The Ibex 35 of the Madrid Stock Exchange began this Monday’s session with an advance of 0.60%, standing at around 18,760 points, supported above all by the good tone of the major Spanish financial institutions.
In the first minutes of trading, the biggest gains within the selective index corresponded to the banking sector, with CaixaBank leading the rises with 2.79%. The advances of Unicaja Banco (2.49%), Banco Sabadell (1.75%), Bankinter (1.44%) and Santander (1.43%) also stood out.
By contrast, on the downside were Indra, with a decline of 0.78%, together with Acerinox, which gave up 0.65%, and Enagás, which fell 0.59% in the first stages of the session.
Brent crude remains above 100 dollars
The evolution of the markets continues to be conditioned by the situation in the Middle East and doubts about the development of the conflict and oil supply. Although the price of crude has moderated its rise, the Brent barrel continues to move around 109.75 dollars.
This level implies a decline of close to 3.3% at the start of European markets. Similarly, West Texas Intermediate (WTI) oil, the reference in the US, is falling 3.73%, to 100.26 dollars per barrel.
In the corporate sphere, Ryanair has announced that its profit in its first fiscal quarter has been reduced by 15% and has warned of an increase of 2 billion euros in the price of aviation fuel for next year.
As for the main Stock Exchanges of the Old Continent, cuts predominated, with the exception of Milan, which was showing itself practically flat with a slight advance of 0.05%. Paris registered a drop of 0.19% and London fell 0.32%, while Frankfurt was down 0.28% at the open.
In the foreign exchange market, the euro was regaining ground against the dollar, to stand at an exchange rate of 1.1199 "greenbacks". In sovereign debt, the yield on the Spanish ten-year bond stood at 3.948.