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Stock market live | Ibex trades lower in regular results session, losing 11,700 points | Financial markets

What does Ibex 35 do?

A negative sign prevails on European stock markets on the last trading day of October. The Ibex index, which lost 0.7% yesterday, is down 0.3% today and is trading below 11,700 points. In the absence of today’s session, the Spanish stock market recorded a fall of 1.3% for the month. Today, the focus is back on business results. At the moment, CaixaBank, Sabadell, BBVA and Repsol have already published their reports.

Which values rise or fall the most?

Values that increase the most:

Fluidra: 8.7%. The pool manufacturer ended the first three quarters of the year with a net profit of 123 million euros, up 14% compared to the same period last year, it said in a statement sent to the National Securities Market Commission (CNMV) this Thursday.

Repsol: 1.4% after generating a net result of 1.792 million euros for the first nine months of this year, representing a decline of 36% compared to the same period last year, according to the company’s report to the National Stock Market Commission. Market (CNMV).

Share Energy: 0.8%

Values that fall the most:

Index: -1.6%. Inditex shares today discount €0.77 in the dividend that the company will pay to its shareholders next Monday, the 4th. With this payment, the group founded by Amancio Ortega will pay out around 2.4 billion euros to its investors.

Sabadell: -1.6%. The Catalan company earned 1.295 million between January and September, up 25.9% compared to the same period the previous year. This figure is equal to the benefits received for the entire previous year, which was already the best year in its history. However, the bank’s shares fell 1%.

BBVA: -1.3% The bank recorded a profit of 7.622 million until September, which is 28% more than in the same period last year. A figure that allows us to set a new profit record for this period – $5.961 million. Profitability, in turn, exceeds 20%, which significantly exceeds the planned level of 14%.

What are the rest of the stock markets doing?

Wall Street closed in the red on Wednesday amid jitters over mixed U.S. economic growth and employment data and a notable reaction to tech companies’ results. At the macroeconomic level, the latest data points to a mixed picture, with the U.S. economy growing at a slower pace than expected and payroll data on Wednesday pointing to a stronger-than-expected labor market.

In Asia, Japan’s Nikkei fell 0.5%, Hong Kong’s Hang Seng rose 0.2% and Chinese stock markets lost about 0.7%. Investors expect more clarity on Beijing’s stimulus next week when officials convene a week-long congress.

Keys of the day

The Bank of Japan kept interest rates ultra-low on Thursday and signaled a need to review global economic developments, underscoring its focus on risks to the fragile domestic recovery as it decides when to tighten policy again. However, the central bank forecast inflation will move closer to its 2% target in coming years, underscoring its determination to keep raising borrowing costs if the economy maintains a modest recovery.
Today, China has already published PMI indices for October: composite 50.8 (previous 50.4), manufacturing 50.1 (estimated 49.9 compared to previous 49.8) and non-manufacturing 50.2 (estimated 50.3 vs previous 50.0).
The Treasury is publishing government deficit data until August, in the absence of local corporations, after it rose 8.9% year-on-year to €37.099 million in the first seven months of the year.
In Europe, the CPI for the eurozone, France and Italy is known, as well as the unemployment rate in the Euroregion.
The European Central Bank (ECB) publishes an economic bulletin.
In the US, the focus is on publishing the personal income and expenditures of American households. The evolution of the Chicago Purchasing Managers Index is also relevant. In addition, weekly unemployment claims and the PCE index are coming in, which are important for analyzing future Fed rate decisions.
In Asia, the consolidated PMIs for China and Japan’s industrial production and retail sales stand out.
While US economic growth and labor market data are known, the market is currently discounting a 98% chance of a 25 basis point Fed rate cut on November 7 and an 80% chance of another 25 basis points on December 18, to be added to by another 100 basis points in during 2025 (only 200 basis points, taking into account 50 already materialized, to the target level of 3.5%).
In Europe, BNP, ING, Société Générale and Shell have their accounts, while in the US it is the turn of Apple, Amazon, Uber, Mastercard and Intel, among others.

What do analysts say?

Axel Botte, head of market strategy at Ostrum AM, warns that “the upcoming US election poses a risk to long-term interest rates, which central banks are struggling to contain.” And he adds that “the next ten days are critical to the direction of markets in the coming months.”