Ibex 35 reaches 11,700 points at the beginning of the week.

The Ibex 35 index started this Monday’s session, its first of the week, with a gain of 0.42%, which took the Selective index to 11,707.6 points at 9:00 am in the context of geopolitical tensions in the Middle East. the conflict between Israel and Hamas that erupted just a year ago.

In the Spanish business field, the water and energy group Cox announced this Monday its intention to list on the Spanish stock exchange through an initial public offering (IPO) to qualified investors for an amount of approximately 300 million euros, as reported by the company just over a year ago merged the production companies of the Abengoa group after winning an award at an auction.

Likewise, Fitch Ratings upgraded Castellana Properties’ credit rating to “BBB-” with a “positive” outlook after SOCIMI accepted a new offer from Helios to sell its 29% stake in Lar España for 200 million, according to information sent at this time. Monday – BME Growth.

In the early stages of this session, the biggest gains in the Ibex 35 index were Banco Sabadell (+1.06%), IAG (+0.96%), BBVA (+0.92%) and Banco Santander (+0.87%) ), while the red lanterns were Acciona (-0.25%), Redeia (-0.23%) and Endesa (-0.18%).

Major European stock markets also opened positively on Monday, with gains of 0.35% in Milan, 0.31% in Paris, 0.28% in London and 0.11% in Frankfurt.

At the stock market open, the price of a barrel of Brent crude, the benchmark for the Old Continent, fell 0.27% to $77.84, while the price of a barrel of Texas crude was $74.25, down 0.17%.

In the foreign exchange market, the price of the euro against the dollar rose to US$1.0970, and in the debt market, the required interest rate on 10-year Spanish bonds rose to 2.982%.