The Ibex 35 of the Madrid Stock Exchange has started the session this Monday with a rise of 1.27%, which has allowed it to return to above 19,200 points, after barely maintaining the psychological threshold of 19,000 last Friday.
Specifically, the Spanish selective was at 19,278 points at 9:00 a.m. on this festive day in Spain, conditioned by the tension in the Middle East, which keeps the price of crude oil around 104 dollars.
During the weekend, the Houthi militias of Yemen have claimed responsibility for the latest attacks against the airports of Riyadh and Dammam in Saudi Arabia, as well as against facilities of the Saudi state oil company Aramco, in response to the "massacres" attributed to the Saudi aviation on Yemeni territory.
At the same time, a large tanker was hit by a projectile while crossing the strategic Strait of Hormuz, according to Iranian and British sources.
Regarding diplomatic efforts, the head of Iran's Supreme National Security Council, Mohsen Rezai, stated this Sunday that the United States has accepted part of the seven demands made by Tehran to reopen the Strait of Hormuz, although in general terms, its response has been described as "inadequate."
"The United States has agreed to some of Iran's seven conditions, but we consider their response to be inadequate," Rezai pointed out in a message posted on social media. The Iranian official warned that "Iranian diplomacy has changed and there will be no return to the 'status quo ante'."
In this scenario, the Brent barrel, a reference in Europe, fell by 0.7% at the opening of European markets, to 103.9 dollars, while the West Texas Intermediate (WTI), a reference in the United States, lowered its price by nearly 1%, to 90.9 dollars per barrel.
In the national corporate sphere, Spanish companies have recorded a lesser impact of the conflict in Iran on external and internal demand and on their investment plans in the third quarter, according to the Bank of Spain's Business Activity Survey (EBAE).
At the same time, the continuous deterioration of the financing conditions of public debt in France has raised alarms among large managers, who consider the maneuvering margin of the French Government to be very limited and warn that the tension on sovereign credit is beginning to transfer risks to the banking system of the country.
In this context, in the first minutes of trading this Monday on the Madrid Stock Exchange, the largest increases within the Ibex 35 corresponded to Cellnex (+3%), Banco Santander (+1.9%), BBVA (+1.82%), Bankinter (+1.67%) and Iberdrola (+1.65%). On the opposite side, the only declines at the beginning of the session were those of Repsol (-1.93%), Acerinox (-0.41%) and Telefónica (-0.1%).
On the other hand, the main European stock exchanges were moving positively in the first moments of the day. Milan recorded an increase of 0.83%; London, of 0.47%; Frankfurt, of 0.4%; and Paris, of 0.38%.
In the foreign exchange market, the euro gained ground against the dollar, reaching an exchange rate of 1.1205 "greenbacks," while in the debt market, the yield of the Spanish ten-year bond fell to 4.063%.