The Ibex 35 advanced 0.17% in Thursday's mid-session, reaching 19,422.30 points, in a session once again conditioned by the evolution of Brent crude, which has retreated to prices prior to the start of the United States (US) and Israel offensive on Iran, and by the impulse of technology stocks.
Thus, the Brent barrel, a benchmark in Europe, was trading around $72.6 mid-session in the main European markets, after falling 1.48%, while West Texas Intermediate (WTI), a benchmark in the US, was trading around $69.5 after falling 1.1%.
The fall in the price of oil, which reached $126.10 in the case of Brent on April 30, has intensified since the end of May, coinciding with the progress of talks between Washington and Tehran to try to close the conflict.
Markets are also closely watching the technology sector after Micron announced on Wednesday that it had multiplied its quarterly profits by 15. "Demand for conventional memory chips and high-bandwidth memory (a key component in AI systems) continues to outstrip supply," explain Renta 4 analysts.
On the national macroeconomic front, the National Statistics Institute (INE) has indicated that the Spanish economy registered a growth of 0.6% in the first quarter of the year, two tenths less than in the previous three months, supported mainly by domestic demand, which added five tenths to GDP growth, compared to the contribution of one tenth from the external sector.
Likewise, the INE has announced that industrial prices rose 10.5% in May compared to the same month in 2025, their largest year-on-year increase since December 2022, driven by the increase in energy costs.
In the corporate sphere, Arteche has reported that it has completed an accelerated placement of shares for an amount of 100 million euros aimed at qualified investors, an operation that implies an increase equivalent to 1.77% of its share capital.
On the other hand, Audax has announced its intention to launch a voluntary cash takeover bid (OPA) for 100% of the outstanding shares of the Norwegian energy group Elmera for approximately 404 million euros.
Regarding shareholder remuneration, Faes Farma celebrates its general meeting this Thursday, where the payment of a complementary dividend of 0.087 gross euros per share will be put to a vote, which will represent a total disbursement of 27 million euros.
In turn, Gestamp has indicated that it will distribute a complementary dividend of 0.0412 gross euros per share on July 2, in line with what was approved at the general meeting of shareholders held on May 13.
In this scenario, the most notable upward stocks at mid-session were Acciona (+1.99%), Iberdrola (+1.70%), IAG (+1.65%), Endesa (+1.47%), and Redeia (+1.05%). On the other hand, Indra fell 3.05%, followed by Unicaja (-1.29%), Bankinter (-1.28%), CaixaBank (-1.21%), and Cellnex (-1%).
The main European stock markets were also moving in positive territory at mid-day: London's FTSE 100 added 0.26%, Paris's Cac 40 added 0.45%, Frankfurt's Dax added 0.63%, Milan's FTSE MIB added 0.27%, and the Euro Stoxx 50 added 0.68%.
In the debt market, the yield on the Spanish 10-year bond stood at 3.334%, slightly below the 3.340% marked at the close on Wednesday, leaving the risk premium at 47.3 basis points.
In the foreign exchange market, the euro appreciated 0.06% against the greenback, to place the exchange rate at 1.1365 dollars per euro.