The Ibex 35 has started this Holy Thursday's session with a 1.6% decline, standing at 17,305 points, in an opening conditioned by the retreat of crude oil prices, which are trading above 107 dollars a barrel, while investors remain attentive to the evolution of the conflict in the Middle East.
The session is planned as a day of transition, given that the Stock Exchange will remain closed both on Good Friday and Easter Monday.
In the international arena, the president of the United States, Donald Trump, has assured that Washington is "about" to meet "all" its military objectives in Iran and has anticipated a new round of "strong" attacks during the next "two or three weeks."
In this context, the price of the Brent barrel, a reference in Europe, was around 107.8 dollars at the start of trading in European markets, after rebounding by 6.57%, while West Texas Intermediate (WTI), a reference in the United States (US), was exchanged around 106.17 dollars after advancing by 6%.
In the Spanish corporate landscape, the market has its eyes on Indra, whose board of directors has appointed the former CEO of CriteriaCaixa, Ángel Simón, as non-executive chairman, in substitution of Ángel Escribano, as the company communicated this Thursday to the National Securities Market Commission (CNMV).
The decision has been adopted after the favorable report of the appointments, remuneration, and corporate governance committee, and responds to the proposal submitted on Wednesday afternoon by the State Society of Industrial Participations (SEPI), the group's main shareholder with 28% of the capital.
In the early stages of the session, Repsol was among the most prominent values of the Ibex 35, with an advance of 2.35% after the opening, ahead of Redeia (+1.36%) and Enagás (+1.36%). On the downside, ArcelorMittal dropped 4.4% and IAG retreated 3%.
The main European stock exchanges also started the day in negative: Frankfurt fell 1.37%, Milan 1.3%, Paris 1.24% and London 0.69%.
At the same time, in the foreign exchange market, the euro lost ground against the dollar to stand at 1.1528 "greenbacks", while the yield demanded on the ten-year Spanish bond eased to 3.534%.