The Ibex 35 of the Madrid Stock Exchange began this Friday’s session with a slight correction of 0.2%, placing the index at 19,925.10 points, still conditioned by tensions in the Middle East and by the new round of corporate earnings results.
On the geopolitical front, the President of the United States, Donald Trump, has said that the Iranian regime "is collapsing," asserting that its economy has been destroyed, its Armed Forces have been "annihilated," and that Washington maintains "total control" of the Strait of Hormuz without having recorded military casualties in the last five months.
In a telephone conversation with the American conservative chain Salem News Channel, the North American leader stressed that he will have no qualms about using military force again if he believes the situation in the area is becoming complicated, after underlining that the United States has been fighting "at a fairly fast pace" for three weeks.
At the same time, Iran’s Revolutionary Guard has said it has managed to hit and destroy an early warning radar of the U.S. Army in Bahrain, in retaliation for a prior airstrike against a telecommunications tower in the Iranian city of Sirik, in the southern province of Hormozgán.
According to a statement released by the Tasnim agency—linked to this military body—the aerospace force of the Revolutionary Guard has specified that this offensive was carried out as a direct response to the air attack attributed to U.S. forces against the infrastructure of Sirik.
In this climate of tension, the price of Brent crude rose to $96.12 per barrel, while West Texas Intermediate (WTI) became more expensive to $88.9.
On the Spanish macroeconomic front, the National Statistics Institute (INE) has reported that the Consumer Price Index (CPI) maintained in October a year-on-year rate of 4.9%, similar to February 2023 levels, thereby stringing together three consecutive months with increases above 4%.
As for listed companies, Técnicas Reunidas has announced, before the opening, that it achieved net profit of 119.6 million euros in the first nine months of 2026, 12% more than the 106.9 million for the same period of the previous fiscal year. The company will resume the on-account dividend after reaching a record order backlog.
For its part, Enagás has announced that, through its subsidiary Enagás Internacional, it has closed an agreement with EDF Invest -the investment arm of Electricité de France (EDF)- to acquire an additional 18% of the capital of the French company Teréga for 311 million euros, thereby raising its stake in this company to 49.5%.
Likewise, the pharmaceutical company Reig Jofre has stated that it obtained a consolidated net profit of one million euros in the first nine months of the year, which implies a 46% drop compared with the nearly 1.9 million euros gains recorded in the same period of the previous year.
Acciona leads the pullbacks of the Ibex 35
At the start of the session, the sharpest declines within the Ibex 35 corresponded to Acciona Energía, which fell by 3.13%, and to Acciona, with a cut of 2.81%, while Colonial retreated 1.6% and Arcelormittal fell 1.5%.
On the other side, the stocks that performed best in the early stages of trading were Repsol, up 1%; ACS, which advanced 0.8%; Merlin, with a rise of 0.5%; and Iberdrola, which gained 0.4%.
The bearish tone at the opening of the Ibex 35 was in line with the performance of the main European stock exchanges, which also recorded declines at the start of the session. Thus, the Cac40 of Paris and the Ftse100 of London fell by 0.1%, while the FtseMib of Milan began almost flat.
In the currency market, the euro was gaining against the "greenback" and was changing hands at 1.1067 dollars, while the yield on the Spanish 10-year bond rose to 3.949%.