On the average session of this Friday, the Ibex 35 recorded an increase of 0.41%, which allowed the main index of the Spanish Stock Exchange to regain the 20,000-points level. Specifically, the select index stood at 20,048.6 points on a day again conditioned by tensions in the Middle East, which keep oil at around $95, and by an intense run of corporate earnings results.
The President of the United States, Donald Trump, has said that Iran’s regime “is collapsing,” adding that its economy has been destroyed, its Armed Forces have been “annihilated,” and that Washington exercises “total control” over the Strait of Hormuz without having suffered military casualties in the last five months.
In a telephone interview granted to the conservative US television chain Salem News Channel, the president emphasized that he will not hesitate to resort again to military force if he detects that the situation in the region is taking an unfavorable turn, after noting that the United States has been fighting “at a fairly rapid pace” for three weeks.
For its part, Iran’s Revolutionary Guard has said that it attacked and destroyed an early-warning radar of the United States Army located in Bahrain, in retaliation for a prior airstrike against a telecommunications tower in the Iranian locality of Sirik, in the southern province of Hormozgán.
In a statement collected by the agency Tasnim—linked to the military body itself—the Iranian elite military’s aerospace force detailed that the operation has been carried out in direct response to the air offensive attributed to US forces against Sirik’s infrastructures.
At the same time, the commander-in-chief of Iran’s Revolutionary Guard, Ahmed Vahidi, has said that the Islamic Republic will respond firmly to the “smallest aggression” by the United States and Israel, at a moment of “impasse” in the conflict and when the parties maintain diplomatic contacts that have also not produced progress toward resolving the crisis.
In parallel, the price of the Brent barrel, a benchmark in Europe, fell to $95.5, down 0.37%, while West Texas Intermediate (WTI), a benchmark in the United States, declined 0.8%, to 88 “greenbacks”.
In the macroeconomic arena, the gross domestic product (GDP) of the euro zone recorded a quarterly growth of 0.4% in the third quarter of 2026, easing by two tenths compared with the 0.6% advance recorded between April and June, according to the second estimate released by Eurostat.
In Spain, the National Statistics Institute (INE) has indicated that the Consumer Price Index (CPI) kept its year-on-year rate at 4.9% in October, levels similar to those of February 2023, thus chaining three consecutive months with increases above 4%.
Company results and corporate moves
In the corporate sphere, Técnicas Reunidas has communicated, before the opening, that it obtained net profit of 119.6 million euros in the first nine months of 2026, which represents an increase of 12% compared with the 106.9 million euros for the same period of the previous year. The company will reinstate the interim dividend after closing a record order book.
Likewise, Enagás has announced that, through its subsidiary Enagás Internacional, it has reached an agreement with EDF Invest, the division of Electricité de France (EDF), to acquire an additional 18% of the capital of the French company Teréga for 311 million euros. With this transaction, its stake in the French company increases to 49.5%.
For its part, the Romanian telecommunications group Digi Communications recorded attributable net losses of 54.2 million euros in the first nine months of 2026, compared with the attributable net profit of 22.1 million euros for the same period of the previous fiscal year, according to the unaudited accounts released this Friday by the company itself.
Acciona leads the declines of the Ibex 35
In this scenario, the most hard-hit stocks of the Ibex 35 at mid-session were Acciona, which fell 6.7%, and Acciona Energía, down 5.7%. The declines of Colonial, 2.5%, and Arcelormittal, 1.85%, were also notable.
On the other side, the stocks that were performing best around 12.00 noon were Repsol, which was up 1.64%; Redeia, with a revaluation of 1.52%; Mapfre, which added 1%; and Iberdrola, which gained 0.94%.
The positive performance of the Ibex 35 accompanied the upward trend of the rest of the major European markets, which also traded in green at mid-session. Thus, France’s CAC 40 rose 0.15%; Germany’s DAX 30, 0.17%; Italy’s MIB, 0.19%; and the UK’s FTSE 100, 0.27%.
In the foreign exchange market, the euro was losing ground against the dollar and was being exchanged for 1,1047 "greenbacks," while the yield on the Spanish 10-year bond rebounded to 3,929%, raising the risk premium —the differential versus the German 'bund' at the same maturity— to 56.90 basis points.