The Ibex 35 of the Madrid Stock Exchange began this Wednesday’s session with an advance of 0.89%, which allowed it to open at 18,974.1 points. Shortly after the opening, the benchmark accelerated the gains to 1.5%, staying on the threshold of 19,100 points and placing itself at 19,082 points.
During the day, investors will continue to be very attentive to the release of corporate results, as well as to the evolution of the conflict in the Middle East and the Democrats’ victory in the midterm elections in the United States, which has granted them full control of Congress.
In this context, the Brent oil barrel, a benchmark in Europe, rose 0.1% at the opening of European markets, to 103.7 dollars, while the West Texas Intermediate (WTI), the benchmark in the US, also advanced 0.1%, to 96.2 dollars per barrel.
On the Spanish corporate front, Prosegur has announced, before the start of trading, that it obtained net profit of 87 million euros between January and September, which implies an increase of 5.6% compared with the same period of the previous year.
Likewise, the National Commission of Markets and Competition (CNMC) has said that it is analyzing possible restrictive competition practices in national energy markets, related to an eventual market closure of a discriminatory nature that would restrict the operations of other participants.
In the ‘macro’ section, and in accordance with data from the Ministry of Labour and Social Economy, registered unemployment in public employment offices increased by 43,128 people in October compared with September (+1.8%), mainly due to the behavior of the services sector, which added nearly 27,000 unemployed people following the end of the tourist season.
At the same time, the Ministry of Inclusion, Social Security and Migrations has stated that Social Security added an average of 186,612 affiliated workers in October compared with the previous month (+0.8%), the largest increase in a month of October in the entire historical series, driven by the start of the school term and the process of regularizing immigrants. Thus, the average number of contributors reached a new high of 22,624,165 workers at the end of the month.
In this scenario, in the first minutes of negotiations this Wednesday on the Bolsa de Madrid, the most notable gains within the Ibex 35 corresponded to Solaria (+3.9%), Acciona (+2.3%), Acciona Energía (+1.9%), and Bankinter (+1.7%).
On the opposite side, the only initial declines within the benchmark were recorded in Indra (-2.5%) and ACS (-1.4%).
The main European stock markets also opened higher. Milan was up 1.1%, while Frankfurt and Paris gained 0.4%, and London advanced 0.2%.
In the currency market, the euro regained ground against the dollar, trading on the markets at 1.124 "green bills", and in fixed income, the yield on the Spanish ten-year bond fell to 3.898%.