The Ibex 35 extended into the middle of the session the strong “rally” that began on Wednesday after the result of the midterm elections in the United States became known. Around 12:00 p.m., the benchmark stood at 19,654.9 points, which represents a gain of 1.47%.
After yesterday the reference index of the Spanish Stock Exchange rebounded by close to 3%, with this Thursday’s rise the “rally” already totals more than 800 points in just two trading sessions.
According to Bankinter analysts, the focus of investors in the United States now turns to the next key macroeconomic data: the employment report, which will be released on Friday, and the CPI reading, scheduled for the following Tuesday.
On the corporate front, Rovi reported before the opening that it obtained net profit of 162.8 million euros in the first nine months of the year, which represents an increase of 67% compared with the same period of 2025.
It has also been learned that the Spanish cooperative group Dcoop and Acesur have emerged as winners in the bidding process for Deoleo, ahead of the offer submitted by the Sevillian oil group Migasa and the Italian Coricelli, in a transaction valued at 520 million euros.
For its part, the steel group ArcelorMittal said that it recorded attributable net profit of 867 million dollars (about 800 million euros) in the first nine months of 2026, which implies a decline of 70.8% compared with the gains of 2.975 billion dollars (around 2.744 billion euros) obtained in the same period of the previous fiscal year.
In addition, BBVA yesterday, at market close, completed the placement of 2.050 billion dollars (about 1.952 billion euros at the current exchange rate) through a non-preferred senior bond structured in three tranches: two at fixed rate, with maturities of three and ten years, and another at floating rate for three years.
After the publication of these corporate results, the Ibex 35 was led by Rovi, which was up 8.94%, and Arcelor, with a rise of 3.38%. Next were ACS (+2.85%), BBVA (+2.72%), Banco Santander (+2.14%), and Acerinox (+2.09%).
On the downside, only three stocks moved in negative territory: Ferrovial (-0.80%, affected by the “ex-dividend” effect), Indra (-0.60%), and Telefónica (-0.12%).
The main European bourses also turned green by the middle of the session. London was up 0.73%; Paris added 0.67%; Frankfurt gained 0.65%; and Milan rose 0.29%.
In the commodities market, the Brent barrel stood at $96.18, up 1.67%, while West Texas Intermediate (WTI) was trading at $88.70, with an increase of 0.66%.
In sovereign debt, the yield on the Spanish 10-year bond was at 3.814%, slightly below the 3.826% recorded at the close of Wednesday. As a result, the risk premium versus the German bond remained stable at 55.5 basis points.
In the foreign exchange market, the euro showed barely any variation versus the greenback, trading at $1.2228 per euro.