Overview
- The Ibex 35 inched up 0.02% to 16,041 shortly after the open, keeping the psychological 16,000 level intact.
- Puig shares rallied about 8–9% after reporting €3.596 billion in sales through September and reiterating its 2025 goals.
- Corporate results set the tone: CaixaBank posted €4.397 billion in profit, Unicaja €503 million, Mapfre €829 million, and Acerinox €7 million.
- The European Central Bank kept rates at 2% for a third meeting, while the Federal Reserve cut 25 basis points to a 3.75%–4.00% range.
- Global cues included reports of a U.S.–China understanding on tariffs and rare earths, as the euro traded near $1.156, Brent hovered around $65, and Spain’s 10‑year yield was about 3.16%.