Halloween Fear: Ibex 35 goes red at the end of the month with 11,600 points against Acciona Energía and Indra

The Spanish stock market turned red again due to the damaging effects of the fall on Wall Street. The poor reading of the results of two large technology companies, Microsoft and Meta (Facebook), is negatively affecting the Spanish market, which is reaching its climax. month of moderate cuts reaching 1.7%but which will also return our country’s shares to their closing levels in the middle of the month. And also that for the third day in a row the reductions ended only above 11,600 points.

The uncertainty surrounding the results again sets the tone for Fluidra as a positive hero and its good results, as well as Caixabank, compared with the sluggishness with which the market accepted BBVA’s results and the poor results of Banco Sabadell and Repsol.

Also remember that Tomorrowdespite the national holiday, The Spanish stock market will open its doors so does the rest of Europe and Wall Street.

At the same time, the Ibex 35 closed on Thursday down 0.36% to 11,672.60 points, with declines in indicators such as Acciona Energías Renovables 2.82%, Indra 2.70% and Acciona 2.49%, as well as gains in Fluidra 7 .11%, Unicaja 3.50% and Redea (REE) 3.16%.

As the protagonist, Fluidra, having made more than positive progress at the end of the day, also leads the Ibex 35 in profit. For the first nine months of the year, it recorded a net profit of 123 million euros, up 14%. The company updates its outlook for the year as a whole, raising its average score.

Reached sales amounted to 1.637 million euros in the first nine months of 2024.which is 1% more than in the same period. These results put the Group back on track for growth, driven by strong sales in the third quarter driven by higher volumes.

It is also a positive sign for CaixaBank, which earns €4,248 million, up 16.1%, thanks to growth in commercial activities, and its board of directors approved the distribution of an interim dividend of €1,070 million at a rate of 14.88 gross. cents per share.

Nothing to do with BBVA’s lackluster market reception. The company, in the midst of a hostile takeover launched against Banco Sabadell, achieved record profits: 7.622 million euros, 28% more than a year ago. Without the impact of currency, the profit increase would have been 44%. Interest margin growth slows to 5.7%, and fees increase by 25%. In the first nine months, BBVA attracted 8.5 million new customers, 67% of them through digital channels.

And Banco Sabadell recorded a profit of 1.295 million euros in the period from January to September 2024, which is 25.9% more than in the same period last year and almost equal in nine months to the figure for the whole of 2023. This is a record figure for the enterprise. With a negative reading on the market.

Profits at oil company Repsol also fell despite raising dividends. Specifically, for the first nine months of 2024, it generated a net result of €1.792 million, representing a decrease of 36% compared to the same period in 2023. The oil company announced a dividend payment of €0.475 gross per share for January. 2025.

Already in Europewidespread cuts across all markets, especially a big drop in the EURO STOXX 50 index, on the day we learned that inflation data was putting even more pressure on the eurozone.

In particular, the eurozone’s annual inflation rate reached 2% in October, higher than the 1.9% expected by the market. These figures represent an increase of three tenths compared to September. Drivers of growth included smaller declines in energy costs and increased availability of fresh produce.

As for sectors, only energy is saved from burning in the pan-European selection thanks to important cuts in technology, which are being pulled by Meta (Facebook) and Microsoft, and consumption, both cyclical and non-cyclical.

Today’s rise of oil company Shell, Banco Santander and British British American Tobacco compared with the sharp decline of brewer Anheuser-Busch Inbev, BNP Paribas and ASML Holding.

Thus, at the end of the day Ibex, the EURO STOXX 50 ends the session down 1.28% to 4823 points, the CAC 40 falls 1.05% to 7350 points, the CAC 40 index falls 1.05% to 7350 points. Dax moves with a fall of 1.03% to 19,068 points and a contraction London FT 100which at closing fell by 0.70% to 8102 points.

Wall Street was clearly down at the end of yesterday’s US session, weighed down by two of the Magnificent Seven performing poorly.

Meta (Facebook) reported earnings per share of $6.03, above the $5.25 expected by analysts, on revenue of $40.59 billion, above the $40.29 billion expected.

However, its shares fell 2% after Facebook’s parent company appears to be disillusioned with user numbers: Meta said there were 3.29 billion daily active people in the third quarter, below analysts’ forecasts of 3.31 billion. It fell a significant 4.2% mid-session.

But Microsoft shares fell 5.6% to post earnings of $3.30 per share, above expectations of $3.10, on revenue of $65.59 billion, also topping the market’s forecast of $64.51 billion.

However, their forecasts for the current quarter are disappointing.with a figure between $68.1 billion and $69.1 billion, suggesting growth of 10.6% in the mid-range. Analysts had forecast $69.83 billion.

At mid-session, the DOW JONES lost 0.69% to 41,852, the S&P 500 gained 1.40% to 5,732 and Wall Street’s Nasdaq OMX rose 2.31% to 18,178.

In secondary government debt, the return on assets increases, and Spanish 10-year bond, yielding 0.58%, to 3.104% German bonds have already gained 55% to 2.3880%. Spain’s risk premium closed at 71.40 basis points on Thursday, up 0.78%, while remaining two points below France’s.

As for oil, it is rising again futures for a barrel of Brent are trading at $72.84 and growing by 1%, while West Texas rose 1.09% to $69.37. Gold fell, showing strong profit-taking, and fell 1.9% to $2,748 an ounce.

Bitcoin, meanwhile, also gains to $70,654 and falls 2%, while the euro-dollar ratio remains 0.06% higher for the European single currency at 1.0861 units.