Amplio6,4 %
  • ERC2,4 %
  • Podemos2,4 %
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Media del último estudio de cada instituto en 30 días y su evolución semanal desde el 23J. Partidos con al menos un 2 %.

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Elecciones generales del 29 de noviembre · Demócrata

The Ibex 35 has closed the session this Tuesday with a decline of 0.79%, settling at 18,807.2 points, in a day in which the focus of the market has continued to be centered on geopolitical tensions.

On this Tuesday, midterm elections take place in the United States. "A divided Congress would limit Trump's agenda, with implications for tariffs, fiscal policy, equities, and the dollar," analysts from Renta 4 have pointed out.

Investors are also continuing to stay alert to the development of the conflict in the Middle East. Iran has put on the table a two-day plan to reopen the Strait of Hormuz; the supreme leader has given the green light to the talks, and the President of the United States, Donald Trump, has said that an agreement "could occur."

In this context, Trump has advanced that the United States will stop delivering $4,000 million (nearly €3,575 million) in military aid to Israel at the end of the year.

Business results and corporate operations

In the corporate arena, before the bell, Prosegur Cash has reported that it achieved net profit of 68 million euros in the first nine months of the fiscal year, 2.1% higher than in the same period of 2025.

For its part, Ferrovial has informed that it has set the amount of its second flexible dividend ('scrip dividend') corresponding to fiscal year 2026 at 0.835 euros gross per share.

Likewise, BBVA has gone to the Swiss market this Tuesday, where it has placed 390 million Swiss francs (425 million euros) through a preferred senior 'green' bond structured in two tranches.

Lastly, the steel group ArcelorMittal has indicated that it will obtain a positive adjusted net result of $652 million (€582 million) in the first nine months of the year, according to the consensus of analysts regarding its third-quarter figures.

Macroeconomic data and market performance

On the 'macro' front, the Spanish Treasury has raised 6,423.5 million euros this Tuesday in an issue of bills with six and twelve months, within the mid-to-high band foreseen, increasing the return offered to buyers.

Among the rising stocks of the benchmark, Grifols (+2.09%), Solaria (+1.80%), ACS (+1.26%), Repsol (+1.13%) and Acciona (+1.06%) have stood out. On the decline side, ArcelorMittal (-2.45%), Inditex (-2.40%), Bankinter (-2.40%), Mapfre (-1.71%), Indra (-1.67%) and Acerinox (-1.52%) have been the most notable.

The main European stock markets have also ended in the red. London fell by 1.14%; Paris, by 0.34%; Frankfurt, by 0.45%; and Milan, by 0.01%.

The Brent barrel stood at $103.35 at the European close, down 1.36%, while West Texas Intermediate (WTI) traded at $95.85, with a decline of 0.63%.

In fixed income, the yield on the Spanish 10-year bond has rebounded to 3.93%, from 3.891% at the close on Monday, keeping the risk premium practically stable at 60 basis points.

In the currency market, the euro gained 0.06% at the end of the European session, setting the exchange rate versus the dollar at $1.1187 per euro.