The Ibex 35 started Thursday’s session with a 0.38% increase, bringing the Madrid selective to 12,978.6 points at 9:03 am, in a day marked by the publication of corporate results in Spain and the tariff and geopolitical impact announcements by U.S. President Donald Trump.
Before the opening of the main indicator of the Spanish market, the annual accounts of Repsol, Naturgy, eDreams Odigeo, Airbus, and Renault were known, among other companies.
Specifically, Repsol reduced its profit by 45% in 2024, to 1.756 million, due to refining margin decline, while Naturgy earned 1.901 million in 2024, 4.3% less than the record in 2023.
On the other hand, eDreams Odigeo emerged from the red and earned 4 million in the first nine months of its 2025 fiscal year, ending on December 31, while aircraft manufacturer Airbus earned 4.232 million euros, 12% more than in 2023.
The automotive group Renault also recorded an attributable net profit of 752 million euros in 2024, a 65.8% decrease compared to the 2.198 million euros from the previous year.
On the macroeconomic front, the Spanish Public Treasury expects to place between 4.5 and 5.5 billion euros in bonds and state obligations on Thursday, concluding the February auctions with this issuance.
Internationally, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve showed caution in its latest meeting, maintaining interest rates in the range of 4.25% to 4.50%, awaiting further progress on inflation and due to uncertainty stemming from the economic policy of the U.S. president.
In the early stages of the day, the biggest gains in the Ibex 35 were seen in Naturgy, up 4.01% at the opening, and Repsol (+3.9%), while Unicaja Banco was down 0.71% and Bankinter down 0.53%.
The main European stock exchanges opened with mixed results. Specifically, London fell by 0.3%, while Paris, Frankfurt, and Milan rose by 0.4%, 0.27%, and 0.02%, respectively.
At the opening of the stock market, the price of a barrel of Brent crude oil, a reference for Europe, was at $76.27, up by 0.3%, while Texas rose by 0.32% to $72.33.
In the currency market, the euro against the dollar was at 1.0432, while in the bond market, the yield on the 10-year bond climbed to 3.211%.
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