The Ibex clears the 9,000 points with the fall of Santander

Inside the Madsrid Stock Exchange. / efe

The selective yields 0.3% at the close in full avalanche of business results

Clara Alba

Prudence is once again prevailing in the financial markets and the Ibex-35 will have to work hard if it wants to exceed 9,000 points this week. The meeting of the European Central Bank (ECB) is approaching and nobody wants to take a false step amid the inflationary fears that in recent times have marked the evolution of global stock markets.

And while waiting for the meeting, the business results monopolize all the prominence, this Wednesday from the hand of Santander and Iberdrola. The fall of 2.8% of the bank led by Ana Botín has weighed down the selective, which dismissed the session with a decrease of 0.33% to 8,972 points.

The Cantabrian entity announced a profit of 5,849 million euros until September compared to the losses of 9,048 million the previous year, when it adjusted for goodwill due to the impact of the pandemic. Some positive accounts but that arrive in the midst of a rebound in the sector that could have encouraged many to collect profits.

Iberdrola joins the torrent of presentations this week. The company earned 10% less until September, to 2.4 billion euros. And he blames the decline on high energy prices, lower taxes and lower extraordinary items. Without these adjustments the profit rises 5%. Its shares are up 1.6% above 10 euros per share.

In the commodities market, oil is down, although a barrel of Brent, the benchmark in Europe, continues to exceed 84.8 dollars. For its part, the American West Texas yields up to 83.6 dollars.

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